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Multifamily in Miami Beach, FL 33139Ocean Beach, 1124 Pennsylvania Ave
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Closed
8,140
SqFtStatus
Sold - Oct 31, 2025
Size
8,140 SqFt (756 m2)
Price
$356/SqFt ($3,835/m2)
Type
Multifamily
Built
1948
HOA
N/A
MLS Number
A11873913
On Site
373 Days
Updated
18 Days ago
Page Views
0
12 units Exclusive Investment Opportunity in Miami Beach Almost completely renovated 12-unit, 8,140 SF low-rise buildingseamlessly blends historic charm with modern appeal, offering investors a prime multifamily asset in a prestigiouslocation. Property Highlights: ? Turnkey Investment – Fully renovated with new roof (August 2024) ? Strong RentalHistory – 95% occupancy rate, ensuring stable cash flow ? Unit Mix & Sizes: 8 Studios (Avg. 500 SF) – Rented at$1,650/month - 4 One-Bedroom Units (Avg. 700 SF) – Rented at $2,100/month ? Recertification Passed – Fullycompliant and up to code ? Projected Cap Rate: 6.76% upon rental completion ART DECO` DISTRICT
Features
Bedrooms
Bathrooms
Exterior and Lot Features
Interior, Heating and Cooling
- Heating Description: Electric
- Cooling Description: Electric
Building and Construction
- Floor Description: Parquet
- Year Built: 1948
- Year Built Description: Resale
- Style: Fourplex
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2025-09-07T11:23:02.000-00:00
Taxes, Fees & More
- Taxes: 33824
Apples-to-Apples Comparables
Price History
Current
$2.9M
High
$3.3M
Low
$2.9M
Total Change
-12.1%Date
Event
Price
Change
Price Per
10/31/2025
Sold
$2.9M
0%$356 ft2
$3,835 m2
09/07/2025
Price Reduced
$2.9M
-12.12%$356 ft2
$3,835 m2
09/07/2025
Listed
$3.3M
$405 ft2
$4,364 m2
10/31/2025
$2.9M
Event
Sold
Change
0%Price Per
$356 ft2
$3,835 m2
09/07/2025
$2.9M
Event
Price Reduced
Change
-12.12%Price Per
$356 ft2
$3,835 m2
09/07/2025
$3.3M
Event
Listed
Price Per
$405 ft2
$4,364 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Fabrizio Passatore • The Keyes Company • Buyer Agency Compensation .
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Scores
95
100
53
100
77
100
78
100
0
100
28
100
2
100
Community Snapshot
3 – 4 BR
Bedrooms
$2.2M – $4.4M
Price Tier
504 - 9,503
SqFt Range
1946
Year Build
3
Total Floors
Subdivision Amenities
Laundry
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity' Program of the Regional Multiple Listing Service of Miami Dade, Broward, Palm Beach, Collier and Lee Counties. Not all listings found on this site are necessarily listed through Subdivisions.com. Real estate listings held by brokerage firms other than Subdivisions.com are marked with the Broker Reciprocity' logo or the Broker Reciprocity' thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.
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