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$3,990,000 Just Listed

  • For Sale
  • Active
  • Apartment
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PRIME CORNER LOT | 12-UNIT MULTIFAMILY | 100% OCCUPIED | VALUE-ADD OPPORTUNITY This is a rare opportunity to acquire a stabilized, income-producing asset with immediate cash flow and a clear path to forced appreciation through organic rent growth. 12 Total Units: · Unit Mix: 10 x 1BD/1BA | 2 x 2BD/2BA · Total Building Size: 13,300 SF · Occupancy: 100% · Onsite Parking · Below-Market Rents | Strong Value-Add Upside · Corner Lot | High Visibility Location 100% occupancy demonstrates the property's consistent desirability and the strength of local rental demand. Current rents remain below market, presenting a clear value-add opportunity for an investor to execute a strategic rent repositioning strategy and unlock meaningful upside in NOI and overall asset value.

Full Property Details for 1240 14th St

General

  • Price: $3,990,000
  • Status: Active
  • Type: Apartment
  • Source: Greater_Miami
  • MLS ID: A11973033
  • Updated: 2/26/2026
  • Added to Site: 1 day(s) ago

Business

  • Business Type: Apartments

Location

  • County: Miami-Dade County

Community

  • Units Assoc/Comm: 12

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Wall/Window Units

Utilities

  • Water: Public

Structural Information

  • # Buildings: 1
  • Detached/Attached: Detached
  • Construction: CBS Construction
  • Stories/Levels: 2
  • Building Size: 13300
  • Year Built: 1958

Unit Information

  • Units in Complex: 12

Lot Features

  • Lot Size (Sq. Ft.): 9,750
  • Zoning: 3900

Financial Considerations

  • Terms: All Cash, Conventional/Refinance, Exchange

Disclosures and Reports

  • Special Conditions: Sale
  • Legal Description: BAY VIEW SUB PB 9-110 LOT 8 BLK 81 LOT SIZE 65.000 X 150 OR 19712-4095 0501 1
  • Property ID: 02-32-33-018-0010

Listed by Cervera Real Estate Inc.

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Listing agent

— 1240 14th St —

  • Cervera Real Estate Inc.

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1240 14th St

School District:Dade County School District
NameGradesDistance
Fienberg/Fisher K-8 Center
1420 Washington Avenue, Miami Beach, FL 33139
PK-50.6 mi
Nautilus Middle School
4301 N Michigan Ave, Miami Beach, FL 33140
6-82.1 mi
Miami Beach Senior High School
2231 Prairie Avenue, Miami Beach, FL 33139
9-121.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1240 14th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/26/2026
Listed
$3,990,000
389.57%
MLS
6/11/2001
Sold
$815,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1240 14th St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$45,413
6%
$2,788,750
—
2024
$43,005
19%
$2,788,750
—
2023
$36,216
12%
$2,788,750
67%
2021
$32,196
3%
$1,667,500
—
2022
$31,331
-3%
$1,667,500
-32%
2021
$32,196
-26%
$2,447,500
15%
2019
$43,459
15%
$2,122,945
10%
2018
$37,806
4%
$1,929,950
-11%
2017
$36,352
4%
$2,175,000
36%
2016
$35,016
22%
$1,595,000
10%
2015
$28,728
-8%
$1,450,000
-6%
2014
$31,184
1%
$1,534,833
2%
2013
$30,853
—
$1,505,637
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1240 14th St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Cervera Real Estate Inc.

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1240 14th St, Miami Beach, FL 33139 (MLS# A11973033) is a Apartment property. 1240 14th St is currently listed for $3,990,000 and was received on February 26, 2026. Want to learn more about 1240 14th St? Do you have questions about finding other Apartment real estate for sale in Miami Beach? You can browse all Miami Beach real estate or contact a Coldwell Banker agent to request more information.

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