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18-Unit Short-Term Rental Property
For Sale
$7,000,000

1355 Drexel Ave, Miami Beach, FL 33139

Residential Income, Miami Beach, FL

Property Size816 SF
Price / SF$8,578
Days on Market111

Property Features for 1355 Drexel Ave

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Zoning description 6400
Parking 2
Subdivision SOBE VILLAGE CONDO
Lot features < 1/4 Acre
Standard status Active
APN 02-32-34-183-0120
Size 816 SF

Taxes and HOA fees

Tax Year 2025
Tax Description SOBE VILLAGE CONDO UNIT 4 BLDG 1355 UNDIV 7.96% INT IN COMMON ELEMENTS OFF REC 24443-2198
Tax Annual Amount 111703
Legal Description SOBE VILLAGE CONDO UNIT 4 BLDG 1355 UNDIV 7.96% INT IN COMMON ELEMENTS OFF REC 24443-2198

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Central
Cooling system Central Air

Amenities

full kitchen
in-unit or onsite laundry
Wi-Fi/cable
modern interior finishes

Building Details

Year built 2009
Floors in Building 2
Flooring type Concrete
Building materials Block
Roof type Flat, Tile
Architectural style Other
Listing Agency: Compass Florida, LLC
Listed By: Arthur Porosoff · License #3160379
Added: May 12 Changed: Aug 26 Last Checked: Aug 30 at 7:06PM
MLS# A11929268

Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 18-unit short-term rental property in Miami Beach was built in 2009 with block construction, concrete flooring, central heating, central air, tile and flat roofing, and access to cable service. Individual units include full kitchens, while laundry is available either within the units or onsite. Modern interior finishes, Wi-Fi, and cable service support short-term guest accommodation.

The property is located on Drexel Ave near Ocean Drive, Collins Avenue, and Lincoln Road, placing it within the Miami Beach setting identified in the listing. Public sewer service is in place, and the property is described as operating under legal short-term rental zoning. The source information also identifies both remote and on-site management capabilities.

Key Highlights

  • 18‑unit short‑term rental property
  • Legal short‑term rental zoning
  • Built in 2009 with block construction

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Butcher (Bike/Boat/Book/etc) Store Restaurant Nursing Home Adult Day Care Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

18
Residential units

Location Intelligence

Trade Area within ½ mile

8,301
Businesses Nearby

Demographics for 33139, FL

36,286
Population
30,166
Households
1.2
Avg Household Size
43
Median Age
53%
College-Educated
89%
High-School Grad
2.8 sq mi
ZIP Area
12,959
Density / Sq Mi
$63,368
Median Household Income
$48,608
Median Earnings
$1,745
Median Rent
$480,500
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Short term rental property - Each unit includes a full kitchen, with laundry access, Wi-Fi, cable, and updated interior finishes.
Where is this short term rental property located?
The property is located at 1355 Drexel Ave Miami Beach, FL.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: 18‑unit short‑term rental property; Legal short‑term rental zoning; Built in 2009 with block construction
More about this property
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