ActiveMLS® A12013240

$4,700,000

1345 Pennsylvania Avenue, Miami Beach, FL 33139

Beds: —
Baths: 0
Sqft: 8,219

Est. payment$31,574/mo

Home type: Quadruplex
Year built: 1924
Lot size: —
Price / sqft: $572
HOA: $0/mo
Community: OCEAN BEACH ADDN NO 3

Property 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 activity

Days on market: 171
Listed: May 5, 2026
MLS listing updated: Sep 9, 2026
Feed last checked: 15 minutes ago

Listed by Oreste Leccese Guerrero · Xfera Realty Group, LLC.

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 0
Bathrooms (decimal): 0

Rooms & features

Flooring: Tile, Vinyl
Laundry: Outside

Heating & cooling

Heating: Separate Meters, Window/Wall
Cooling: Wall/Window Unit(s)

Property

Exterior

Stories: 3
Building area: 8,219 sqft
Patio & porch: Patio
Exterior features: Lighting
Fencing: Fenced
Pool: No
Waterfront property: No

Lot

Zoning: 3900

Construction

Type & style

Home type: Quadruplex
Structure type: Multi Family
Year built: 1924
New construction: No

Materials

Construction: Block
Roof: Other
Property condition: Resale

Utilities & green energy

Utilities

Sewer: Public Sewer
Water: Public
Utilities: Cable Not Available

Community & HOA

Community

Subdivision: OCEAN BEACH ADDN NO 3
MLS area: 2320

Association

Has association: No
Estimated monthly dues: $0

Lease details

Not reported by the listing source.

Location

Area details

City: Miami Beach
County: Miami-Dade
ZIP code: 33139

Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number: A12013240
Possession: Close Of Escrow, Negotiable
Original list price: $4,700,000
Parcel number: 0242030090720
Annual property tax: $58,039
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

Additional MLS details

Reported by the listing source

Association: No
Bathrooms Total Decimal: 0
Bathrooms Total Integer: 0
Building Area Total: 8219
Construction Materials: Block
County Or Parish: Miami-Dade
Days On Market: 171
Elementary School: Miami Beach Fienberg / Fisher K-8
High School: Miami Beach
Laundry Features: Outside
List Price: 4700000
Listing Contract Date: 2026-05-05
Living Area: 8219
MLSArea Major: 2320
Mls Status: Active
On Market Date: 2026-05-05
Patio And Porch Features: Patio
Photos Count: 9
Postal Code: 33139
Property Sub Type: Quadruplex
Property Type: Residential Income
Standard Status: Active
State Or Province: FL
Status Change Timestamp: 2026-05-05T04:00:00Z
Stories Total: 3
Subdivision Name: OCEAN BEACH ADDN NO 3
Water Source: Public
Tax Annual Amount: 58039
Pool Private: No
Waterfront: No

Market value

Automated estimate—No licensed valuation source connected

Estimated sales range—Ask Karim for a local market analysis

Estimated rent—No licensed rental valuation source connected

Price history

Date	Event	Price
May 5, 2026	ListedMIAMI REALTORS® MLS	$4,700,000$572/sqft

Public tax history

Year	Property taxes	Assessment
2025	$58,039	—

Payment calculator

Estimated monthly payment$31,574/moIllustrative estimate, not a loan offer.

Loan typeDown payment (%)Interest rate assumption (%)Loan termInsurance / month

Principal & interest: $24,387
Property taxes: $4,837
Insurance: $2,350
Association dues: $0

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

OCEAN BEACH ADDN NO 3

Miami Beach · Miami-Dade County · 33139

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

Miami Beach Fienberg / Fisher K-8Elementary

—

Miami BeachHigh

—

School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

Nearby homes

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