All listings
Active
Active1 / 18
Photo 1 of 18
Condominium
$420,000$447 / sqft
1881 Washington Avenue # 4a, Miami Beach FL 33139
Listed
2
Bedrooms
2
Bathrooms
940 sqft
Interior
1966
Year built
$1,165 / mo
HOA
Condominium
Type
About this home
Steps from the sand and surrounded by everything South Beach has to offer - Lincoln Road, Convention Center, world-class dining and nightlife - this updated 2BD/2BA condo delivers a lifestyle that's hard to beat at this price point. Inside, new laminate floors, generous open floor plan, a renovated kitchen, in-unit washer/dryer and hurricane impact window adds everyday convenience rare in this market. What truly sets this building apart: 12x year (30 day min) rental policy, pet-friendly up to 75 lbs, gated parking, 24-hour manned lobby, fully funded reserves, pool, gym, and sauna — amenities that rival buildings at twice the price.
Features
- Lobby
- Elevator
- Fire Sprinklers
- Split Bedroom
- East Of Us1
- Exterior Cat Walk
- Other
Leasing
- Minimum lease
- Not stated
- Daily Rentals Allowed
- Ok To Lease With Res
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
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 $3,600–$10,000.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.