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$3,450,000 -$49,000 (-1.4%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • Updated 5 days ago
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Introducing 901 PENN, a prime South Beach investment on a 7,500 SF corner lot at Pennsylvania Ave & 9th St. This mixed-use property features six (6) apartments & four (4) ground-floor retail/office units with Washington Ave visibility, ensuring strong tenant demand. A stabilized income-generating asset offering multiple investment strategies, including retail repositioning, owner-user occupancy, or redevelopment potential. Recent capital improvements-new roof (2023), exterior paint, AC units, & more. Positioned in a high-foot-traffic area, surrounded by hotels, restaurants, shopping, and nightlife, 901 PENN benefits from unbeatable exposure and walkability. With strong rental income and scheduled increases, this is a lucrative Miami investment in a world- class destination.

Full Property Details for MLS# A11998939

General

  • Price: $3,450,000
  • Taxes: $59,664 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Greater_Miami
  • MLS ID: A11998939
  • Updated: 5/22/2026
  • Added to Site: 115 day(s) ago

Rental Information

  • Rent Includes: Sewer, Trash Collection, Water

Interior

  • Interior Features: Stairs
  • Flooring: Concrete, Tile

Location

  • Area: South Beach
  • County: Miami-Dade County
  • Subdivision: South Beach
  • Building Name: South Beach

Community

  • Community Name: South Beach

Heating & Cooling

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

Utilities

  • Sewer: Public Sewer

Structural Information

  • Architectural Style: Attached
  • Structure Type: Quadruplex, Fourplex
  • Detached/Attached: Detached
  • Construction: Concrete Block Construction
  • Roof: Composition Roll
  • Stories/Levels: 2
  • Year Built: 1948

Lot Features

  • Lot Features: Less Than 1/4 Acre Lot
  • Zoning: RO

Financial Considerations

  • Tax Amount: $59,664
  • Tax Year: 2025
  • Terms: Conventional

Disclosures and Reports

  • Documents Avail.: Deposit - Security, Other Available Information, Rent Rolls, Service Contracts
  • Legal Description: OCEAN BEACH ADDN NO 3 PB 2-81 W75FT LOTS 7 & 8 BLK 35 LOT SIZE 75.000 X 100 OR 16033-0131 0793 1
  • Property ID: 02-42-03-009-0220

Listed by Compass Florida, LLC

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Listing agents

— MLS# A11998939 —

  • Compass Florida, LLC

  • Compass Florida, LLC

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving MLS# A11998939

School District:Dade County School District
NameGradesDistance
Fienberg/Fisher K-8 Center
1420 Washington Avenue, Miami Beach, FL 33139
PK-50.4 mi
Nautilus Middle School
4301 N Michigan Ave, Miami Beach, FL 33140
6-82.4 mi
Miami Beach Senior High School
2231 Prairie Avenue, Miami Beach, FL 33139
9-121.3 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 MLS# A11998939 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/22/2026
Price Reduced
$3,450,000
-1.4%
MLS
2/02/2026
Listed
$3,499,000
—
MLS
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.

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Listed by Compass Florida, LLC

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MLS# A11998939, Miami Beach, FL 33139 (MLS# A11998939) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. MLS# A11998939 is currently listed for $3,450,000 and was received on February 02, 2026. Want to learn more about MLS# A11998939? 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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