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Renovated 12-Unit Apartment Building
For Sale
$3,200,000

2822 Pine Tree Dr, Miami Beach, FL 33140

Commercial Sale, Miami Beach, FL

Property SizeContact for details
Lot Size0.20 Acres
Days on Market75

Property Features for 2822 Pine Tree Dr

General Information

Property type Commercial Sale
Property subtype Other
Zoning description 3900
Parking features Assigned
Subdivision 32
Special listing conditions Real Estate Owned, In Foreclosure
Standard status Active
APN 02-32-27-004-0220
Lot size 0.20 Acres

Taxes and HOA fees

Tax Description FAIRGREEN R/S BLKS C-D-E PB 4-154 LT 12 LESS BEG NW COR LT 11 N 14.43FTSE TO NE COR LT 11 WALG N/ L LT 11 TO POB BLK D LOT SIZE 60.000 X 143
Tax Annual Amount 43437
Legal Description FAIRGREEN R/S BLKS C-D-E PB 4-154 LT 12 LESS BEG NW COR LT 11 N 14.43FTSE TO NE COR LT 11 WALG N/ L LT 11 TO POB BLK D LOT SIZE 60.000 X 143

Amenities

in-unit laundry
hammocks
shaded seating
cafe-style areas

Building Details

Year built 1935
Number of units 12
Flooring type Laminate
Building materials Block
Roof type Shingle
Listing Agency: Compass Florida, LLC
Listed By: Jeffrey Corriolan PA · License #3259001
Added: Jul 10 Changed: Sep 2 Last Checked: Sep 22 at 9:06PM
MLS# A11930621

Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Noble Pine Tree Apartments is a 12-unit multifamily property originally built in 1935 and subsequently renovated with modern finishes. The improvements include premium kitchens, updated bathrooms, laminate flooring, and in-unit laundry in most residences. Block construction, a shingle roof, assigned parking, and landscaped outdoor areas with shaded seating and café-style spaces further define the property. The parcel measures 0.197 acres.

Located on Pine Tree Drive in Miami Beach, the property is a 5-minute walk from the beach and near Bayshore Park. The park includes 19 acres of green space, tennis courts, a dog park, and enhanced security. The asset has a reported approximately 5.8% cap rate and combines a compact multifamily footprint with proximity to coastal recreation and neighborhood amenities.

Key Highlights

  • 12‑unit multifamily property on a 0.197‑acre parcel
  • Renovated interiors with premium kitchens and updated bathrooms
  • In‑unit laundry installed in most residences

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Carpet & Flooring Store (Bike/Boat/Book/etc) Store Furniture & Home Goods Bakery Auto Repair Shop

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

12
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

2,936
Businesses Nearby

Demographics for 33140, FL

19,315
Population
16,000
Households
1.2
Avg Household Size
46
Median Age
62%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
6,231
Density / Sq Mi
$103,898
Median Household Income
$65,708
Median Earnings
$2,020
Median Rent
$863,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Updated multifamily property with contemporary interiors, assigned parking, and walkable access to the beach.
Where is this apartment building located?
The property is located at 2822 Pine Tree Dr Miami Beach, FL.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 12‑unit multifamily property on a 0.197‑acre parcel; Renovated interiors with premium kitchens and updated bathrooms; In‑unit laundry installed in most residences
More about this property
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