South Beach Renovated
For Sale
$2,895,000
1622 Bay Rd, Miami Beach, FL 33139
Fourplex in prime location, renovated, with short-term leasing potential.
Property Size4,042 SF
Price / SF$716.23
Days on Market636
Property Features for 1622 Bay Rd
General Information
Standard status
Active
Size
4,042 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$9,343
Building Details
Year Built
1950
Listing Agency:
Brown Harris Stevens
(305) 666-1800
Listed By:
Lisa Van Wagenen · License #0678702
(305) 495-8417
Source:
Exitrealty
Added: Dec 12, 2024
Changed: Sep 8
Last Checked: Jul 16 at 8:14AM
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 Brown Harris Stevens
Investment Insights
Based on property information with market context.
This fourplex is located in South Beach, a few blocks from Sunset Harbour and Lincoln Road. The building, zoned for short term leasing, was fully renovated in 2005 and has had continual updates. It features four parking spaces, full gating, security lighting, and central AC. The property consists of two 3-bedroom, 2-bathroom units and two 2-bedroom, 1-bathroom units. One of the two-bedroom units includes a newly rebuilt outdoor deck. Recertification was completed in 2020. The property is currently being leased on a long-term basis.
Key Highlights
- Zoned for short term leasing
- Prime South Beach location near Sunset Harbour and Lincoln Road
- Four units: two 3bd/2ba and two 2bd/1ba
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,907
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?
Quadplex - Fourplex in prime location, renovated, with short-term leasing potential.
Where is this quadplex located?
The property is located at 1622 Bay Rd Miami Beach, FL.
What is the asking price?
The asking price for this property is $2,895,000.
What are key features of this property?
This property features: Zoned for short term leasing; Prime South Beach location near Sunset Harbour and Lincoln Road; Four units: two 3bd/2ba and two 2bd/1ba
