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  • Type
  • Quadruplex
  • 3500 Sq Ft
  • Area Size
Active Residential Income Active
2945 Coconut Ave, Miami FL 33133 | Miami-Dade County | A11977562
  • $2,800,000

Description

Exceptional investment opportunity in highly desirable Coconut Grove! This well-maintained fourplex features four spacious 2-bedroom, 1.5-bathroom units (875 Square Feet per unit), each offering a private patio as well as an exclusive rooftop terrace—an uncommon and highly desirable feature for star gazers. The gated property provides secure access and includes parking for two vehicles per unit.

Each unit has its own separate folio number, creating a rare opportunity for a potential condo conversion or flexible ownership structure. All units are currently occupied by long-term tenants, providing immediate income, with rents currently below market rates and strong upside potential for increased revenue.
Ideally located near the parks, marinas, dining, shopping, and waterfront lifestyle that make Coconut Grove one of Miami’s most sought-after neighborhoods, this property offers both stable cash flow and long-term appreciation potential.
DO NOT DISTURB TENANTS. Showings by appointment only after executed contract.

Property Overview

This four-unit property at 2945 Coconut Ave in Miami is part of the Palm Terrace building, built in 2008, and offers a total of 3,500 square feet of living space. Each of the four units is 875 square feet and includes two bedrooms and one and a half bathrooms. Every unit has its own private patio and exclusive access to a rooftop terrace, a unique feature not commonly found in multi-family properties in the area. The property is gated and provides two assigned parking spaces per unit. All four units are currently occupied by long-term tenants, and the rents are below market value, offering strong potential for increased income. Located in the heart of Coconut Grove, this property is close to parks, marinas, restaurants, and shopping. It sits in a well-maintained building with no HOA fees and offers the owner a mix of stable income and long-term appreciation potential. Showings are available by appointment only. For more details or to schedule a visit, call 305-859-4733.

Frequently Asked Questions

How many units does this property have, and what is the layout of each?

This is a four-unit quadruplex, with each unit featuring two bedrooms and one-and-a-half bathrooms. Each unit is approximately 875 square feet and includes a private patio and access to a shared rooftop terrace.

What is the total square footage of the property, and when was it built?

The total living area of the property is 3,500 square feet, and it was constructed in 2008.

Are there HOA fees for this property?

No, there are no HOA fees associated with this property.

Is there parking available, and what about the current tenant situation?

The property offers parking for two vehicles per unit. All four units are currently occupied by long-term tenants. Please note: Do not disturb the tenants.

Have a question about this Miami listing?

Talk directly with Christopher Lazaro, your Miami real estate advisor. No pressure — real answers.

Address

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  • Address: Coconut Ave
  • City: Miami
  • State/county: Miami-Dade County
  • Zip/Postal Code: 33133
  • Area: PALM TERRACE

Details

Updated on September 20, 2026 at 4:43 pm
  • Property ID A11977562
  • Price $2,800,000
  • Property Size 3500 Sq Ft
  • Year Built 2008
  • Type Quadruplex
  • Property Status Active, Residential Income

Additional details

  • Cooling Central Air
  • Heating Central
  • Tax Year 2025
  • Flooring Tile
  • Building PALM TERRACE
  • Listing Terms All Cash, Conventional
  • Area Palm Terrace
  • Total Stories 3
  • Waterfront No
  • Association Yes
  • Style Fourplex
  • Private Pool No
  • Structure Type Quadruplex, Fourplex
  • Association Fee 0
  • Subdivision PALM TERRACE
  • Annual Tax 35354
  • Year Built Details Resale
  • Building Area 3500
  • Lot Size (Sq Ft) 0
  • Flood Zone X
  • New Construction No
  • Construction CBS Construction
  • Association Fee Frequency Monthly
  • Association Type Condo

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