All listings
Active
Active1 / 40
Photo 1 of 40
Condominium
$380,000$458 / sqft
1881 Washington Avenue # 2g, Miami Beach FL 33139
Listed
2
Bedrooms
1
Bathrooms
830 sqft
Interior
1966
Year built
$1,087 / mo
HOA
Condominium
Type
About this home
Elegant and furnished 2 bedroom 1 bath condo available for sale in the sought after Octagon Towers Building in the heart of Miami Beach. Unit features a split bedroom concept with each bedroom on opposite sides of the unit and the bathroom and kitchen in the middle. Unit has great natural light, stainless steel steel appliances, and ample space. 24/7 front desk security, on-site mgmt & secure parking. Pet friendly. Short-term rentals (30 days min.) allowed. In Hotel Zoning District. Generate income when not using the unit. Amenities include a pool, sauna, gym, common laundry. Prime location in Miami Beach! Tenant Occupied.
Features
- Lobby
- Other
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$3,008
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $1,921
- HOA
- $1,087 / mo
Illustration only — not a loan offer, quote, or commitment. We are not a lender and neither offer nor arrange financing. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 2-bed rentals in Miami Beach, from 200 active listings; the middle half ask $3,595–$9,500.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.