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    830 W 40Th St Miami Beach, FL 33140

    For Sale
    $1,450,000

    Fully occupied 4-unit building plus efficiency in prime Miami Beach.

    Building Details

    Year built
    1936

    Source: InterConnect Realty LLC Agent Michael Maakar

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Miami Beach Multifamily Investment Opportunity

    Located at 830 W 40th Street in Miami Beach, this property presents an investment opportunity. It is a fully occupied 4-unit multi-family building with an additional efficiency. The units feature modern, sunlit interiors and spacious layouts. The property is situated in the heart of Miami Beach, steps from Arthur Godfrey and Alton Road, with convenient access to schools, cafes, dining, shopping, houses of worship, Mt. Sinai Medical Center, Lincoln Road, and the Convention Center. The location provides access to both Mid Beach and South Beach. The units are designed to capture the tropical charm and elegance of Miami, making them suitable for long-term rentals.
    Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.134238
    Latitude
    25.812629

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    FAQs

    What type of property is this?
    Quadplex - Fully occupied 4-unit building plus efficiency in prime Miami Beach.
    Where is this quadplex located?
    The property is located at 830 W 40Th St Miami Beach, FL.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: - Fully occupied 4-unit multi-family building plus a bonus efficiency unit.; - Prime Miami Beach location near Arthur Godfrey and Alton Road.; - Ideal for long-term rentals with potential for high returns.
    (786) 449-6455
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    830 W 40Th St Miami Beach, FL 33140
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