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$4,700,000 Just Listed
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Property 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.
Full Property Details
Full Property Details for 1345 Pennsylvania Ave
General
- Price: $4,700,000
- Status: Active
- Type: Commercial Multi-Family
- Source: Greater_Miami
- MLS ID: A12013211
- Updated: 5/5/2026
- Added to Site: 3 day(s) ago
Business
- Business Type: Commercial/Residential Income, Residential-Multi-Fa
Rental Information
- Lease/Rent Term: Annual Lease
Interior
- Flooring: Tile, Vinyl
Additional Information
- Security/Safety: Smoke Detector(s), Security Fence, Security System
Parking
- Total Spaces: 4
- Parking Features: Common, Free Parking, On Street
Location
- County: Miami-Dade County
Community
- Units Assoc/Comm: 19
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Wall/Window Units
Utilities
- Electric Available: Yes
- Sewer: Public Sanitation
- Water: Public
Structural Information
- # Buildings: 1
- Structure Type: Other Building Type
- Detached/Attached: Detached
- Construction: Concrete Block Construction
- Roof: Other
- Stories/Levels: 3
- Building Size: 8219
- Current Bldg. Use: Income Non-Waterfront
- Year Built: 1924
- Other Struct. Feat.: Dryer(S) Leased, Exterior Lighting, Heavy Traffic, Inside Corridors, Janitorial Service, Landscaped, Laundry Facilities, Pedestrian Traffic, Private Restrooms, Washer(S) Leased
Unit Information
- Units in Complex: 19
Lot Features
- Lot Size (Sq. Ft.): 7,500
- Zoning: 3900
- Fencing (Description): Fenced
Financial Considerations
- Terms: All Cash, Conventional/Refinance, Cryptocurrency, Exchange
- Tenant Pays: Electricity, Interior Maintenance
Disclosures and Reports
- Special Conditions: Sale
- Documents Avail.: Equipment Inventory, Copy Of Lease(S), 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
- Inclusions: Building & Land, Fixtures, Furniture, Leases, Furniture/Fixtures, Leases
- Property ID: 02-42-03-009-0720
Listed by Xfera Realty Group, LLC.
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Schools
Schools serving 1345 Pennsylvania Ave
School District:Dade County School District
| Name | Grades | Distance |
|---|---|---|
Fienberg/Fisher K-8 Center 1420 Washington Avenue, Miami Beach, FL 33139 | PK-5 | 0.1 mi |
Nautilus Middle School 4301 N Michigan Ave, Miami Beach, FL 33140 | 6-8 | 2.1 mi |
Miami Beach Senior High School 2231 Prairie Avenue, Miami Beach, FL 33139 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1345 Pennsylvania Ave
Date
Details
Price
Change
Source
5/05/2026
Listed
$4,700,000
27.03%
MLS
1/12/2022
Sold
$3,700,000
—
Public Record
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
Tax History for 1345 Pennsylvania Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$65,394
—
$3,000,000
-14%
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
—
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
Estimate the Cost for 1345 Pennsylvania Ave
1345 Pennsylvania Ave, Miami Beach, FL 33139 (MLS# A12013211) is a Commercial Multi-Family property. 1345 Pennsylvania Ave is currently listed for $4,700,000 and was received on May 05, 2026. Want to learn more about 1345 Pennsylvania Ave? Do you have questions about finding other Commercial 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.

