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$3,150,000 Just Listed
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Property Description
Premier Investment Opportunity | Fully Stabilized 6-Unit Multifamily Asset in the Heart of South Beach Exceptional turnkey investment opportunity at 645 Lenox Ave featuring six well-maintained and fully furnished 650 SF units, all with efficient and identical floor plans designed for streamlined management and operational efficiency. Offered in "As-Is" condition, this asset presents immediate income generation with strong long-term upside potential. The property currently produces a Gross Annual Income of approximately $170,400 based on 2026 actual income figures, delivering stable cash flow in one of Miami Beach's most desirable and supply-constrained rental markets. Investor-Friendly Features Include: "¢ Separate electric meters for each unit, minimizing owner expenses "¢ Units included with inventory list for a seamless transition "¢ Uniform layouts and low-maintenance management structure "¢ 7,500 SF lot with RM-1 zoning offering long-term intrinsic land value Long-Term Investment Security:The building has completed and received its 10-Year Recertification in accordance with Miami-Dade Ordinance 8-11(f), valid through 2035. This provides added confidence regarding structural and electrical compliance reducing the likelihood of near-term capital assessment exposure. Prime South Beach Location: Ideally positioned just steps from the transformative 500 Alton development, the new 3-acre public park, Baptist Health Center, Publix, and major lifestyle destinations.
Full Property Details
Full Property Details for 645 Lenox Ave.
General
- Price: $3,150,000
- Taxes: $25,015
- Status: Active
- Type: Commercial Multi-Family
- Source: Greater_Miami
- MLS ID: A12015557
- Updated: 5/8/2026
- Added to Site: 1 day(s) ago
Business
- Business Type: Residential-Multi-Family
Interior
- Flooring: Ceramic Floor
Additional Information
- Security/Safety: Other Fire Protection, Smoke Detector(s), Security Fence, Motion Detector, Security Gate
Parking
- Parking Features: On Street
Location
- County: Miami-Dade County
Community
- Units Assoc/Comm: 6
Utilities
- Electric Available: Yes
Structural Information
- # Buildings: 1
- Detached/Attached: Detached
- Construction: Concrete Block Construction
- Roof: Barrel Roof
- Building Size: 3600
- Year Built: 1935
Unit Information
- Units in Complex: 6
Lot Features
- Lot Size (Sq. Ft.): 7,500
- Zoning: 3900
Financial Considerations
- Tax Amount: $25,015
- Terms: All Cash, Conventional/Refinance
Disclosures and Reports
- Special Conditions: Sale
- Legal Description: 3-4 54 42 34 53 42 OCEAN BEACH ADDN NO 3 PB 2-81 LOT 14 BLK 97 LOT SIZE 50.000 X 150
- Inclusions: Building & Land, Furniture, Inventory
- Property ID: 02-42-03-009-7770
Listed by Lamarca & Co. Inc
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Schools
Schools serving 645 Lenox Ave.
School District:Dade County School District
| Name | Grades | Distance |
|---|---|---|
South Pointe Elementary School 1050 4th Street, Miami Beach, FL 33139 | PK-5 | 0.2 mi |
Nautilus Middle School 4301 N Michigan Ave, Miami Beach, FL 33140 | 6-8 | 2.6 mi |
Miami Beach Senior High School 2231 Prairie Avenue, Miami Beach, FL 33139 | 9-12 | 1.6 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 645 Lenox Ave.
Date
Details
Price
Change
Source
5/08/2026
Listed
$3,150,000
—
MLS
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 645 Lenox Ave.
Year
Property Taxes
Change
Tax Assessment
Change
2024
$26,828
—
$1,360,680
-5%
2024
$26,828
—
$1,427,676
1%
2023
$26,718
—
$1,413,915
2%
2021
$26,822
1%
$1,389,145
-2%
2022
$26,566
3%
$1,413,915
6%
2019
$25,742
3%
$1,328,389
—
2018
$24,979
25%
$1,328,389
15%
2017
$20,027
-38%
$1,156,000
-30%
2016
$32,070
62%
$1,651,000
71%
2015
$19,742
11%
$963,862
10%
2014
$17,803
-10%
$876,239
-8%
2013
$19,787
—
$951,909
—
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 645 Lenox Ave.
645 Lenox Ave, Miami Beach, FL 33139 (MLS# A12015557) is a Commercial Multi-Family property. 645 Lenox Ave is currently listed for $3,150,000 and was received on May 08, 2026. Want to learn more about 645 Lenox 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.

