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Art-Deco Renovated Apartment Building
For Sale
Contact for pricing
Pending

1321 Pennsylvania Ave, Miami Beach, FL 33139

Renovated 7-unit, one-bedroom multifamily with in-unit washer/dryer and hurricane impact windows, plus back parking.

Property SizeContact for details
Days on Market149

Property Features for 1321 Pennsylvania Ave

General Information

Standard status Pending
Total Parking Spaces 4
Property subtype Special Purpose
Occupancy 86%

Additional Details

Multifamily Units 7

Amenities

washer and drier in each unit
terrace

Building Details

Construction Art-Deco
Tenancy Multi
Listing Agency: SOBE International Realty
Listed By: Piermassimo Picchiura · License #3246716
Source: Crexi
Added: Apr 12 Changed: Aug 16 Last Checked: Sep 6 at 1:07PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SOBE International Realty

Investment Insights

Based on property information with market context.

Beautiful Art-Deco apartment building that has been fully renovated and currently offers 7 one-bedroom units. Each unit features new floors, a new kitchen, hurricane impact windows, and an in-unit washer and dryer. One unit is located on the second floor and includes extra square footage along with a large terrace at the front.

All units are rented except for the larger terrace unit, which is currently used by the owner. Four parking spaces are provided in the back of the property.

The building is also described as having additional volume buildable on the lot, creating an opportunity for expansion alongside ongoing rental income.

Key Highlights

  • Fully renovated 7‑unit multifamily building with one‑bedroom units
  • Each unit has new floors, a new kitchen, and in‑unit washer/dryer
  • Hurricane impact windows installed throughout the units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Butcher (Bike/Boat/Book/etc) Store Restaurant Nursing Home Adult Day Care Pet Grooming Service

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

7
Residential units
85.7%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

8,611
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Renovated 7-unit, one-bedroom multifamily with in-unit washer/dryer and hurricane impact windows, plus back parking.
Where is this apartment building located?
The property is located at 1321 Pennsylvania Ave Miami Beach, FL.
What are key features of this property?
This property features: Fully renovated 7‑unit multifamily building with one‑bedroom units; Each unit has new floors, a new kitchen, and in‑unit washer/dryer; Hurricane impact windows installed throughout the units
(305) 331-1119 Call to check price and availability
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