Block Quadplex
1949 Marseille Dr, Miami Beach, FL 33141
For Sale
$600,000
Pending
Residential Income, Miami Beach, FL
Property Size3,692 SF
Days on Market246
Property Features for 1949 Marseille Dr
General Information
Property type
Property subtype
Zoning description
Bedrooms
Full bathrooms
Rooms
Parking
Subdivision
Lot features
Special listing conditions
Standard status
APN
Size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
United Realty Group Inc
(954) 450-2000
Listed By:
Roy Sampat · License FL #3223569
(954) 549-4204
Added: Mar 10
Changed: Nov 10
Last Checked: Nov 10 at 7:06AM
MLS# A11900752
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.
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Investment Insights
Based on property information with market context.
This quadplex contains 3,692 square feet within a residential income property constructed in 1941. The building uses block construction, with carpet and tile flooring across the interior, and is topped by a barrel roof.
The property is located at 1949 Marseille Dr in Miami Beach, Florida 33141. Public sewer service is available, along with cable service. The asset is identified as a quadplex within Miami-Dade County.
The property is located at 1949 Marseille Dr in Miami Beach, Florida 33141. Public sewer service is available, along with cable service. The asset is identified as a quadplex within Miami-Dade County.
Key Highlights
- 3,692‑square‑foot quadplex in Miami Beach
- Constructed in 1941 with block materials
- Barrel roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,345
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$866,900
$866.9K
Cap Rate 7%
$619,214
$619.2K
Cap Rate 9%
$481,611
$481.6K
Market Conditions
NOI Build-Up for 3,692 SF
Gross rent
$63.8K $17.28/SF
− Vacancy
−$1.9K −$0.51/SF
EGI
$61.9K $16.77/SF
− OpEx
−$18.6K −$5.03/SF
NOI
$43.3K $11.74/SF
Area
Miami-Dade County, FL
Vacancy
2.94%
Lease Rate
$17.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$866,900
Cap Rate 7%
$619,214
Cap Rate 9%
$481,611
Alternative Uses
Best Use
Apartment 5plus
$818.4K
$716.1K – $954.9K
NOI $57,291 @ 7.0% cap · market cap 9.55%
Second Best
Multifamily LT 5
$619.2K
$541.8K – $722.4K
NOI $43,345 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$2.02M
$1.76M – $2.35M
NOI $141,128 @ 7.0% cap · market cap 23.52%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
929
Businesses Nearby
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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
$434,500
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Miami Beach, FL
Properties on Market for Quadplexes in Miami Beach
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential income property with block construction and public sewer service.
Where is this quadplex located?
The property is located at 1949 Marseille Dr Miami Beach, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 3,692‑square‑foot quadplex in Miami Beach; Constructed in 1941 with block materials; Barrel roof
