Four-Unit Multifamily
1791 Marseille Dr Miami Beach, FL 33141
1791 Marseille Dr, Miami Beach, FL, 33141
$1,810,000
For Sale
$1,810,000
MULTI_FAMILY - Other - Miami Beach, FL
Property Size3,872 SF
Lot Size0.13 Acres
Price / SF$467.46
Days on Market30
Property Features for 1791 Marseille Dr
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 8
- Rooms
- Bedroom 4, Bedroom 8, Bedroom 1, Bathroom 4, Bedroom 7, Bedroom 6, Bathroom 3, Bathroom 2, Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 2
- Standard status
- Active
- APN
- 02-32-10-017-0360
- Size
- 3,872 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- ISLE OF NORMANDY MIAMI VIEW SEC PART 2 PB 41-75 LOT 2 BLK 32 LOT SIZE 50.000 X 110 OR 20569-0060 07 2002 1
- Tax Annual Amount
- 16992
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1945
- Floors in Building
- 2
- Flooring type
- Wood, Hardwood, Tile, Tile - Ceramic
- Building materials
- Block, Stucco
- Architectural style
- Other
Listing agency
Beachfront Realty Inc
(305) 405-0615
Listed by
Marilina Apfelbaum · License #0662372
(786) 287-3633
Added: Jun 23 Updated: Jul 18 at 1:37AM Checked: Jul 22 at 3:06PM
MLS# A11987767
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 four-unit multifamily property is configured as four spacious 2BD/1BA residences within a total of approximately 3,872 square feet. The offering is presented as well-maintained and designed for straightforward operation with four separate apartment units. The community sits on a 5,500 square foot lot.
The property is located at 1791 Marseille Dr in Miami Beach, Florida, within Normandy Isles. Zoning is listed as RM-1, which can provide flexibility for residential use on a long-term basis.
For buyers or investors looking for a manageable small-balance multifamily asset, the four 2BD/1BA layouts can appeal to a broad base of renters seeking traditional apartment configurations. With RM-1 zoning in place, the property’s residential framework supports continued use as a multi-unit housing option under the established zoning designation.
The property is located at 1791 Marseille Dr in Miami Beach, Florida, within Normandy Isles. Zoning is listed as RM-1, which can provide flexibility for residential use on a long-term basis.
For buyers or investors looking for a manageable small-balance multifamily asset, the four 2BD/1BA layouts can appeal to a broad base of renters seeking traditional apartment configurations. With RM-1 zoning in place, the property’s residential framework supports continued use as a multi-unit housing option under the established zoning designation.
Key Highlights
- 4‑unit multifamily property with four 2BD/1BA units totaling approx. 3,872 SF
- Located on a 5,500 SF lot with RM‑1 zoning
- Built in 1945 with block and stucco construction
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $97.6k | $25.20 |
| − Vacancy | −$5.4k | −$1.39 |
| EGI | $92.2k | $23.81 |
| − OpEx | −$27.7k | −$7.14 |
| NOI | $64.5k | $16.67 |
3,872 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$922.1K
$806.8K – $1.08M
NOI $64,545 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$850.7K
$744.4K – $992.5K
NOI $59,549 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$1.96M
$1.72M – $2.29M
NOI $137,510 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four two-bedroom, one-bath apartments offer a straightforward income-producing setup on an RM-1 zoned lot.
Where is this quadplex located?
The property is located at 1791 Marseille Dr Miami Beach, FL.
What is the asking price?
The asking price for this property is $1,810,000.
What are key features of this property?
This property features: 4‑unit multifamily property with four 2BD/1BA units totaling approx. 3,872 SF; Located on a 5,500 SF lot with RM‑1 zoning; Built in 1945 with block and stucco construction
