Miami Beach FL 33139 | MLS #A12037045
Miami Beach, FL, 33139
$4,250,000
Beds
0 Baths
0 SqFt
0 Acres
$4,250,000
Miami Beach, FL, 33139
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1535 West Ave is an exceptionally rare, fully gut-renovated multifamily asset in the heart of South Beach. Simply put, the Property represents one of the most comprehensively upgraded Art Deco multifamily offerings currently
available in this highly sought-after market.
In addition, a sister property located at 733 Michigan Avenue—comprised of 10 similarly renovated units—is available for acquisition either individually or as part of a portfolio, providing investors with immediate scale and operational efficiencies.
Ownership has invested over $800,000 to transform the Property into a best-in-class rental asset, featuring high-end, condo-quality finishes throughout. 1535 West Ave consists of four (4) 2-bedroom / 1-bathroom units averaging $3,140 in current rents and four (4) 3-bedroom / 2-bathroom units averaging $4,463, all secured under 12-month leases. Given the level of renovation and unit finishes, the asset is well-positioned for a potential future condominium conversion, offering an additional monetization pathway.
Strategically located at the epicenter of South Beach, the Property benefits from immediate proximity to the area’s premier demand drivers, including Lincoln Road, Ocean Drive, Collins Avenue, and Washington Avenue. South Beach remains one of the most supply-constrained multifamily submarkets in the United States, with significant barriers to entry and enduring global appeal.

Property Details

Price:
$4,250,000
MLS #:
A12037045
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Income/MultiFamily
Listed Date:
Jun 15, 2026
Total Sq Ft:
7,392
Year Built:
1950
Apartments,residential-multi-family

Schools

Interior

Exterior

Stories
2

Financial

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Current real estate data for Commercial in Miami Beach as of Aug 26, 2026
129
Commercial Listed
187
Avg DOM
$3,801,155
Avg List Price

Community

Subdivisions in Miami Beach

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Property Summary

    Miami Beach FL is a Commercial for sale in Miami Beach, FL, 33139. It is listed for $4,250,000
Miami Beach, FL