828 Pennsylvania Ave Miami Beach, FL 33139
Well-maintained, fully-leased 12-unit property near the beach.
Type:Commercial
Property size:
5,862 SFLot size:
0.16 AcresPrice / SF:
$545/SF- Added:
- Apr 24, 2026
- Days on Market:
- 15
- Last Refresh:
- Apr 24 at 3:44 pm
Property Features for 828 Pennsylvania Ave
General Information
- Standard status
- Active
- Size
- 5,862 SF
- Lot size
- 0.16 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1928
Listing agent Albert Simon License #3629204 (571) 501-0827
Listing office LoKation Real Estate (571) 501-0827
Listing date Apr 24, 2026
Source Elliman
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All listing content including descriptions, pricing, images are the copyrighted material of LoKation Real Estate
HighLights
- Prime location in the highly desirable Flamingo Submarket of South Beach, just two blocks from the beach.
- Strong income potential with a Pro Forma NOI of $200,000 and a Pro Forma Cap Rate of 6.25%.
- Fully‑leased, well‑maintained 12‑unit boutique property with a mix of studio and one‑bedroom apartments.
- Recently renovated (2024) with upgraded units featuring renovated bathrooms and kitchens with stainless steel appliances.
- New roof installed in 2025.
- Excellent walk score of 92, indicating a 'Walker's Paradise'.
Overview
South Beach Multifamily Boutique Property
Located in the Flamingo Submarket of South Beach, this multifamily property features twelve units and is situated two blocks from the beach. Constructed in 1928, the two-story Art Deco style building was partially renovated in 2024. The property is situated on 0.16 acres. The unit mix consists of three studio apartments and nine one-bedroom apartments. Upgraded units feature renovated bathrooms and kitchens with stainless steel appliances. Residents have access to an on-site laundry facility. Units have a mix of wall and central air conditioning. The rentable square footage is 5,862. A new roof is planned for 2025. The property is well-maintained and fully-leased. The bike score is 71, indicating it is very bikeable. The walk score is 92, designating it as a walker's paradise. The transit score is 59, indicating good transit options.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.134266
- Latitude
- 25.778916
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained, fully-leased 12-unit property near the beach.
Where is this apartment building located?
The property is located at 828 Pennsylvania Ave 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: Prime location in the highly desirable Flamingo Submarket of South Beach, just two blocks from the beach.; Strong income potential with a Pro Forma NOI of $200,000 and a Pro Forma Cap Rate of 6.25%.; Fully‑leased, well‑maintained 12‑unit boutique property with a mix of studio and one‑bedroom apartments.
