LINCOLN SUB
632 15th St, Miami Beach FL 33139
5,939 ft²
5,939
Sq. Ft.
1930
Year Built
2
Stories
241
Days on Market
Description
THE ELIZABETH - PRIME SOUTH BEACH MULTIFAMILY | HIGH-RENT ASSET IN A+ LOCATION. Rare opportunity to acquire a 8-unit multifamily in the heart of South Beach, just steps from Lincoln Road, Flamingo Park, Española Way, and the beach—one of Miami Beach’s strongest rental corridors. 8 updated 1-beds/1-baths, every unit features CENTRAL A/C and IN-UNIT WASHER & DRYER, a rare combination that directly supports above-market rents, low vacancy, and strong tenant demand. 100% Leased. Additional features include impact windows, gated access, and private outdoor space. Fully 40-year recertified and zoned RM-1, this asset offers immediate cash flow with long-term upside in a supply-constrained, lifestyle-driven submarket. Currently generating over $210,000+ in rent, opportunity to add value for even higher rents. Call today for more information.
Facts
- MLS#
- A11940926
- Subdivision
- LINCOLN SUB
- Property Type
- Residential Income
- Property Sub Type
- Quadruplex
- Year Built
- 1930
- Lot Size
- 0 sqft
- Sq. Ft.
- 5,939 ft²
- Sq. Mt.
- 552 m²
- Price per sq. ft.
- $446/ft²
- Price per sq. mt.
- $4,801/m²
- Stories
- 2
- Garage
- —
- Pool
- —
- Days on Market
- 241 days
- Listed
- Jan 12, 2026
- Last Updated
- Sep 10, 2026
- Price/Lot Sq.Ft.
- —
Comparable homes
Same ZIP, similar price + bedrooms.
Market insights for Miami Beach
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
September 2026
64
Median days to sold
+4.5%
1-year price forecast (est.)
Price & tax history
From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).
| 3/27/2026 | Price change | $2,650,000-11.7% |
| 1/12/2026 | Listed for sale | $3,000,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
Estimated Monthly Payment
$16,463/mo
Principal & Interest
$14,104
Property Tax
$2,208
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated within 24 hours
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