Description

Prime Multifamily asset in the heart of Miami Beach. Three-story building with 19 fully furnished residential units:12 one-bedroom/one-bath units and 7 studios. All units are leased long-term with strong, stable occupancy. Located steps from the beach, Lincoln Road, Ocean Drive, and top dining and retail. Shared laundry room on-site. Ideal for investors seeking consistent cash flow and long-term value in a high-demand rental market. Turnkey opportunity in one of South Florida’s most desirable locations.The property selling AS IS. Require proof of funds. PLEASE MUST USE SHOWING TIME. DO NOT TEXT REALTOR.

Address

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Address: Pennsylvania Ave
City: Miami Beach
State/county: Miami-Dade County
Zip/Postal Code: 33139
Area: OCEAN BEACH ADDN NO 3

Details

Updated on May 6, 2026 at 4:07 am

Property ID A12013240
Price $4,700,000
Property Size 8219 Square Feet
Year Built 1924
Type Quadruplex
Property Status Residential Income

Additional details

ArchitecturalStyle Old Spanish
BuildingAreaSource Appraisal
BuildingAreaTotal 8219
BuildingAreaUnits Square Feet
BuildingFeatures Laundry Facility
BuildingName OCEAN BEACH ADDN NO 3
ConstructionMaterials Concrete Block Construction
ContractStatusChangeDate 2026-05-05
Cooling Wall/Window Unit(s)
DaysOnMarket 0
DocumentsAvailable Deposit - Security, Copy Of Lease(S), Rent Rolls
ExpirationDate 2027-05-01
Fencing Fenced
Flooring Tile, Vinyl
Heating Window/Wall
InternetAddressDisplayYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 305-781-6490
ListingTerms All Cash, Conventional, Cryptocurrency, Exchange
LotFeatures Less Than 1/4 Acre Lot
LotSizeSquareFeet 0
MLSAreaMajor Ocean Beach Addn No 3
MajorChangeTimestamp May 5, 2026 at 02:52pm
MajorChangeType New
MlsStatus Active
ModificationTimestamp May 5, 2026 at 08:00pm
NumberOfUnitsInCommunity 2
OnMarketDate 2026-05-05
OriginalEntryTimestamp May 5, 2026 at 02:52pm
OriginalListPrice 4700000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 02-42-03-009-0720
ParkingTotal 4
PatioAndPorchFeatures Patio
PhotosChangeTimestamp May 5, 2026 at 02:57pm
PhotosCount 9
Possession Funding
PostalCode 33139
PostalCodePlus4 4004
PriceChangeTimestamp May 5, 2026 at 02:44pm
PublicSurveyRange 42
PublicSurveySection 3
PublicSurveyTownship 42
RentIncludes Hot Water, Pest Control, Water
Roof Other
Sewer Public Sewer
ShowingInstructions See Broker Remarks, Showing Assist
SourceSystemKey 462257607
StateOrProvince FL
StatusChangeTimestamp May 5, 2026 at 02:52pm
Stories 3
StoriesTotal 3
StreetName Pennsylvania Ave
StreetNumber 1345
StreetNumberNumeric 1345
StructureType Quadruplex, Fourplex
SyndicationRemarks Prime Multifamily asset in the heart of Miami Beach. Three-story building with 19 fully furnished residential units:12 one-bedroom/one-bath units and 7 studios. All units are leased long-term with strong, stable occupancy. Located steps from the beach, Lincoln Road, Ocean Drive, and top dining and retail. Shared laundry room on-site. Ideal for investors seeking consistent cash flow and long-term value in a high-demand rental market. Turnkey opportunity in one of South Florida’s most desirable locations.The property selling AS IS. Require proof of funds. PLEASE MUST USE SHOWING TIME. DO NOT TEXT REALTOR.
TaxAnnualAmount 58039
TaxLegalDescription OCEAN BEACH ADDN NO 3 PB 2-81 LOT 14 BLK 39 LOT SIZE 50.000 X 150 OR 15566-564 0692 1 PROBATE 21471-1475 10 2002 3 COC 25983-1919 10 2007 6
TaxYear 2025
WaterSource Municipal Water
WindowFeatures Blinds
YearBuiltDetails Resale
Zoning 3900