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Pinnacle Real Estate Group – FL

645 Lenox Avenue, Miami Beach, FL 33139 (MLS# A12015557)

645 Lenox Avenue, Miami Beach, FL 33139

$3,150,000
Property Type: Commercial Sale Square Footage: 3,600 Status: Active
Current Price: $3,150,000 List Date: 5/08/2026 Last Modified: 9/16/2026

Overview

Description

Premier Investment Opportunity | Fully Stabilized 6-Unit Multifamily Asset in the Heart of South BeachExceptional turnkey investment opportunity at 645 Lenox Ave featuring six well-maintained and fully furnished 650 SF units, all with efficient and identical floor plans designed for streamlined management and operational efficiency. Offered in “As-Is” condition, this asset presents immediate income generation with strong long-term upside potential.The property currently produces a Gross Annual Income of approximately $170,400 based on 2026 actual income figures, delivering stable cash flow in one of Miami Beach’s most desirable and supply-constrained rental markets.Investor-Friendly Features Include:• Separate electric meters for each unit, minimizing owner expenses • Units included with inventory list for a seamless transition• Uniform layouts and low-maintenance management structure• 7,500 SF lot with RM-1 zoning offering long-term intrinsic land valueLong-Term Investme ...

Listing Details MLS# A12015557

General Property Information

Number Of Buildings
Yes
Property Sub Type
Multi Family
Occupant Type
Tenant
Building Area Main
3600
Year Built
1935
Lot Size Area
7500
Lot Size Acres
0.17

Property Features

Electric: 101-200 Amp Service Flooring: Ceramic Tile; Laminate Parking Features: On Street Possession: Negotiable Sale Includes: Building; Furniture; Inventory; Land Construction Materials: Block Listing Terms: Cash; Conventional Roof: Barrel Security Features: Motion Detector(s); Security Fence; Security Gate; Smoke Detector(s); Other Special Information: Corporate Owned Showing Requirements: Call Listing Agent; Showing Service

Contract Information

Comp Sale YN
No
Original List Price
3150000

Location and Legal

Country
United States
County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
Street Number
645
Street Name
Lenox
Street Suffix
Avenue
City Name
Miami Beach
Municipal Code
2
State Or Province
FL
Postal Code
33139
Postal Code +4
5966
Area
2420
Parcel Number
0242030097770
Subdivision Number
9
Zoning
3900
Flood Zone
AE

Financial Information

Tax Annual Amount
25015
Tax 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

Status Change Information

Major Change Timestamp
2026-05-08T04:00:00Z
Major Change Type
New Listing
Status Change Date
2026-05-08

More Information

Meter Information

Number Of Meters Total
6

Short Sale Details

Short Sale Addendum
No

Price Calculations

Current Price To SqFt
875

Section Details

Parcel Number MLX
7770

Originating Details

Originating System Key
464727602
Originating System ID
M00000151
IDX
Listing Office: Lamarca & Co. Inc
Source MLS Verified
Last Updated: September - 16 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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