Back to Search
Turnkey 4-Plex Portfolio

1910 and 1920 Biarritz Dr Miami Beach, FL 33141

1910 and 1920 Biarritz Dr, Miami Beach, FL, 33141
$2,650,000
For Sale
Claim this Listing
$2,650,000

MULTI_FAMILY - Other - Miami Beach, FL

Property Size5,764 SF
Price / SF$459.75
AddedSep 17, 2025
Days on Market303
Last RefreshJul 16 at 12:06 pm

Property Features for 1910 and 1920 Biarritz Dr

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Rooms
Bathroom 4, Bathroom 1, Bedroom 5, Bedroom 4, Bedroom 8, Bathroom 6, Bathroom 2, Bathroom 8, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 5, Bedroom 2, Bedroom 7, Bathroom 7, Bedroom 6
Window features
Blinds
Patio and Porch features
Patio
Exterior features
Balcony, Patio, Room For Pool
Standard status
Active
APN
02-32-10-002-0960
Size
5,764 SF

Taxes and HOA fees

Tax Year
2022
Tax Description
02-3210-002-0960 AND 02-3210-002-0950
Tax Annual Amount
29486

Utilities

Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Wall Furnace, Central
Cooling system
Wall/Window Unit(s), Central Air, Window Unit(s)

Building Details

Year built
1948
Floors in Building
2
Flooring type
Wood, Tile, Hardwood
Building materials
Block
Roof type
Shingle
Architectural style
Other

Listing agent Howard Chase License #3175255

Listing office Howard Chase Real Estate, LLC 1354 Washington Ave. Suite 220, MIAMI BEACH, FL

Listing date Sep 17, 2025

MLS# A11319397 Listing URL

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.

The property consists of two contiguous lots being sold together, each with a turnkey 4-plex already in place. Across both sites there are 8 total units, and the offering is described as all 1 bedroom and 1 bath. The remarks also indicate the combined sites support a potential vertical development concept, described as a 5-story building with 18 or more units, including parking and a pool depending on the final design configuration.

The lots are positioned one block from the bay and are identified as being in the Normandy Isle area of Miami Beach. The public remarks further state the location is steps from Normandy Isle Park and a nearby golf course, with multi-million dollar waterfront homes in the surrounding area, and that essential retail and services such as Walgreens and Publix are within minutes. The beach is also described as just minutes away.

For buyers and operators, this structure offers an immediate income-producing setup via two separate turnkey four-plexes, while also presenting a redevelopment path centered on the combined lot depth. The continuity of the parcels supports planning flexibility, whether your goal is to maintain the existing 1-bedroom, 1-bath configuration or pursue a redevelopment concept described in the offering materials. For offer instructions, the listing directs buyers to call the listing broker.

Key Highlights

  • Two contiguous lots totaling 13,324 SF, each with a 4‑plex (8 units total)
  • All 8 units are 1 bed / 1 bath
  • Exterior features include a balcony and patio, plus room for a pool

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 $145.3k $25.20
− Vacancy −$8.0k −$1.39
EGI $137.3k $23.81
− OpEx −$41.2k −$7.14
NOI $96.1k $16.67
5,764 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$1.37M
$1.20M – $1.60M (±1% cap)
NOI $96,085 @ 7.0% cap · market cap 3.63%
Second Best
Apartment 5plus
$1.27M
$1.11M – $1.48M (±1% cap)
NOI $88,646 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$2.92M
$2.56M – $3.41M (±1% cap)
NOI $204,702 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Building Supply Locksmith (Bike/Boat/Book/etc) Store Garden Center Storage Facility Food Market (Bike/Boat/Book/etc) Store Big Box & Wholesale Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Quadplex - Two contiguous lots each featuring a turnkey four-plex with 1-bedroom, 1-bath units for a combined 8-unit income stream.
Where is this quadplex located?
The property is located at 1910 and 1920 Biarritz Dr Miami Beach, FL.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Two contiguous lots totaling 13,324 SF, each with a 4‑plex (8 units total); All 8 units are 1 bed / 1 bath; Exterior features include a balcony and patio, plus room for a pool
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message