1345 Pennsylvania Ave, Miami Beach, FL, 33139
About This Home
Prime Multifamily asset in the heart of Miami Beach. Three-story building with 19 fully furnished residential units:12 one-bedroom/one-bath units and 7 studios. All units are leased long-term with strong, stable occupancy. Located steps from the beach, Lincoln Road, Ocean Drive, and top dining and retail. Shared laundry room on-site. Ideal for investors seeking consistent cash flow and long-term value in a high-demand rental market. Turnkey opportunity in one of South Florida’s most desirable locations.The property selling AS IS. Require proof of funds. PLEASE MUST USE SHOWING TIME. DO NOT TEXT REALTOR.
Getting Around
Walker's Paradise
Good Transit
Very BikeableSchools
Construction
Condition
- Year built: 1924
Materials
- Roof: Other
- Construction materials: Concrete Block Construction
Type & Style
- Home type: MultiFamily
- Architectural style: Old Spanish
- Property subType: Quadruplex
Interior
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 2
Features
- Window features: Blinds
- Flooring: Tile,Vinyl
Heating & Cooling
- Heating features: Window/Wall
- Cooling features: Wall/Window Unit(s)
Interior Area
- Total structure area: 8,219
- Total interior livable area: 8,219 sqft
Property
Details
- Parcel number: 0242030090720
- Zoning: 3900
Features
- Stories: 3
- Patio & porch: Patio
- Exterior features: Lighting
- Fencing: Fenced
Lot
- Features: Less Than 1/4 Acre Lot
Parking
- Total spaces: 4
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Coastal Flooding
- Heat Wave
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Miami-Dade County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $23,765 | $285,180 |
| Home Insurance * | $88 | $1,056 |
| Property Taxes | $3,172 | $38,064 |
| Electricity | $827 | $9,925 |
| Total | $27,852 | $334,224 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-05 | Listed for sale | $4,700,000 |
| 2026-05-02 | Listing removed | $5,100,000 |
| 2025-12-11 | Listed for sale | $5,100,000 |
| 2022-01-12 | Sold | $3,700,000 |
| 2021-11-30 | Pending sale | $4,240,000 |
| 2021-11-08 | Listing removed | -- |
| 2021-03-22 | Listed for sale | $4,240,000 |
| 2018-05-03 | Listing removed | $4,800,000 |
| 2018-02-05 | Listed for sale | $4,800,000 |
| 2017-04-06 | Listing removed | $1,500 |
| 2017-02-08 | Listed for rent | $1,500 |
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