Price Reduced 8.37%

$2,190,000 ($462.81 per sqft)

Est. Mortgage $10,787/mo *

Quick Pre-Approval

Price History

$2,390,000
1/7/2026

$2,290,000
2/4/2026

$2,190,000
3/19/2026


7124 Bay Dr, Miami Beach, FL, 33141

7124 Bay Dr, Miami Beach, FL, 33141

1940

Fourplex

4,732 sqft

Exceptional Turnkey Investment Opportunity in Miami Beach Fully leased 8-unit multifamily property offering strong income and long-term upside. The building comprises 4 studios and 4 1BD/1BA units, all well-maintained. Property highlights include: impact windows throughout, split A/C units in every apartment, full kitchens and updated bathrooms, and upgraded electrical and plumbing systems. Succesffully Completed 40-years certification. The property offers a compelling opportunity to optimize future rent in one of Miami Beach’s most sought-after neighborhoods. Highly desirable Normandy Isles neighborhood, minutes to the beach, public transportation, shops, restaurants, and major Miami destinations. High rental demand and low vacancy area.The neighborhood is transitioning from a somewhat quiet into a vibrant, upscale, and highly desirable upcoming luxury community


Status:

Active

Type:

Multi-family

Zoning:

4800

Subdivision:

OCEAN SIDE SEC-ISLE OF NO

Heating:

Central

Cooling:

Ceiling Fan(s)

Parking:

5250-car

Est. Taxes:

$28,380

Construction

Block

Utilities

Cable Available

Lot Description:

< 1/4 Acre

Days on Market:

71

Pool:

None

MLS #:

A11922740


Community Info

School Info

Walk Score

Yelp


Listing courtesy of ONE SOTHEBY'S INTERNATIONAL REALTY 305-935-0300