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828 Pennsylvania Ave Miami Beach, FL $ 3,200,000
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$ 3,200,000 Get more info
828 Pennsylvania Ave
$ 3,200,000
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828 Pennsylvania Ave

Miami Beach, FL, 33139
$ 3,200,000
Bedrooms-- Baths-- Sq 6,608

Monthly Estimate*

$ 19,703

828 Pennsylvania Ave, Miami Beach, FL 33139 - Image 1
828 Pennsylvania Ave, Miami Beach, FL 33139 - Image 2
828 Pennsylvania Ave, Miami Beach, FL 33139 - Image 3
828 Pennsylvania Ave, Miami Beach, FL 33139 - Image 4
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828 Pennsylvania Ave, Miami Beach, FL 33139 - Image 7
828 Pennsylvania Ave, Miami Beach, FL 33139 - Image 8
828 Pennsylvania Ave, Miami Beach, FL 33139 - Image 9
828 Pennsylvania Ave, Miami Beach, FL 33139 - Image 10
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Commercial Property for sale in Miami Beach, FL

for $3,200,000. This 6,608 square foot building was built in 1928 on a lot size of 0.16.

Attractive multifamily 12-unit boutique property in the heart of the popular and highly desirable Flamingo Submarket of South Beach. Located two blocks away from the beach, the property is well-maintained and fully-leased. Brand new roof put on in 2025. Constructed in 1928 and partially renovated in 2024, the property has a rentable square footage of 5,862 and is situated on 0.16 acres of land, consisting of a unit mix of three studio and nine one-bedroom apartments with upgraded units featuring renovated bathrooms and kitchens with stainless steel appliances. Cap Rate 4.5%, 2025 Effective Gross Income: $241,000, 2025 Net Operating Income: $140,700 Pro Forma Cap Rate: 6.6%, Pro Forma EGI: $317,000, Pro Forma NOI: $211,000

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Commercial Active

Price

$ 3,200,000

Property Type

Commercial

Taxes

$ 39,072

Style

Lot Size

0.16

Year Built

1928

Town/City

Miami Beach

County/Region

Miami-Dade

MLS | Web ID

F10546676
List By
Lokation

Broker

ams2123@gmail.com

Email

Affordability Calculator

$22,959
Per Month
86%
14%
0%
Monthly Principal & Interest
$19,703
Monthly Property Taxes
$3,256
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
295894 Elementary School
296011 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/2/2026$3,200,000 Listed Price

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828 Pennsylvania Ave, Miami Beach, FL, 33139 is a Commercial Property for sale at $3,200,000 with 6,608 sqft and a lot size of 0.16. 828 Pennsylvania Ave was built in 1928. The property's zip code is 33139 which is in Miami Beach, FL

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