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Historic Art Deco Apartment Building
For Sale
Contact for pricing
Pending

1540 Pennsylvania Ave, Miami Beach, FL 33139

Sixteen apartments feature a gated courtyard, resident laundry facility, and bike storage in Miami Beach.

Property SizeContact for details
Lot Size0.17 Acres
Days on Market147

Property Features for 1540 Pennsylvania Ave

General Information

Standard status Pending
Lot size 0.17 Acres
Property subtype Multifamily

Units

Unit Mix 8 x studio, 8 x 1BR/1BA
Multifamily Units 16

Amenities

bike racks
on-site laundry

Building Details

Year Built 1934
Buildings 1
Construction concrete block
Listing Agency: Horvath & Tremblay
Listed By: Alec Bashein · License #FL
Source: Crexi
Added: Apr 11 Changed: Sep 2 Last Checked: Sep 1 at 9:21AM

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 Horvath & Tremblay

Investment Insights

Based on property information with market context.

Built in 1934, this 16-unit apartment property is a concrete-block building with Art Deco architectural detailing. The 7,500-square-foot lot includes a gated, landscaped courtyard, bike racks, and an on-site laundry facility. The unit mix comprises eight studio apartments and eight one-bedroom, one-bathroom apartments.

The property is located at 1540 Pennsylvania Ave in Miami Beach, Florida, within walking distance of Lincoln Road, Washington Avenue, and Collins Avenue. Those commercial corridors provide dining, nightlife, and entertainment offerings within the surrounding South Beach area.

Key Highlights

  • 16‑unit historic apartment building constructed in 1934
  • Unit mix includes eight studios and eight one‑bedroom, one‑bathroom apartments
  • Concrete‑block construction with Art Deco architectural details

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Butcher (Bike/Boat/Book/etc) Store Restaurant Pet Grooming Service Plumbing Service Veterinary Clinic

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

16
Residential units

Location Intelligence

Trade Area within ½ mile

8,122
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 - Sixteen apartments feature a gated courtyard, resident laundry facility, and bike storage in Miami Beach.
Where is this apartment building located?
The property is located at 1540 Pennsylvania Ave Miami Beach, FL.
What are key features of this property?
This property features: 16‑unit historic apartment building constructed in 1934; Unit mix includes eight studios and eight one‑bedroom, one‑bathroom apartments; Concrete‑block construction with Art Deco architectural details
(305) 299-0775 Call to check price and availability
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