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Renovated 12-Unit Apartment Building
For Sale
$4,899,000

960 Jefferson Ave, Miami Beach, FL 33139

Commercial Sale, Miami Beach, FL

Property SizeContact for details
Lot Size0.16 Acres
Days on Market69

Property Features for 960 Jefferson Ave

General Information

Property type Commercial Sale
Property subtype Other
Zoning description 3900
Subdivision 32
Standard status Active
APN 02-42-03-009-6690
Lot size 0.16 Acres

Taxes and HOA fees

Tax Description OCEAN BEACH ADD NO 3 PB 2-81 LOT 1 BLK 88 LOT SIZE 50.000 X 140 OR 19165-1668 0400 4 (6) COC 24632-0771-72 05 2006 1
Legal Description OCEAN BEACH ADD NO 3 PB 2-81 LOT 1 BLK 88 LOT SIZE 50.000 X 140 OR 19165-1668 0400 4 (6) COC 24632-0771-72 05 2006 1

Building Details

Year built 1936
Number of units 12
Listing Agency: Beachfront Realty Inc
Listed By: Samuel Heskiel · License #3374968
Added: Jun 29 Changed: Sep 2 Last Checked: Sep 5 at 3:06PM
MLS# A12044935

Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 12-unit apartment building was constructed in 1936 and has since undergone a full renovation. Capital improvements include a new roof, new plumbing, new electrical systems, and impact windows. The residences include a combination of one- and two-bedroom layouts.

The property occupies 0.1607 acres at 960 Jefferson Avenue in Miami Beach’s Flamingo Lummus neighborhood. Its boutique scale and renovated building systems distinguish the asset within the local apartment market.

Key Highlights

  • 12‑unit apartment building
  • Fully renovated with new roof, plumbing, and electricity
  • Impact windows throughout the property

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Butcher (Bike/Boat/Book/etc) Store Veterinary Clinic Restaurant Nursing Home Adult Day Care

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12
Residential units

Location Intelligence

Trade Area within ½ mile

6,044
Businesses Nearby

Demographics for 33139, FL

36,286
Population
30,166
Households
1.2
Avg Household Size
43
Median Age
53%
College-Educated
89%
High-School Grad
2.8 sq mi
ZIP Area
12,959
Density / Sq Mi
$63,368
Median Household Income
$48,608
Median Earnings
$1,745
Median Rent
$480,500
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Updated apartment property with a mixed one- and two-bedroom unit configuration.
Where is this apartment building located?
The property is located at 960 Jefferson Ave Miami Beach, FL.
What is the asking price?
The asking price for this property is $4,899,000.
What are key features of this property?
This property features: 12‑unit apartment building; Fully renovated with new roof, plumbing, and electricity; Impact windows throughout the property
More about this property
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