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8135 Crespi Blvd, Miami Beach FL 33141

Multi-family For Sale
$1,585,000

BTC: 26.63865546

ETH: 1,022.58064516

-$15K (2026/03/26)
141 days
Waterfront
0 room(s)
3,510 sqft

Overview

This exceptional waterfront multifamily property is ideally located in prime Miami Beach, offering residents highly desirable coastal living with direct proximity to the water. The building consists of five (5) 1-bedroom, 1-bathroom units, all of which are fully occupied, providing immediate and stable cash flow. The property is currently generating $8,300 in monthly rental income, presenting investors with strong in-place revenue and long-term investment stability. Its premier waterfront location offers tenants convenient access to Miami Beach’s renowned beaches, parks, dining, shopping, and entertainment, while still maintaining a quiet and desirable residential atmosphere. With its irreplaceable waterfront setting, strong occupancy, and location within one of South Florida’s most sought-after rental markets, this property represents an outstanding opportunity for investors seeking a stable, income-producing asset with long-term appreciation potential.

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1950
Lot:
No Data
Heating:
Gas
Price/sqft:
$452
Cooling:
Wall/Window Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,318,750
$589K – $1.7M
Confidence Low
List vs. estimate
$266K above estimate
List $1,585,000 · +20.2%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$451
-0.4% vs. city median $453
Based on
8 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $693K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$19,203
2025
Waterfront
Canal Front
All facts and features
  • Flooring

    • Terrazzo

    • Tile

    Heating

    • Gas

    Cooling

    • Wall/Window Unit(s)

  • Other Property Information

    • Parcel Number: 02-32-02-008-2150

    • Zoning: 3900

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Other financial information

    • Annual tax amount: $19,203

  • Source details

    • MLS ID: A11958236

    Other facts

    • Construction Materials: CBS Construction

    • Lot Features: 1/4 To Less Than 1/2 Acre Lot

    • Architectural Style: Detached

    • Waterfront: Yes

    • Living Area: 3510

    • Subdivision Name: BISCAYNE BCH SUB

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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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-present 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. Listing courtesy of: Silmar Realty