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$5,100,000

  • For Sale
  • Active
  • Multi-Family
  • 19 Units
See This Home
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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.

Full Property Details for 1345 Pennsylvania Ave

General

  • Price: $5,100,000
  • Taxes: $56,280 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: Greater_Miami
  • MLS ID: A11929354
  • Updated: 12/11/2025
  • Added to Site: 37 day(s) ago

Rental Information

  • Rent Includes: Hot Water, Sewer, Water

Interior

  • Flooring: Tile, Vinyl

Exterior

  • Exterior Features: Exterior Lights
  • Deck/Patio: Patio

Parking

  • Total Spaces: 4

Location

  • Area: Ocean Beach Addn No 3
  • County: Miami-Dade County
  • Subdivision: OCEAN BEACH ADDN NO 3
  • Building Name: OCEAN BEACH ADDN NO 3

Community

  • Community Name: Ocean Beach Addn No 3
  • Units Assoc/Comm: 2

Heating & Cooling

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

Utilities

  • Sewer: Public Sewer
  • Water: Municipal Water

Structural Information

  • Architectural Style: Old Spanish
  • Structure Type: Quadruplex, Fourplex
  • Detached/Attached: Detached
  • Construction: Concrete Block Construction
  • Roof: Other
  • Windows: Blinds
  • Stories/Levels: 3
  • Building Size: 8219
  • Square Feet: 8,219
  • Living Area: 8,219 Sq. Ft.
  • Year Built: 1924
  • Other Struct. Feat.: Laundry Facility

Unit Information

  • Units in Complex: 2

Lot Features

  • Lot Features: Less Than 1/4 Acre Lot
  • Zoning: 3900
  • Fencing (Description): Fenced

Financial Considerations

  • Price Per Sq. Ft.: $620.51
  • Tax Amount: $56,280
  • Tax Year: 2024
  • Terms: All Cash, Conventional, Exchange

Disclosures and Reports

  • Documents Avail.: Copy Of Lease(S), Other Available Information, Rent Rolls
  • Legal Description: 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
  • Property ID: 02-42-03-009-0720

Listed by Xfera Realty Group, LLC.

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Listing agent

— 1345 Pennsylvania Ave —

  • Xfera Realty Group, LLC.

Get Pre-Approved Today

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 1345 Pennsylvania Ave

School District:Dade County School District
NameGradesDistance
Fienberg/Fisher K-8 Center
1420 Washington Avenue, Miami Beach, FL 33139
PK-50.1 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 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 1345 Pennsylvania Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/11/2025
Listed
$5,100,000
37.84%
MLS
1/12/2022
Sold
$3,700,000
—
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 1345 Pennsylvania Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$65,394
8%
$3,480,000
9%
2023
$60,469
7%
$3,200,000
2%
2022
$56,333
10%
$3,150,000
19%
2021
$51,186
—
$2,651,000
17%
2019
$50,945
12%
$2,267,144
10%
2018
$45,523
14%
$2,061,040
-18%
2017
$39,781
11%
$2,510,000
50%
2016
$35,906
8%
$1,676,981
10%
2015
$33,177
5%
$1,524,529
10%
2014
$31,460
8%
$1,385,936
10%
2013
$29,134
—
$1,259,942
—
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.

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Xfera Realty Group, LLC.

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1345 Pennsylvania Ave, Miami Beach, FL 33139 (MLS# A11929354) is a Multi-Family property with 19 units containing 0 bedrooms and 0 full bathrooms. 1345 Pennsylvania Ave is currently listed for $5,100,000 and was received on December 11, 2025. Want to learn more about 1345 Pennsylvania Ave? Do you have questions about finding other Multi-Family 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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