Renovated Furnished Apartment
1481 Bay Road, Miami Beach, FL 33139
For Sale
Contact for pricing
Income-producing multifamily asset with updated interiors, building systems, and furnished units in Miami Beach’s South Beach area.
Property SizeContact for details
Days on Market68
Property Features for 1481 Bay Road
General Information
Standard status
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Furnished
Building Details
Buildings
Listing Agency:
ONE SOTHEBY'S INTERNATIONAL REALTY
Listed By:
Allan Kleer · License FL #0675979
(305) 798-8205
Source:
Crexi
Added: Sep 9
Changed: Nov 14
Last Checked: Nov 14 at 4:34AM
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 ONE SOTHEBY'S INTERNATIONAL REALTY
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Investment Insights
Based on property information with market context.
This renovated 8-unit apartment building includes six 2-bedroom residences and two 1-bedroom residences. Each unit is furnished and equipped with updated kitchens, bathrooms, appliances, and flooring. Improvements also include upgraded MEP systems, impact-rated windows and doors, and modern safety systems. The property is operating as an income-producing asset.
The multifamily property is positioned in South Beach within walking distance of Lincoln Road, Sunset Harbour, restaurants, shopping, and Flamingo Park’s sports amenities. The assemblage includes adjacent multifamily properties and offers zoning capacity described as unused FAR. The existing buildings could support exploration of expanded residential development, including a new 5-story condominium or multifamily project, subject to applicable approvals.
The multifamily property is positioned in South Beach within walking distance of Lincoln Road, Sunset Harbour, restaurants, shopping, and Flamingo Park’s sports amenities. The assemblage includes adjacent multifamily properties and offers zoning capacity described as unused FAR. The existing buildings could support exploration of expanded residential development, including a new 5-story condominium or multifamily project, subject to applicable approvals.
Key Highlights
- 8‑unit multifamily building with six 2‑bedroom and two 1‑bedroom units
- All units furnished and renovated with new kitchens, baths, appliances, and flooring
- Upgraded MEP systems, impact windows and doors, and modern safety systems
Property Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
7,980
Businesses Nearby
Explore this area
Business Placement
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
$480,500
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Miami Beach, FL
Properties on Market for Apartment buildings in Miami Beach
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Income-producing multifamily asset with updated interiors, building systems, and furnished units in Miami Beach’s South Beach area.
Where is this apartment building located?
The property is located at 1481 Bay Road Miami Beach, FL.
What is the asking price?
The asking price for this property is $6,698,000.
What are key features of this property?
This property features: 8‑unit multifamily building with six 2‑bedroom and two 1‑bedroom units; All units furnished and renovated with new kitchens, baths, appliances, and flooring; Upgraded MEP systems, impact windows and doors, and modern safety systems
