South Beach Multifamily Investment
For Sale
$4,450,000
1335 Drexel Ave, Miami Beach, FL 33139
8-unit multifamily property in prime South Beach location.
Property SizeContact for details
Days on Market106
Property Features for 1335 Drexel Ave
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1939
Listing Agency:
Douglas Elliman
(305) 915-4854
Listed By:
Marion Ott · License #0617981
(305) 915-4854
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Aug 7 at 6:11AM
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 Douglas Elliman
Investment Insights
Based on property information with market context.
This is an opportunity to acquire an 8-unit multifamily property located in South Beach. The property features large 1-bedroom/1-bath units and the potential to convert into 12 units. The location is a short walk to Collins Avenue, Espanola Way, and Lincoln Road, and two blocks from the beach. The property presents a unique investment opportunity with the potential for hotel use or short-term rentals, offering flexibility for investors. There is strong upside potential with the possibility to operate as a hotel or obtain a short-term rental license, making this a compelling income-producing opportunity. The bike score is 77, indicating it is very bikeable. The walk score is 95, indicating it is a walker's paradise. The transit score is 59, indicating good transit.
Key Highlights
- Prime South Beach location, just two blocks from the beach, near Collins Avenue, Espanola Way, and Lincoln Rd.
- Rare 8‑unit multifamily property with potential to convert into 12 units.
- Unique investment opportunity with potential for hotel use or short‑term rentals.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
8,301
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 8-unit multifamily property in prime South Beach location.
Where is this apartment building located?
The property is located at 1335 Drexel Ave Miami Beach, FL.
What is the asking price?
The asking price for this property is $4,450,000.
What are key features of this property?
This property features: Prime South Beach location, just two blocks from the beach, near Collins Avenue, Espanola Way, and Lincoln Rd.; Rare 8‑unit multifamily property with potential to convert into 12 units.; Unique investment opportunity with potential for hotel use or short‑term rentals.
