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    1329 Pennsylvania Ave Miami Beach, FL 33139

    For Sale
    $3,200,000

    Multi Family - Miami Beach, FL

    Type:Single Family Attached
    Days on Market:
    69
    Last Refresh:
    Dec 9 at 3:06 am

    Property Features for 1329 Pennsylvania Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Attached
    Standard status
    Active
    Zoning
    3900
    APN
    02-42-03-009-0700

    Building Details

    Year built
    1936
    Number of units
    8
    Building materials
    Stucco
    Architectural style
    Other

    BHHS EWM Realty (305) 960-2587 [email protected]

    Listing agent Ben Brissi (305) 674-4050 License #3288847

    Listing date Oct 2, 2025

    MLS# A11888408 Listing URL

    Copyright © 2025 Miami Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Art Deco Multifamily Investment Opportunity

    Shermon Court, located at 1329 Pennsylvania Avenue in Miami Beach, Florida, is an Art Deco building designed in 1936 by architect Henry Hohauser. This well-maintained, 8-unit apartment building features spacious 1-bed/1-bath layouts. The building includes common laundry facilities and 5 off-street parking spaces. All units are currently occupied by long-term tenants on month-to-month leases. The property has passed its 40-year recertification, offering architectural character with modern stability. This multifamily property presents an investment opportunity with cash flow and value-add potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Dental Office Spa & Massage Hair Salon Realty agency Nail Salon Food Market Clothing Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.133792
    Latitude
    25.784686

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    FAQs

    What type of property is this?
    Apartment building - Miami Beach 8-unit apartment building with value-add potential.
    Where is this apartment building located?
    The property is located at 1329 Pennsylvania Ave Miami Beach, FL.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: - Strong upside potential: Rents can be repositioned from $1,700 to $2,300-$2,500 with renovations.; - Secure cash flow: All units are occupied by long-term tenants.; - Prime location in South Beach.
    (305) 674-4050
    Request Owner's contact information
    1329 Pennsylvania Ave Miami Beach, FL 33139
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    Miami Beach, FL 33139
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1329 Pennsylvania Ave Miami Beach, FL 33139
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