Commercial Sale · Income/MultiFamily
1345 Pennsylvania Ave, Miami Beach FL 33139, MIAMI BEACH, FL, 33139
Active102 days on marketListed May 5, 2026MLS #A12013211
About this property
The property at a glance
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.
8,219
Building sq ft
$572
Price / sq ft
7,500
Lot sq ft
1924
Year built
1
Building
3900
Zoning
Income/MultiFamily
Property type
The numbers
Investment snapshot
Annual Lease
Lease term
Estimated payment (illustrative)
Estimated payment
$25,602/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Estimates only — taxes at 1.1%/yr and typical insurance; your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask David to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
23,083
Population
$70,404
Median income
41
Median age
2
Avg household
$377,608
Median home value
$1,724/mo
Median rent
1,591
Households w/ kids
Consumer profile
The party don't stop until the sun comes up. Loud music, crowds, and shots are a recipe for a great night out for these people.
Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.
Driven to succeed in the business world, this population seeks to progress in their career through networking happy hours, summits, and connecting with other professionals online.
You can find these people researching an upcoming exhibit at the natural history museum or learning about a famous monument. This population enjoys learning about the past.
This population is all about finding the latest in men's style - from fashion to grooming. Captures guys looking to stay on trend and significant others assisting with shopping.
Movie buffs and binge watchers expressing their love for movies, storytelling, and the film making process.
Recent sales
What actually sold near 1345 Pennsylvania Ave
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$2,400,000
751 Euclid Ave, Miami Beach FL 33139
Sold Dec 11, 2024
$2,200,000
Nearby listing
Sold Jun 18, 2025
$2,100,000
Nearby listing
Sold Nov 14, 2025
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 1345 Pennsylvania Ave — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 1345 Pennsylvania Ave.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Keep looking
Similar properties nearby
Listing courtesy of Xfera Realty Group, LLC. · Oreste Leccese Guerrero. MLS #A12013211.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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