Quadruplex
2945 Coconut Ave
2945 Coconut Ave, Miami FL 33133
$2,800,000
3,500 SqFt
See estimated monthly costThis listing is courtesy of Grove Town Properties, Inc.. Adam Kutner
Overview
Exceptional investment opportunity in highly desirable Coconut Grove! This well-maintained fourplex features four spacious 2-bedroom, 1.5-bathroom units (875 Square Feet per unit), each offering a private patio as well as an exclusive rooftop terrace—an uncommon and highly desirable feature for star gazers. The gated property provides secure access and includes parking for two vehicles per unit. Each unit has its own separate folio number, creating a rare opportunity for a potential condo conversion or flexible ownership structure. All units are currently occupied by long-term tenants, providing immediate income, with rents currently below market rates and strong upside potential for increased revenue. Ideally located near the parks, marinas, dining, shopping, and waterfront lifestyle that make Coconut Grove one of Miami’s most sought-after neighborhoods, this property offers both stable cash flow and long-term appreciation potential. DO NOT DISTURB TENANTS. Showings by appointment only after executed contract.
Facts & features
Interior
- Living area (sq ft)
- 3,500
Building & exterior
- Year built
- 2008
HOA (homeowners association)
- Association fee
- $0 per month
Taxes
- Annual tax
- $35,354
- Tax year
- 2025
- Parcel number
- 01-41-16-166-0001
Listing
- MLS number
- A11977562
- Property type
- Quadruplex
- Price per SqFt
- $800
- Subdivision
- PALM TERRACE
- On market since
- Mar 9, 2026
- Days on market
- 198
Estimated monthly cost
$19,204 per month
- Principal & interest (30 yr)
- $14,158
- Property tax
- $2,946
- Insurance (estimated)
- $2,100
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
Nearby schools
- Coconut Grove Montessori Preschool & Elementary School
- Mater Brickell Preparatory Academy
- Mater Grove Academy
- Coconut Grove Montessori School Toddler Campus
- Silver Bluff Elementary
- Coconut Grove Elementary
- MCA Academy II
- Meni Ninho Meni Ninha School
- English Center
- St Stephen''s Episcopal Day School
- BridgePrep Academy of Arts & Minds (BAAM)
- Brito Miami Private School
- Future Leaders Academy of Miami
- Ransom Everglades Middle School
- Pineview Preschools Douglas Rd
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