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    Miami Beach Multifamily Boutique Property Title is generated by Realmo AI

    828 Pennsylvania Avenue, Miami Beach, FL 33139

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    Claim this Listing
    For Sale
    $2,990,000

    MULTI_FAMILY - Miami Beach, FL

    Property size:
    6,608 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $452/SF
    Added:
    Feb 2, 2026
    Days on Market:
    138
    Last Refresh:
    Jun 20 at 8:06 am

    Property Features for 828 Pennsylvania Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    3900
    Standard status
    Active
    APN
    0242030091440
    Size
    6,608 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    OCEAN BEACH ADD NO 3 PB 2-81 LOT 4 BLK 45 LOT SIZE 50.000 X 140 OR 23577-1431 07 2005 1
    Tax Annual Amount
    39072

    Building Details

    Year built
    1928

    We can help!

    Listing Contact
    Albert Simon

    Listing agent Albert Simon License #3629204

    Listing office LoKation 1500 E Atlantic Blvd. The K. Co. Building, Pompano Beach, FL

    Listing date Feb 2, 2026

    MLS# F10546676

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

    HighLights

    • Prime South Beach location in the desirable Flamingo Submarket, just two blocks from the beach.
    • Fully‑leased 12‑unit boutique property with immediate income potential.
    • Strong Pro Forma Cap Rate of 6.25% and Pro Forma NOI of $200k, indicating significant upside.
    • Recent renovations (2024) with upgraded units featuring renovated bathrooms and kitchens with stainless steel appliances.
    • Brand new roof installed in 2025.
    • Attractive Art Deco style building reflecting the charm of Miami Beach.

    Overview

    This attractive multifamily boutique property features 12 units in the Flamingo Submarket of South Beach, located two blocks from the beach. Constructed in 1928 and partially renovated in 2024, this well-maintained and fully-leased property sits on 0.16 acres. The building has a rentable area of 5,862 square feet. 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 are equipped with a mix of wall and central air conditioning. A new roof is planned for 2025. The two-story Art Deco style building reflects the charm of Miami Beach. The property offers the opportunity to raise rents immediately or continue to upgrade units and execute a value-added strategy. The zoning is 3900. The property size is 6,608 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Real Estate Agency Nail Salon Food Market Daycare Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.134262
    Latitude
    25.778925

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    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 Avenue Miami Beach, FL.
    What is the asking price?
    The asking price for this property is $2,990,000.
    What are key features of this property?
    This property features: Prime South Beach location in the desirable Flamingo Submarket, just two blocks from the beach.; Fully‑leased 12‑unit boutique property with immediate income potential.; Strong Pro Forma Cap Rate of 6.25% and Pro Forma NOI of $200k, indicating significant upside.
    (571) 501-0827
    We can help!
    Listing Contact
    Albert Simon
    Real Estate License ID: 3629204
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