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Quadruplex
2945 Coconut Ave
Miami, FL 33133
$2,800,000
- Sq ft
- 3,500
- Year built
- 2008
- Price per sq ft
- $800
Listing courtesy of Adam Kutner, Grove Town Properties, Inc.
About this home
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.
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.
Details
Property
- Type
- Quadruplex
- Style
- Attached
- Building
- Fourplex
- Year built
- 2008
- Stories
- 3
- Building name
- PALM TERRACE
- Subdivision
- PALM TERRACE
- County
- Miami-Dade County
- Flood zone
- X
Interior
- Flooring
- Tile
- Cooling
- Central Air
- Heating
- Central
Exterior and parking
- Construction
- CBS Construction
- Roof
- Flat Tile
Community and fees
- Annual taxes
- $35,354
- Terms
- All Cash, Conventional
Neighborhood
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The data relating to real estate for sale or lease on this website comes in part from the Internet Data Exchange (IDX) program of MIAMI REALTORS® MLS. Listings are provided by participating brokers.
Information is deemed reliable but is not guaranteed and should be independently verified. It is subject to change and is provided for consumers’ personal, non-commercial use only, to identify properties they may be interested in. Listing last updated September 23, 2026.