1438 Meridian Avenue, Miami Beach, FL 33139 (MLS# A12023899)

1438 Meridian Avenue, Miami Beach, FL 33139

$2,400,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A12023899

Property Type: Residential Income Square Footage: 4,644 Status: Active

Current Price: $2,400,000 List Date: 6/04/2026 Last Modified: 6/05/2026

Overview

Description

PARKEDGE – Fully Renovated 6 UNIT South Beach Multifamily Investment. Rare opportunity to own a turnkey income property with Six 1-bed/1-bath units on Meridian Avenue, directly across from Flamingo Park in the heart of Miami Beach. This Art Deco building features six fully renovated units including 2 loft-style residences and 4 one-bedroom/one-bath apartments. Currently 100% occupied with strong rental upside as in-place rents remain below current market rates. All tenants hold annual leases providing stable income.Gut renovated building with all-new plumbing, electrical, HVAC systems, roof, and impact windows. Brazilian Cherrywood and wood flooring flows through every unit complemented by granite and quartz countertops. Upper-level units feature soaring cathedral-style ceilings. Stainless steel appliances, designer cabinetry, and in-unit washer/dryers complete the condo-level finishes. Situated near Lincoln Road, Española Way and 4 blocks to the beach, residents enjoy immediate ac ... (Read more)

Listing Details MLS# A12023899

General Property Information

Number Of Units Total: 4
Property Sub Type: Quadruplex
Building Area Main: 4644
Living Area Main: 4644
Adjusted Area Main: 4114
Year Built: 1936
Outdoor Living Spaces YN: Yes
Stories Total: 2
Pool Private YN: No
Parking Total: 0

Property Features

Documents Available: Copy Of Lease(s); Rent Rolls Flooring: Tile; Wood Property Condition: Resale; Updated/Remodeled Structure Type: Multi Family Construction Materials: Block Cooling: Central Air; Electric Heating: Electric; Separate Meters Listing Terms: Cash; Conventional Possession: Negotiable Roof: Built-Up Sewer: Public Sewer Tax Information: Tax Reflects No Exemptions Utilities: Cable Available Water Source: Public Showing Requirements: Call Listing Agent Outdoor Living Spaces: Balcony Unit 1 Parking Features: Other Unit 1 Rooms: Family Room; Kitchen Unit 2 Parking Features: Other Unit 3 Parking Features: Other Unit 4 Parking Features: Other

Contract Information

Comp Sale YN: No
Original List Price: 2400000

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 1438
Street Name: Meridian
Street Suffix: Avenue
City Name: Miami Beach
Municipal Code: 2
State Or Province: FL
Postal Code: 33139
Postal Code +4: 8054
Postal Zip: 33139
Subdivision Name: ESPANOLA VILLAS 1ST ADDN
Development Name: PARKEDGE
Area: 2320
Elementary School: Miami Beach Fienberg / Fisher K-8
High School: Miami Beach
Parcel Number: 0232340150260
Subdivision Number: 15
Zoning: 2800

Financial Information

Association Fee Frequency: Monthly
Tax Annual Amount: 24505
Tax Year: 2025
Tax Legal Description: ESPANOLA VILLAS 1ST ADDN PB 9-147 LOT 1 LESS N3FT FOR ST BLK 7 B LOT SIZE 50.000 X 78 OR 13958-1044 0189 1 COC 23431-2532 05 2005 1

Status Change Information

Major Change Timestamp: 2026-06-04T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-06-04

More Information

Income and Expenses

Gross Income: 12225

Storm Protection

Impact Glass: Complete

Unit 1 Details

Actual Rent: 3700
Baths Full: 2
Efficiency YN: No
SqFt: 1500

Unit 1 Lease Description

Currently Leased YN: Yes

Unit 2 Details

Actual Rent: 4275
Baths Full: 2
Efficiency YN: No
SqFt: 1500

Unit 2 Lease Description

Currently Leased YN: Yes

Unit 3 Details

Actual Rent: 2000
Baths Full: Yes
Efficiency YN: No
SqFt: 750

Unit 3 Lease Description

Currently Leased YN: Yes

Unit 4 Details

Actual Rent: 2250
Baths Full: Yes
Efficiency YN: No
SqFt: 750

Unit 4 Lease Description

Currently Leased YN: Yes

Price Calculations

Current Price To SqFt: 516.79

Section Details

Parcel Number MLX: 0260

Originating Details

Originating System Key: 488110349
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Flooring

Tile: Yes
Wood: Yes

Property Condition

Resale: Yes
Updated/Remodeled: Yes

Documents Available

Copy Of Lease(s): Yes
Rent Rolls: Yes

Structure Type

Multi Family: Yes

Possession

Negotiable: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes

Heating

Electric: Yes
Separate Meters: Yes

Construction Materials

Block: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Roof

Built-Up: Yes

Water Source

Public: Yes

Cooling

Central Air: Yes
Electric: Yes

Showing Requirements

Call Listing Agent: Yes

Tax Information

Tax Reflects No Exemptions: Yes

Outdoor Living Spaces

Balcony: Yes

Unit 1 Parking Features

Other: Yes

Unit 1 Rooms

Family Room: Yes
Kitchen: Yes

Unit 2 Parking Features

Other: Yes

Unit 3 Parking Features

Other: Yes

Unit 4 Parking Features

Other: Yes

Listing Office: Fortune International Realty

Last Updated: June - 05 - 2026

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