South Beach Multifamily
For Sale
$3,150,000
645 Lenox Ave, Miami Beach, FL 33139
Fully stabilized 6-unit multifamily asset in prime South Beach location.
Property Size3,600 SF
Lot Size7,500.00 Acres
Price / SF$875
Days on Market165
Property Features for 645 Lenox Ave
General Information
Standard status
Active
Size
3,600 SF
Lot size
7,500.00 Acres
Property subtype
Income/MultiFamily
Taxes and HOA fees
Annual Taxes
$25,015
Building Details
Building Size
3,600 SF
Year Built
1935
Listing Agency:
Lamarca & Co. Inc
Listed By:
Antonieta Lamarca · License #3385753
Source:
Silverleafrealtygroup
Added: May 8
Changed: Oct 13
Last Checked: Oct 19 at 1:31PM
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 Lamarca & Co. Inc
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Investment Insights
Based on property information with market context.
This is a fully stabilized 6-unit multifamily asset located in the heart of South Beach. The property features six well-maintained and fully furnished 650 SF units, all with efficient and identical floor plans designed for streamlined management and operational efficiency. The property is offered in “As-Is” condition and presents immediate income generation with long-term upside potential. The property currently produces a Gross Annual Income of approximately $170,400 based on 2026 actual income figures. Each unit has separate electric meters, minimizing owner expenses. The units include an inventory list for a seamless transition. The property has uniform layouts and a low-maintenance management structure. The 7,500 SF lot has RM-1 zoning offering long-term intrinsic land value. The building has completed and received its 10-Year Recertification in accordance with Miami-Dade Ordinance 8-11(f), valid through 2035. The property is ideally positioned just steps from the transformative 500 Alton development, the new 3-acre public park, Baptist Health Center, and Publix.
Key Highlights
- Fully stabilized 6‑unit multifamily asset generating approximately $170,400 gross annual income.
- Prime South Beach location steps from 500 Alton development, new park, Baptist Health Center, and Publix.
- 10‑Year Recertification completed and valid through 2035, ensuring structural and electrical compliance.
Property Analytics
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Location Intelligence
Trade Area within ½ mile
5,367
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully stabilized 6-unit multifamily asset in prime South Beach location.
Where is this apartment building located?
The property is located at 645 Lenox Ave Miami Beach, FL.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: Fully stabilized 6‑unit multifamily asset generating approximately $170,400 gross annual income.; Prime South Beach location steps from 500 Alton development, new park, Baptist Health Center, and Publix.; 10‑Year Recertification completed and valid through 2035, ensuring structural and electrical compliance.
