Active

1438 Meridian Ave

Miami Beach, FL 33139

$2,400,000 $10,118/Mo

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Overview

Bed

Bath

4,644

Sqft

Description

PARKEDGE – Fully Renovated 6 UNIT South Beach Multifamily Investment. Rare opportunity to own a turnkey income property with Six 1-bed/1-bath units on Meridian Avenue, directly across from Flamingo Park in the heart of Miami Beach. This Art Deco building features six fully renovated units including 2 loft-style residences and 4 one-bedroom/one-bath apartments. Currently 100% occupied with strong rental upside as in-place rents remain below current market rates. All tenants hold annual leases providing stable income. Gut renovated building with all-new plumbing, electrical, HVAC systems, roof, and impact windows. Brazilian Cherrywood and wood flooring flows through every unit complemented by granite and quartz countertops. Upper-level units feature soaring cathedral-style ceilings. Stainl ess steel appliances, designer cabinetry, and in-unit washer/dryers complete the condo-level finishes. Situated near Lincoln Road, Española Way and 4 blocks to the beach, residents enjoy immediate access to Flamingo Park featuring 17 tennis courts, aquatic center, and tropical grounds. The building is surrounded by South Beach's finest dining, Art Basel, and world-class entertainment in one of Miami Beach's most famous neighborhoods. The building has completed its 40/50-year structural certification. Contact for complete financials, rent roll, and private showing.

Property Details

Property Type : ResidentialIncome

Price : $2,400,000

AD Id : 80044357

MLS Id : A12023899

Beds : 6

Living Area Size : 4,644

Year Built : 1936

County : Miami-Dade

Subdivision: Espanola Villas 1st Addn

Map

Features

Interior Features

Roof: BuiltUp

Window Features: ImpactGlass
Heating & Cooling

Has Heating: Yes Heating: Electric Has Cooling: Yes Cooling: CentralAir, Electric

Building Information

Year Built: 1936

Building Area Total: 4644

Construction Materials: Block

Stories: 2

Pool Features: None

Private Pool: No

Association Fee Frequency: Monthly
Exterior Features

Exterior Features: Balcony

Lot Information

Lot Description: LessThanQuarterAcre

Property Information

Subdivision: ESPANOLA VILLAS 1ST ADDN Source Property Type: ResidentialIncome Postal Code Plus 4: 8054 Zoning Description: 2800 Property SubType: Quadruplex Levels: Two Property Age: 90

Listing Price Information

Listing Price: $2400000

Cash, Conventional

Tax Information

Parcel Number: 02-32-34-015-0260 Tax Year: 2025 Annual Tax: $24505 Tax Legal Desc: ESPANOLA VILLAS 1ST ADDN PB 9-147 LOT 1 LESS N3FT FOR ST BLK 7 B LOT SIZE 50.000 X 78 OR 13958-1044 0189 1 COC 23431-2532 05 2005 1

Utility Information

CableAvailable
Location Information

WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
901 Pennsylvania Ave, Miami Beach, FL, 33139	$3,450,000	--	--	--
632 15th St, Miami Beach, FL, 33139	$2,650,000	8	8	5,939	5,939 SqFt
1561 Jefferson Avenue, Miami Beach, FL, 33139	$4,500,000	5	4	10,334	10,334 SqFt
1000 7th Street, Miami Beach, FL, 33139	$4,500,000	3	2	7,868	7,868 SqFt
1345 Pennsylvania Ave, Miami Beach, FL, 33139	$4,700,000	1	2	8,219	8,219 SqFt
711 Lenox Ave, Miami Beach, FL, 33139	$2,850,000	8	8	2,558	2,558 SqFt
734 Michigan Ave, Miami Beach, FL, 33139	$2,940,000	4	5	2,809	2,809 SqFt
1355 Drexel Ave, Miami Beach, FL, 33139	$7,000,000	--	--	816	816 SqFt
1508 Meridian Ave, Miami Beach, FL, 33139	$1,200,000	4	4	1,776	1,776 SqFt
1460 E West Ave, Miami Beach, FL, 33139	$1,791,000	6	6	4,952	4,952 SqFt

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ByOwner last updated this listing 06/10/2026 @ 23:48

MLS: A12023899 LISTED BY: Jordan Lederman, Fortune International Realty 305-400-6393 SOURCE: SEFMIAMI