Art Deco Apartment Near
For Sale
$218,000
1525 Meridian Ave 104, Miami Beach, FL 33139
Apartment near Lincoln Road with wood floors and modern appliances.
Property Size450 SF
Days on Market327
Property Features for 1525 Meridian Ave 104
General Information
Standard status
Active
Size
450 SF
Property subtype
Residential
Taxes and HOA fees
Annual Taxes
$3,084
Building Details
Building Size
450 SF
Year Built
1939
Listed By:
Giovanni Tosi
(786) 693-3027
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 19
Last Checked: Oct 19 at 7:07AM
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 Giovanni Tosi
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Investment Insights
Based on property information with market context.
This apartment is located one block from Lincoln Road. The unit features wood floors, a kitchen with appliances, a bathroom, and a bedroom. A washer, dryer, and dishwasher are located inside the unit. It is situated in an original art deco, gated building on Meridian Avenue. The property is currently rented until January 2026, making it suitable for investment.
Key Highlights
- Prime location: One block from Lincoln Road.
- Currently rented at a great price until January 2026, providing immediate investment income.
- Enjoy the convenience of a washer, dryer, and dishwasher inside the unit.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,921
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$138,420
$138.4K
Cap Rate 7%
$98,871
$98.9K
Cap Rate 9%
$76,900
$76.9K
Market Conditions
NOI Build-Up for 450 SF
Gross rent
$13.2K $29.28/SF
− Vacancy
−$593 −$1.32/SF
EGI
$12.6K $27.96/SF
− OpEx
−$5.7K −$12.58/SF
NOI
$6.9K $15.38/SF
Area
Miami-Dade County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$138,420
Cap Rate 7%
$98,871
Cap Rate 9%
$76,900
Alternative Uses
Best Use
Apartment 5plus
$98.9K
$86.5K – $115.4K
NOI $6,921 @ 7.0% cap · market cap 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$228.3K
$199.8K – $266.4K
NOI $15,981 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
8,703
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Apartment near Lincoln Road with wood floors and modern appliances.
Where is this apartment building located?
The property is located at 1525 Meridian Ave 104 Miami Beach, FL.
What is the asking price?
The asking price for this property is $218,000.
What are key features of this property?
This property features: Prime location: One block from Lincoln Road.; Currently rented at a great price until January 2026, providing immediate investment income.; Enjoy the convenience of a washer, dryer, and dishwasher inside the unit.
