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. Call the listing agent for a private appointment with 24 hours in advance. Require proof of funds. PLEASE USE SHOWING TIME.

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 December 11, 2025 at 10:10 pm

Property ID A11929354
Price $5,100,000
Property Size 8219 Square Feet
Year Built 1924
Type Quadruplex
Property Status Residential Income

Additional details

ArchitecturalStyle Old Spanish
BuildingAreaTotal 8219
BuildingAreaUnits Square Feet
BuildingFeatures Laundry Facility
BuildingName OCEAN BEACH ADDN NO 3
ConstructionMaterials Concrete Block Construction
ContractStatusChangeDate 2025-12-11
Cooling Wall/Window Unit(s)
DaysOnMarket 0
DocumentsAvailable Copy Of Lease(S), Other Available Information, Rent Rolls
ExpirationDate 2026-10-25
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, Exchange
LotFeatures Less Than 1/4 Acre Lot
LotSizeSquareFeet 0
MLSAreaMajor Ocean Beach Addn No 3
MajorChangeTimestamp December 11, 2025 at 08:07pm
MajorChangeType New
MlsStatus Active
ModificationTimestamp December 11, 2025 at 11:00pm
NumberOfUnitsInCommunity 2
NumberOfUnitsTotal 19
OnMarketDate 2025-12-11
OriginalEntryTimestamp December 11, 2025 at 08:07pm
OriginalListPrice 5100000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 02-42-03-009-0720
ParkingTotal 4
PatioAndPorchFeatures Patio
PhotosChangeTimestamp December 11, 2025 at 08:10pm
PhotosCount 9
Possession Funding
PostalCodePlus4 4004
PriceChangeTimestamp December 11, 2025 at 07:57pm
PublicSurveyRange 42
PublicSurveySection 9
PublicSurveyTownship 42
RentIncludes Hot Water, Sewer, Water
Roof Other
Sewer Public Sewer
ShowingInstructions Appointment Only, See Broker Remarks, Showing Assist
SourceSystemKey 424219593
StateOrProvince FL
StatusChangeTimestamp December 11, 2025 at 08:07pm
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. Call the listing agent for a private appointment with 24 hours in advance. Require proof of funds. PLEASE USE SHOWING TIME.
TaxAnnualAmount 56280
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 2024
WaterSource Municipal Water
WindowFeatures Blinds
YearBuiltDetails Resale
Zoning 3900