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Mediterranean Style Waterfront Quadplex
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3921 N Meridian Ave, Miami Beach, FL 33140

Waterfront Mediterranean-style quadplex with potential for single-family conversion.

Property Size5,366 SF
Price / SF$1,676
Days on Market657

Property Features for 3921 N Meridian Ave

General Information

Standard status Active
Size 5,366 SF
Property subtype Multifamily
Zoning 3900

Building Details

Year Built 1956
Listing Agency: Florida Relocation Team, LLC
Listed By: Gustavo Gutierrez · License #3253915
Source: Crexi
Added: Oct 25, 2024 Changed: Aug 8 Last Checked: Aug 8 at 11:38AM

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 Florida Relocation Team, LLC

Investment Insights

Based on property information with market context.

This Mediterranean-style quadplex is situated on the water, offering views and landscaped grounds. Each apartment features 2 large bedrooms and 2 full bathrooms, with 6 of the 8 bathrooms having been remodeled. Custom wooden decks provide boat dockage and relaxation space. The property has saltwater access, though it is restricted. Four of the bedrooms include Juliet-style balconies, and four bedrooms have ground floor terraces. Two units overlook the water. In-unit washer/dryers are present in 3 of the 4 units, and there is also an on-site washer/dryer. Hurricane impact windows and doors are installed. Each unit has 2 tandem parking spaces. The property is undergoing its 40/50/60 Year Recertification. Landscaping and a courtyard enhance the property's appeal. The location offers proximity to 41st Street, Julia Tuttle Causeway, I-95, and South Beach. The building has a size of 5366 square feet. The property could be converted into a single-family residence. Owner financing is available with 35% down and 6% interest.

Key Highlights

  • Waterfront Mediterranean‑style 4plex with gorgeous views and landscaped grounds.
  • Owner financing available with 35% down and 6% interest.
  • Hurricane impact windows and doors.

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Electrical Service Auto Parts Store Auto Repair Shop Bakery Barber Shop Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,141
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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Waterfront Mediterranean-style quadplex with potential for single-family conversion.
Where is this quadplex located?
The property is located at 3921 N Meridian Ave Miami Beach, FL.
What is the asking price?
The asking price for this property is $8,995,000.
What are key features of this property?
This property features: Waterfront Mediterranean‑style 4plex with gorgeous views and landscaped grounds.; Owner financing available with 35% down and 6% interest.; Hurricane impact windows and doors.
(305) 532-7939 Call to check price and availability
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