632 15th St, Miami Beach FL 33139 | Miami-Dade County | A11940926

This is The Elizabeth, an 8-unit quadruplex located at 632 15th St in the heart of South Beach, just steps from Lincoln Road, Flamingo Park, Española Way, and the beach. The property is fully leased and generating over $210,000+ in current monthly rent, offering strong cash flow and consistent tenant demand. Each of the 1-bedroom, 1-bathroom units is equipped with central air conditioning and in-unit washer and dryer—a rare combination in the area that supports above-market rents and low vacancy. Built in 1930 and fully 40-year recertified, The Elizabeth is in excellent structural condition and zoned RM-1, allowing for flexibility in future use or development. The property includes impact windows, gated access, and private outdoor space, making it an attractive and secure option for both residents and investors. With its prime location in one of Miami Beach’s strongest rental corridors, this asset benefits from high foot traffic, proximity to dining, shopping, and cultural attractions, and the consistent appeal of South Beach living. This 5,939 sq. ft. multifamily property is listed for $2,650,000 and represents a rare opportunity in a supply-constrained market. The location, combined with the unit layout and modern upgrades, supports immediate rental income and long-term appreciation. For buyers seeking a high-rent asset with upside potential, this property is well-positioned to deliver value. Call 305-859-4733 for more details and to schedule a private showing.