$4,300,000

934 Meridian Avenue, Miami Beach, FL 33139

8,807 sqft

Multi-Family Home
Built in 1959
6,970sqft lot
—— car garage
$488/sqft
Listed 28 days ago

Property 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.

Listing Status:: Active
Date Added:: July 9, 2026
Data Last Updated:: August 6, 2026 at 7:19AM
Listing Office:: Beachfront Realty Inc : 305-405-0615
Listing Agent:: Marilina R Apfelbaum : 786-287-3633
MLS ID:: A12056657

Originating MLS: BEACH_MIAMI
County: Miami-Dade

Zoning: 39003-4 54 42 34 53 42 OCEAN BEACH ADDN NO 3 PB 2-81 LOT 4 BLK 70 LOT SIZE 50.000 X 140 OR 10020 1445 0478 40242030094370

Source: BEACH_MIAMI

This listing courtesy of Marilina R Apfelbaum , Beachfront Realty Inc

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Principal & Interest $
Property Taxes $
Home Insurance $
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