4-Unit
For Sale
$1,810,000
1791 Marseille Dr, Miami Beach, FL 33141
Residential Income, Miami Beach, FL
Property Size3,872 SF
Lot Size0.13 Acres
Price / SF$467.46
Days on Market114
Property Features for 1791 Marseille Dr
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
3900
Bedrooms
8
Full bathrooms
4
Rooms
Bedroom 8, Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 6, Bathroom 3, Bathroom 1, Bedroom 7, Bedroom 2, Bedroom 5, Bathroom 4, Bathroom 2
Subdivision
ISLE OF NORMANDY MIAMI VI
Lot features
Flood Zone, < 1/4 Acre
Standard status
Active
APN
02-32-10-017-0360
Size
3,872 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ISLE OF NORMANDY MIAMI VIEW SEC PART 2 PB 41-75 LOT 2 BLK 32 LOT SIZE 50.000 X 110 OR 20569-0060 07 2002 1
Tax Annual Amount
16992
Legal Description
ISLE OF NORMANDY MIAMI VIEW SEC PART 2 PB 41-75 LOT 2 BLK 32 LOT SIZE 50.000 X 110 OR 20569-0060 07 2002 1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1945
Floors in Building
2
Flooring type
Hardwood, Wood, Tile - Ceramic, Tile
Building materials
CBS (Concrete Block Structure), Block, Stucco
Architectural style
Other
Listing Agency:
Beachfront Realty Inc
(305) 405-0615
Listed By:
Marilina Apfelbaum · License #0662372
(786) 287-3633
Added: Jun 23
Changed: Oct 14
Last Checked: Oct 14 at 10:06AM
MLS# A11987767
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1945, this quadplex contains four two-bedroom, one-bathroom residences within approximately 3,872 square feet. The property occupies a 5,500-square-foot lot and has RM-1 zoning. Construction includes concrete block and stucco, while interior finishes include hardwood and ceramic tile flooring.
Central heating and air conditioning serve the building. Public sewer is available, along with cable service. The property is in Miami Beach, with the beach, Normandy Fountain, shops, and dining described as a short drive away.
Central heating and air conditioning serve the building. Public sewer is available, along with cable service. The property is in Miami Beach, with the beach, Normandy Fountain, shops, and dining described as a short drive away.
Key Highlights
- Four residences, each configured with 2 bedrooms and 1 bathroom
- Approximately 3,872 square feet of building area
- 5,500‑square‑foot lot with RM‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,545
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,290,900
$1.3M
Cap Rate 7%
$922,071
$922.1K
Cap Rate 9%
$717,167
$717.2K
Market Conditions
NOI Build-Up for 3,872 SF
Gross rent
$97.6K $25.20/SF
− Vacancy
−$5.4K −$1.39/SF
EGI
$92.2K $23.81/SF
− OpEx
−$27.7K −$7.14/SF
NOI
$64.5K $16.67/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,290,900
Cap Rate 7%
$922,071
Cap Rate 9%
$717,167
Alternative Uses
Best Use
Multifamily LT 5
$922.1K
$806.8K – $1.08M
NOI $64,545 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$850.7K
$744.4K – $992.5K
NOI $59,549 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$1.96M
$1.72M – $2.29M
NOI $137,510 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,080
Businesses Nearby
Explore this area
Business Placement
Demographics for 33141, FL
35,995
Population
21,793
Households
1.7
Avg Household Size
44
Median Age
44%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
15,650
Density / Sq Mi
$64,457
Median Household Income
$36,899
Median Earnings
$1,739
Median Rent
$434,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has two bedrooms and one bathroom, with central heating and air conditioning.
Where is this quadplex located?
The property is located at 1791 Marseille Dr Miami Beach, FL.
What is the asking price?
The asking price for this property is $1,810,000.
What are key features of this property?
This property features: Four residences, each configured with 2 bedrooms and 1 bathroom; Approximately 3,872 square feet of building area; 5,500‑square‑foot lot with RM‑1 zoning
