$1,810,000list price
Price cut$540,000
0 ba · 3,872 sq ft 2 to 4 units
1791 MARSEILLE DR, MIAMI BEACH, FL 33141
Listing courtesy of Beachfront Realty Inc. MLS# A11987767.On the MLS · Listed Mar 21
$1,990,000
7124 BAY DR, MIAMI BEACH, FL 33141
0 baths4,732 sq ft2 to 4 unitsBuilt 1940
Updated today, November 3, 2026This home against Normandie Sud
$421 per sq ft, 8% under the Normandie Sud median
6 days on the market
$28,380 in property taxes (2025)
Normandie Sud today: 80 homes for sale, median list price $709,500.
About this home
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.
Zoned schools
Elementary: Treasure Island Elementary School
Middle: Miami Beach Nautilus Middle School
High: Miami Beach Senior High School
From Miami-Dade County Public Schools attendance zones.
Near this home
Park: Normandy Isle Park & Pool, 0.1 mi
Grocery: Tropical Supermarket, 0.6 mi
Distances from the center of Normandie Sud, MIAMI BEACH.
Listing courtesy of One Sotheby's International Realty. MLS# A12112742.
Listing information is provided by the MLS and is deemed reliable but not guaranteed.
Listed October 28, 2026.
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