$3,200,000

1329 Pennsylvania Ave, Miami Beach, FL 33139

5,760 sqft

Multi-Family Home
Built in 1936
7,405sqft lot
—— car garage
$556/sqft
Listed 7 months ago

Property Description

1329 Pennsylvania Avenue (aka Shermon Court) is a 1936 Art Deco building masterfully designed by Henry Hohauser, one of South Beach's signature architects in the Deco era. This is a well-maintained 8-unit apartment building, each with spacious 1-bed/1-bath layouts. The building also has common laundry facilities as well as 5 off street parking spaces. All units are occupied by excellent long-term tenants on month-to-month leases at $1,700 ?— well below market. With renovations, rents can be repositioned to $2,300 - $2,500, offering strong upside potential. The property has passed its 40-year recertification and boasts a rich Miami Beach history, blending architectural character with modern stability. A rare investment opportunity with secure cash flow and significant value-add potential.

Listing Status:: Active
Date Added:: October 2, 2025
Data Last Updated:: May 1, 2026 at 7:06AM
Listing Office:: BHHS EWM Realty : 305-674-4000
Listing Agent:: Ben Brissi : 561-870-2211
MLS ID:: A11888408

Roofing: Built-Up
General: Stucco2

Originating MLS: Miami Association of REALTORS®
County: Miami-Dade County

Zoning: 3900OCEAN BEACH NO 3 PB 2-81 LOT 12 BLK 39 LOT SIZE 50.000 X 150 OR 17313-2432 0896 102-42-03-009-0700
Current Use: Income Non-Waterfront

Source: Miami Association of REALTORS®

This listing courtesy of Ben Brissi , BHHS EWM Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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