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Date
Details
Price
Change
Source
3/24/2026
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.
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1/16
$3,150,000
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1/16
Property Description
Premier Investment Opportunity: Stabilized 6-Unit Multifamily in South Beach. This turnkey asset at 645 Lenox Ave features 6 uniform 650 SF units with functional, identical layouts. Property is being sold in "As-Is" condition. It offers a lean operational structure with separate electric meters for each unit, allowing tenants to pay their own electricity. Boasting a Gross Annual Income of $170,400 based on 2026 actuals. High Investment Security: The property officially received its 10-Year Building Recertification (Miami-Dade Ordinance 8-11(f)), valid until 2035. This ensures structural and electrical safety, significantly reducing the risk of unexpected special assessments. AAA Location: Steps from the 500 Alton Project, a new 3-acre park, Baptist Health Center, and Publix. The property sits on a 7,500 SF lot with RM-1 Zoning. All units come fully furnished with an inventory list. Ideal for investors seeking immediate cash flow and long-term appreciation in a supply-constrained market.
Full Property Details
Full Property Details for MLS# A11988379
General
- Price: $3,150,000
- Taxes: $25,015 (2025)
- Status: Active
- Type: Multi-Family
- Source: Greater_Miami
- MLS ID: A11988379
- Updated: 3/24/2026
- Added to Site: 19 day(s) ago
Rental Information
- Rent Includes: Gardener, Sewer, Trash Collection, Water
Interior
- Flooring: Ceramic Floor
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: 4
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Ceiling Fan(s), Central Air, Electric
- Heating Type: Central
Utilities
- Sewer: Public Sewer
Structural Information
- Architectural Style: Attached, Old Spanish
- Structure Type: Quadruplex, Fourplex
- Detached/Attached: Detached
- Construction: Concrete Block Construction, Elevated Construction
- Roof: Barrel Roof
- Windows: Clear Impact Glass, Complete Impact Glass, Awning, Blinds
- Stories/Levels: 1
- Building Size: 3600
- Square Feet: 3,600
- Living Area: 3,600 Sq. Ft.
- Year Built: 1935
- Property Condition: Completely Renovated
Unit Information
- Units in Complex: 4
Lot Features
- Lot Features: Less Than 1/4 Acre Lot
- Zoning: 3900
Green Features
- Energy Efficient: Appliances, HVAC, Thermostat, Water Heater
Financial Considerations
- Price Per Sq. Ft.: $875
- Operating Expenses: $18,420
- Tax Amount: $25,015
- Tax Year: 2025
- Terms: All Cash, Conventional
Disclosures and Reports
- Documents Avail.: Deposit - Security, Inventory, Copy Of Lease(S), Other Available Information, Rent Rolls
- 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
- Property ID: 02-42-03-009-7770
Listed by Lamarca & Co. Inc
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— MLS# A11988379 —
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Price & Sales History for MLS# A11988379
Estimate the Cost
Estimate the Cost for MLS# A11988379
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- Condo
- Active
- Updated 1 day ago
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- Condo
- Active
- Updated 4 days ago
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![[Address not provided], North Bay Village, FL 33141 - Photo 1](https://m.cbhomes.com/p/943/A11957154/d1386Ee09EF24eA/s23cc.webp)
- Condo
- Active
- Updated 6 days ago
- 2Beds
- 3Total Baths
- 1,575Sq. Ft.
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MLS# A11988379, Miami Beach, FL 33139 (MLS# A11988379) is a Multi-Family property with 6 units containing 0 bedrooms and 0 full bathrooms. MLS# A11988379 is currently listed for $3,150,000 and was received on March 24, 2026. Want to learn more about MLS# A11988379? 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.