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Fourplex Short-Term Rental Property
For Sale
Contact for pricing
Pending

1620 Bay Rd, Miami Beach, FL 33139

Licensed and approved fourplex short-term rental with fully renovated 2-bed, 2-bath units and new appliances.

Property SizeContact for details
Days on Market118

Property Features for 1620 Bay Rd

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: Cushman & Wakefield - Miami, Florida
Listed By: Alain Crego · License #3450811
Source: Crexi
Added: Apr 11 Changed: Jul 21 Last Checked: Aug 6 at 8:13AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield - Miami, Florida

Investment Insights

Based on property information with market context.

This four-plex is approved and licensed to operate as a short-term rental in accordance with the DBPR. The property has been completely renovated and is currently fully operational. All four units feature a 2-bedroom, 2-bathroom layout with brand new appliances and a Nest A/C system. The downstairs unit(s) include a patio area, while the upstairs units have balconies.

Located in the heart of South Beach, the property is about one block from Lincoln Road Mall and the Intercostal Bay.

The configuration is designed around consistent unit layouts and updates throughout, supporting an owner’s ability to operate the building under its existing short-term rental licensing.

Key Highlights

  • Licensed and approved short‑term rental fourplex per DBPR (legal)
  • Completely renovated fourplex in South Beach, one block from Lincoln Road Mall and the Intercostal Bay
  • All units feature 2 bedrooms and 2 bathrooms layouts

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Restaurant Pet Grooming Service Plumbing Service Veterinary Clinic

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

Location Intelligence

Trade Area within ½ mile

4,907
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
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Frequently Asked Questions

What type of property is this?
Short term rental property - Licensed and approved fourplex short-term rental with fully renovated 2-bed, 2-bath units and new appliances.
Where is this short term rental property located?
The property is located at 1620 Bay Rd Miami Beach, FL.
What are key features of this property?
This property features: Licensed and approved short‑term rental fourplex per DBPR (legal); Completely renovated fourplex in South Beach, one block from Lincoln Road Mall and the Intercostal Bay; All units feature 2 bedrooms and 2 bathrooms layouts
(305) 900-3063 Call to check price and availability
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