Turnkey 4-Plex
1910 and 1920 Biarritz Dr Miami Beach, FL 33141
1910 and 1920 Biarritz Dr, Miami Beach, FL, 33141
$2,650,000
For Sale
$2,650,000
MULTI_FAMILY - Other - Miami Beach, FL
Property Size5,764 SF
Price / SF$459.75
Days on Market308
Property Features for 1910 and 1920 Biarritz Dr
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 8
- Rooms
- Bathroom 3, Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 5, Bedroom 1, Bathroom 2, Bathroom 4, Bathroom 5, Bathroom 7, Bedroom 3, Bedroom 7, Bathroom 8, Bathroom 6, Bedroom 4, Bedroom 8
- Window features
- Blinds
- Patio and Porch features
- Patio
- Exterior features
- Balcony, Patio, Room For Pool
- Standard status
- Active
- APN
- 02-32-10-002-0960
- Size
- 5,764 SF
Taxes and HOA fees
- Tax Year
- 2022
- Tax Description
- 02-3210-002-0960 AND 02-3210-002-0950
- Tax Annual Amount
- 29486
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central, Wall Furnace
- Cooling system
- Wall/Window Unit(s), Window Unit(s), Central Air
Building Details
- Year built
- 1948
- Floors in Building
- 2
- Flooring type
- Tile, Hardwood, Wood
- Building materials
- Block
- Roof type
- Shingle
- Architectural style
- Other
Listing agency
Howard Chase Real Estate, LLC
(305) 532-7470
Listed by
Howard Chase · License #3175255
(786) 566-3505
Added: Sep 17, 2025 Updated: Jul 18 at 1:40AM Checked: Jul 21 at 7:06PM
MLS# A11319397
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.
The property consists of two contiguous lots being sold together, each with a turnkey 4-plex already in place. Across both sites there are 8 total units, and the offering is described as all 1 bedroom and 1 bath. The remarks also indicate the combined sites support a potential vertical development concept, described as a 5-story building with 18 or more units, including parking and a pool depending on the final design configuration.
The lots are positioned one block from the bay and are identified as being in the Normandy Isle area of Miami Beach. The public remarks further state the location is steps from Normandy Isle Park and a nearby golf course, with multi-million dollar waterfront homes in the surrounding area, and that essential retail and services such as Walgreens and Publix are within minutes. The beach is also described as just minutes away.
For buyers and operators, this structure offers an immediate income-producing setup via two separate turnkey four-plexes, while also presenting a redevelopment path centered on the combined lot depth. The continuity of the parcels supports planning flexibility, whether your goal is to maintain the existing 1-bedroom, 1-bath configuration or pursue a redevelopment concept described in the offering materials. For offer instructions, the listing directs buyers to call the listing broker.
The lots are positioned one block from the bay and are identified as being in the Normandy Isle area of Miami Beach. The public remarks further state the location is steps from Normandy Isle Park and a nearby golf course, with multi-million dollar waterfront homes in the surrounding area, and that essential retail and services such as Walgreens and Publix are within minutes. The beach is also described as just minutes away.
For buyers and operators, this structure offers an immediate income-producing setup via two separate turnkey four-plexes, while also presenting a redevelopment path centered on the combined lot depth. The continuity of the parcels supports planning flexibility, whether your goal is to maintain the existing 1-bedroom, 1-bath configuration or pursue a redevelopment concept described in the offering materials. For offer instructions, the listing directs buyers to call the listing broker.
Key Highlights
- Two contiguous lots totaling 13,324 SF, each with a 4‑plex (8 units total)
- All 8 units are 1 bed / 1 bath; each lot features its own 4‑plex structure
- Exterior includes balcony and patio, plus room for pool
Local 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 | $145.3k | $25.20 |
| − Vacancy | −$8.0k | −$1.39 |
| EGI | $137.3k | $23.81 |
| − OpEx | −$41.2k | −$7.14 |
| NOI | $96.1k | $16.67 |
5,764 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.37M
$1.20M – $1.60M
NOI $96,085 @ 7.0% cap · market cap 3.63%
Second Best
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $88,646 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$2.92M
$2.56M – $3.41M
NOI $204,702 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Two contiguous lots each featuring a turnkey four-plex with 1-bedroom, 1-bath units for a combined 8-unit income stream.
Where is this quadplex located?
The property is located at 1910 and 1920 Biarritz Dr Miami Beach, FL.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Two contiguous lots totaling 13,324 SF, each with a 4‑plex (8 units total); All 8 units are 1 bed / 1 bath; each lot features its own 4‑plex structure; Exterior includes balcony and patio, plus room for pool
