Miami Beach Quadplex Corner
1460 E West Ave Miami Beach, FL 33139
For Sale
Contact for pricing
Four-unit corner residential income property with impact windows, central AC, and private front and rear entrances for each unit.
Property Size5,628 SF
Price / SF$318.23
Days on Market56
Property Features for 1460 E West Ave
General Information
- Standard status
- Active
- Size
- 5,628 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1947
Listing Agency:
Coldwell Banker Realty
Listed By:
Elissa Lithman · License #3292973
Source:
Crexi
Added: May 29
Changed: Jul 22
Last Checked: Jul 22 at 6:40AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This boutique four-unit quadplex features 1947 Miami Modern (MiMo) inspired architecture and oversized two-bedroom, two-bath residences. Each unit offers expansive living space with large dine-in kitchens, a flexible Florida room with banks of windows, and private front and rear entrances. Corner configurations include two top-floor units and one first-floor unit, and the property also includes a communal garden at the rear. On-site parking is provided at approximately one space per unit.
Improvements include a roof installed about 10 years ago, 40-year recertification, impact windows throughout, updated electrical and plumbing, tankless water heaters, and central AC in each unit. One comparable unit in the building recently leased for $3,150 per month, and two units are currently occupied on month-to-month terms with one unit vacant.
The property is located on East West Ave in Miami Beach and is positioned minutes from the beach, parks, cafés, restaurants, and shopping. Showings are available by appointment only with 24 hours’ notice, and units may be available for individual sale.
Improvements include a roof installed about 10 years ago, 40-year recertification, impact windows throughout, updated electrical and plumbing, tankless water heaters, and central AC in each unit. One comparable unit in the building recently leased for $3,150 per month, and two units are currently occupied on month-to-month terms with one unit vacant.
The property is located on East West Ave in Miami Beach and is positioned minutes from the beach, parks, cafés, restaurants, and shopping. Showings are available by appointment only with 24 hours’ notice, and units may be available for individual sale.
Key Highlights
- 1947‑built, four‑unit corner MiMo building with three oversized 2 bed/2 bath residences (each just under 1,200 SF)
- Impact windows throughout plus central AC in each unit and tankless water heaters
- Each residence has large dine‑in kitchen space and private front and rear entrances
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 | $141.8k | $25.20 |
| − Vacancy | −$7.8k | −$1.39 |
| EGI | $134.0k | $23.81 |
| − OpEx | −$40.2k | −$7.14 |
| NOI | $93.8k | $16.67 |
5,628 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.34M
$1.17M – $1.56M
NOI $93,818 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$1.24M
$1.08M – $1.44M
NOI $86,555 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$2.86M
$2.50M – $3.33M
NOI $199,873 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four-unit corner residential income property with impact windows, central AC, and private front and rear entrances for each unit.
Where is this quadplex located?
The property is located at 1460 E West Ave Miami Beach, FL.
What is the asking price?
The asking price for this property is $1,791,000.
What are key features of this property?
This property features: 1947‑built, four‑unit corner MiMo building with three oversized 2 bed/2 bath residences (each just under 1,200 SF); Impact windows throughout plus central AC in each unit and tankless water heaters; Each residence has large dine‑in kitchen space and private front and rear entrances
