Commercial: MLS #A11988528 Miami Beach, FL $ 3,150,000
Commercial: MLS #A11988528
$ 3,150,000
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Commercial: MLS #A11988528

Miami Beach, FL, 33139
$ 3,150,000
Bedrooms6 Baths6.0 Sq 3,600

Monthly Estimate*

$ 19,395

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Commercial Property for sale in Miami Beach, FL

for $3,150,000 with 6 bedrooms and 6 full baths. This 3,600 square foot building was built in 1935.

Premier Investment Opportunity: Stabilized 6-Unit Multifamily in South Beach. This turnkey asset at 645 Lenox Ave features 6 uniform 650 SF units with functional, identical layouts. Property is being sold in "As-Is" condition. It offers a lean operational structure with separate electric meters for each unit, allowing tenants to pay their own electricity. Boasting a Gross Annual Income of $170,400 based on 2026 actuals. High Investment Security: The property officially received its 10-Year Building Recertification (Miami-Dade Ordinance 8-11(f)), valid until 2035. This ensures structural and electrical safety, significantly reducing the risk of unexpected special assessments. AAA Location: Steps from the 500 Alton Project, a new 3-acre park, Baptist Health Center, and Publix. The property sits on a 7,500 SF lot with RM-1 Zoning. All units come fully furnished with an inventory list. Ideal for investors seeking immediate cash flow and long-term appreciation in a supply-constrained market.

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Commercial Active

Price

$ 3,150,000

Bedrooms

6

Full Bath

6

Property Type

Commercial

Taxes

$ 25,015

Style

Year Built

1935

Town/City

Miami Beach

County/Region

Miami-Dade

MLS | Web ID

A11988528

Features
General
Possession Closing & Funding
Roof Barrel
Security Features Fenced Security Gate Motion Detectors Other Smoke Detector(s)
Construction Materials Block
Year Built 1935
Property Subtype Multi Family
Tax Year 2025
Gross Income 170400
County Miami-Dade
Net Operating Income 151979
Insurance Expense 0
Property Type Commercial Sale
MaintenanceExpense 2400
Full Baths 6
Special Listing Conditions Corporate Listing
Status Active
City Miami Beach
Disclosures Other
Association Name Lamarca & Co Inc
Zoning Description 3900
Number Of Units Total 6
MLS Area 42
Lot Size Units Square Feet
Lot Size Square Feet 7500
Listing Terms Cash Conventional
Tax Annual Amount 25015
Trash Expense 10260
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11988528
Structure Type Multi Family
Standard Status Active
Occupancy Type Tenant
Property Sub Type Additional Multi Family
Legal Description 3-4 54 42 34 53 42 OCEAN BEACH ADDN NO 3 PB 2-81 LOT 14 BLK 97 LOT SIZE 50.000 X 150
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Interior
Flooring Ceramic Tile Laminate
Total Bedrooms 6
Total Baths 0
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Exterior
Parking Features On Street
Total Parking 0
Lot Size Area 7500
Number of Buildings 1
Building Area Total 3600
Covered Spaces 0
Number of Separate Electric Meters 6
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* Excluded Features
List By
Lamarca & Co. Inc

Broker

lamarcaandco@gmail.com

Email

Affordability Calculator

$21,480
Per Month
90%
10%
0%
Monthly Principal & Interest
$19,395
Monthly Property Taxes
$2,085
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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/24/2026$3,150,000 Listed Price

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