1345 Pennsylvania Avenue, Miami Beach, FL 33139 (MLS# A12013240)

1345 Pennsylvania Avenue, Miami Beach, FL 33139

$4,700,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A12013240

Property Type: Residential Income Square Footage: 8,219 Status: Active

Current Price: $4,700,000 List Date: 5/05/2026 Last Modified: 7/13/2026

Overview

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. ALL POTENTIAL BUYERS WILL NEED TO SIGN AN NDA AND PROVIDE VERIFABLE PROOF OF ABILITY TO PURCHASE PROPERTY. THANK YOU!

Listing Details MLS# A12013240

General Property Information

Number Of Units Total: 2
Property Sub Type: Quadruplex
Building Area Main: 8219
Living Area Main: 8219
Adjusted Area Main: 7501
Year Built: 1924
Parking Total: 4
Outdoor Living Spaces YN: Yes
Stories Total: 3
Pool Private YN: No

Property Features

Documents Available: Copy Of Lease(s); Deposit - Security; Rent Rolls Exterior Features: Lighting Fencing: Fenced Flooring: Tile; Vinyl Property Condition: Resale Structure Type: Multi Family Construction Materials: Block Cooling: Wall/Window Unit(s) Heating: Separate Meters; Window/Wall Laundry Features: Outside Listing Terms: 1031 Exchange; Cash; Conventional; Cryptocurrency Possession: Close Of Escrow; Negotiable Roof: Other Sewer: Public Sewer Sprinkler Description: Auto Sprinkler Tax Information: City/County Utilities: Cable Not Available Water Source: Public Showing Requirements: Showing Service Outdoor Living Spaces: Patio Unit 1 Appliances: Microwave; Range; Refrigerator Unit 1 Other Equipment: Air Conditioning Unit; Fire Sprinklers; Smoke Detector(s) Unit 1 Parking Features: On Street Unit 2 Appliances: Microwave; Range; Refrigerator Unit 2 Other Equipment: Air Conditioning Unit; Fire Sprinklers; Smoke Detector(s) Unit 2 Parking Features: On Street

Contract Information

Comp Sale YN: No
Original List Price: 4700000

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 1345
Street Name: Pennsylvania
Street Suffix: Avenue
City Name: Miami Beach
Municipal Code: 2
State Or Province: FL
Postal Code: 33139
Postal Code +4: 4004
Postal Zip: 33139
Subdivision Name: OCEAN BEACH ADDN NO 3
Area: 2320
Elementary School: Miami Beach Fienberg / Fisher K-8
High School: Miami Beach
Parcel Number: 0242030090720
Subdivision Number: 9
Zoning: 3900
Flood Zone: AE

Financial Information

Tax Annual Amount: 58039
Tax Year: 2025
Tax 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

Status Change Information

Major Change Timestamp: 2026-05-05T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-05-05

More Information

Meter Information

Separate Electric Meters YN: Yes

Income and Expenses

Gross Income: 3750

Unit 1 Details

Actual Rent: 2100
Baths Full: Yes
Efficiency YN: No
Furnished: Furnished

Unit 1 Lease Description

Currently Leased YN: Yes

Unit 2 Details

Actual Rent: 1650
Baths Full: Yes
Efficiency YN: No
Furnished: Furnished

Unit 2 Lease Description

Currently Leased YN: Yes

Section Details

Parcel Number MLX: 0720

Originating Details

Originating System Key: 462257607
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Exterior Features

Lighting: Yes

Flooring

Tile: Yes
Vinyl: Yes

Property Condition

Resale: Yes

Documents Available

Copy Of Lease(s): Yes
Deposit - Security: Yes
Rent Rolls: Yes

Fencing

Fenced: Yes

Structure Type

Multi Family: Yes

Possession

Close Of Escrow: Yes
Negotiable: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Not Available: Yes

Heating

Separate Meters: Yes
Window/Wall: Yes

Sprinkler Description

Auto Sprinkler: Yes

Construction Materials

Block: Yes

Laundry Features

Outside: Yes

Listing Terms

1031 Exchange: Yes
Cash: Yes
Conventional: Yes
Cryptocurrency: Yes

Roof

Other: Yes

Water Source

Public: Yes

Cooling

Wall/Window Unit(s): Yes

Showing Requirements

Showing Service: Yes

Tax Information

City/County: Yes

Outdoor Living Spaces

Patio: Yes

Unit 1 Appliances

Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 1 Other Equipment

Air Conditioning Unit: Yes
Fire Sprinklers: Yes
Smoke Detector(s): Yes

Unit 1 Parking Features

On Street: Yes

Unit 2 Appliances

Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes
Fire Sprinklers: Yes
Smoke Detector(s): Yes

Unit 2 Parking Features

On Street: Yes

Listing Office: Xfera Realty Group, LLC.

Last Updated: July - 13 - 2026

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