Quadruplex

7124 Bay Dr

7124 Bay Dr, Miami Beach FL 33141 Get directions

$1,990,000

For Sale New — listed today

4,732 SqFt

See estimated monthly cost

This listing is courtesy of One Sotheby's International Realty. Brigitte Lina

Overview

PRIME MIAMI BEACH INVESTMENT OPPORTUNITY! FULLY LEASED 8-UNIT MULTIFAMILY WITH IMMEDIATE CASH FLOW AND SIGNIFICANT UPSIDE POTENTIAL! Located in the highly desirable Normandy Isles neighborhood, this income-producing property offers an exceptional mix of stable rental income, a prime location, and value-add potential. Featuring 4 oversized studios (approx. 500 SF each) and 4 spacious 1-bedroom/1-bathroom residences (approx. 600 SF each), the property is fully occupied and well maintained. Key improvements include impact windows throughout, upgraded plumbing systems, individual split A/C units, and freshly painted interiors. The 40-year certification is complete. THE OPPORTUNITY: CAPITALIZE ON EXISTING CASH FLOW WHILE UNLOCKING FUTURE RENTAL GROWTH! With several units already refreshed and additional opportunities for strategic improvements, investors can potentially increase rental income, maximize NOI, and enhance long-term asset value. Ideally situated minutes from Miami Beach's beautiful beaches, shopping, dining, and new luxury projects such as Pagani, Continuum Club & Residence, Tula, and Shoma Bay. This prime location benefits from strong tenant appeal and convenient access to everything Miami has to offer. 8 UNITS. 100% OCCUPIED. IMMEDIATE INCOME. VALUE-ADD POTENTIAL. PRIME MIAMI BEACH LOCATION.

Facts & features

Interior

Living area (sq ft): 4,732

Stairs

Building & exterior

Year built: 1940

Taxes

Annual tax: $28,380
Tax year: 2025
Parcel number: 02-32-10-013-0320

Listing

MLS number: A12112742
Property type: Quadruplex
Price per SqFt: $421
Subdivision: OCEAN SIDE SEC-ISLE OF NO,ISLE OF NORMANDY
On market since: Oct 30, 2026
Days on market: 0

Estimated monthly cost

$13,920 per month

Down payment (%)

Interest rate (%)

Principal & interest (30 yr): $10,063
Property tax: $2,365
Insurance (estimated): $1,493

An estimate for comparison only — not a loan offer, a quote, or a commitment to lend. Actual taxes, insurance and financing terms will differ.

Location

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Nearby schools

Le Petit Papillon Montessori School Private · PK-5 · 0.16 mi
Kid''s Choice Learning Center - Miami Beach Private · PK-02 · 0.21 mi
Gan Katan Private · KG-03 · 0.22 mi
Happy Kids Private School Private · PK-03 · 0.32 mi
Biscayne Beach Elementary Public · PK-5 · 0.38 mi
Lehrman Community Day School Private · PK-05 · 0.43 mi
Kinderland 4 Kids I Private · PK-01 · 0.54 mi
Yeshiva Elementary School Private · PK-05 · 0.58 mi
Lincoln-Marti Community Agency 71 Private · PK-03 · 0.97 mi

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