Quadruplex for sale

$7,000,000

1355 Drexel AveMiami Beach, FL 33139

  • 816 Sq ft
  • 2009 Built

About this home

Turnkey 18-unit short-term rental opportunity in the heart of Miami Beach—just steps from Ocean Drive, Collins Avenue, and Lincoln Road. This prime location offers unrivaled access to the area’s top dining, entertainment, and beachfront attractions. With legal short-term rental zoning and a proven operational track record, the property stands out as a secure, scalable investment in a market where compliant STR assets are increasingly rare.

Each unit features a full kitchen, in-unit or onsite laundry, Wi-Fi/cable, and modern interior finishes designed to meet the expectations of today’s short-term traveler. The building has been consistently maintained and optimized for both remote and on-site management, supporting steady year-round occupancy and above-market ADRs. With strict regulations limiting new STR supply and tourism demand in Miami Beach continuing to grow, 1355 Drexel Ave presents investors with a resilient, high-yield cash-flow asset backed by strong underlying real estate fundamentals.

Details

MLS #
A11929268
Property type
Quadruplex
Status
Active
Days on market
177
Neighborhood
SOBE VILLAGE CONDO
County
Miami-Dade County
Property taxes
$111,703 (2025)
Waterfront
No
Private pool
No
Cooling
Central Air

Location

Estimated payment

$44,704/mo with 20% down at 6.5% for 30 years, including taxes, before insurance.

Adjust in the mortgage calculator

Listing courtesy of Compass Florida, LLC · Arthur Porosoff. Listing last updated May 12, 2026 5:44 PM.

REALTOR® and MLS logo

The multiple listing information is provided by the MIAMI Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 MIAMI Association of REALTORS®. All rights reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Data last updated October 25, 2026 7:19 AM.

Like a property?

Call or text Edward Ferenczi at 786-556-6446

Buying Florida real estate has never been easier.