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    1345 Pennsylvania Ave Miami Beach, FL 33139

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    For Sale
    $5,100,000

    Furnished apartments near beach, Lincoln Rd, and Ocean Dr.

    Type:Investment
    Added:
    Apr 24, 2026
    Days on Market:
    15
    Last Refresh:
    Apr 24 at 3:43 pm

    Property Features for 1345 Pennsylvania Ave

    General Information

    Standard status
    Active
    Property subtype
    Investment

    Building Details

    Year Built
    1924

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    Listing Contact
    Oreste Leccese Guerrero

    Listing agent Oreste Leccese Guerrero

    Listing office

    Listing date Apr 24, 2026

    Source Elliman

    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 Oreste Leccese Guerrero

    HighLights

    • Prime Miami Beach location: Steps from the beach, Lincoln Road, Ocean Drive, and top dining/retail.
    • Strong, stable occupancy with long‑term leases in place.
    • Turnkey investment opportunity with consistent cash flow.
    • 19 fully furnished residential units (12 one‑bedroom/one‑bath and 7 studios).
    • High walk score (95): Walker's Paradise.
    • Multifamily asset in a high‑demand rental market.

    Overview

    Miami Beach Multifamily Investment

    This is a three-story multifamily asset located in Miami Beach, featuring 19 fully furnished residential units. The unit mix comprises 12 one-bedroom/one-bath units and 7 studios. All units are leased long-term, demonstrating strong and stable occupancy. The property includes a shared laundry room on-site. Its location is steps from the beach, Lincoln Road, Ocean Drive, and various dining and retail options. This property is positioned as a turnkey opportunity for investors seeking consistent cash flow and long-term value within a high-demand rental market in South Florida. The property is being sold AS IS. The location has a bike score of 77, indicating it is very bikeable, a walk score of 95, designating it as a walker's paradise, and a transit score of 59, suggesting good transit options.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Real Estate Agency Nail Salon Food Market Daycare Center Grocery & Convenience Store

    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
    -80.133799
    Latitude
    25.784966

    FAQs

    What type of property is this?
    Apartment building - Furnished apartments near beach, Lincoln Rd, and Ocean Dr.
    Where is this apartment building located?
    The property is located at 1345 Pennsylvania Ave Miami Beach, FL.
    What is the asking price?
    The asking price for this property is $5,100,000.
    What are key features of this property?
    This property features: Prime Miami Beach location: Steps from the beach, Lincoln Road, Ocean Drive, and top dining/retail.; Strong, stable occupancy with long‑term leases in place.; Turnkey investment opportunity with consistent cash flow.
    More about this property
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