$4,300,000 $23,083 est/mo Sourced by Back At You
934 Meridian Avenue,Miami Beach, FL 33139
Miami Beach, FL 33139
Description
Rare South Beach multifamily investment opportunity at 934 Meridian Avenue. This two-story, 16-unit property features 14 studios and two one-bedroom/one-bath residences, totaling 8,807 SF on a 7,000 SF lot. Offered at $4,300,000, the property generates a seller-provided annualized T-10 NOI of $221,799, representing a 5.16% current cap rate. A new roof and new water heater address two major capital items, allowing a future owner to focus on unit-level cosmetic improvements and potential rent growth. Zoned RM-1 and ideally located on a beautiful tree-lined street near Flamingo Park, Washington Avenue, Lincoln Road, Española Way, Ocean Drive and the beach. Offering Memorandum and financial information available upon request.
Details
| MLS # | A12056657 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1959 |
| Days On Site | 48 |
| Listing Provided By | Beachfront Realty Inc | Marilina R Apfelbaum |
Features
| SQ Feet | 8,807 |
|---|---|
| Zoning | 3900 |
| Acreage | 0.16 |
Area Information
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami Beach |
| Zip Code | 33139 |
| Area | 2420 |
| Listing VS Median (in 33139) | |
Price: $4,300,000 low | high Med: $66,750 sqft: 8,807 low | high Med: 2,983 $ / sqft: $488 low | high Med: $27 On site: 48 low | high Med: 894.5 | |
Market Activity 33139
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Learn More About This Property
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami Beach |
| Zip Code | 33139 |
| Area | 2420 |
| Listing VS Median (in 33139) | |
Price: $4,300,000 low | high Med: $66,750 sqft: 8,807 low | high Med: 2,983 $ / sqft: $488 low | high Med: $27 On site: 48 low | high Med: 894.5 | |
Nearby Listings (Within 1/10 mile)
Price: $3.225M - $5.375M
sqft: 6,500 - 11,000
Listing Updated: September 2, 2026 at 6:45:58 AM PDT