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
...
(Read more)
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 Investment Security:The building has completed and received its 10-Year Recertification in accordance with Miami-Dade Ordinance 8-11(f), valid through 2035. This provides added confidence regarding structural and electrical compliance reducing the likelihood of near-term capital assessment exposure.Prime South Beach Location: Ideally positioned just steps from the transformative 500 Alton development, the new 3-acre public park, Baptist Health Center, Publix, and major lifestyle destinations.
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
Listing Office:
Lamarca & Co. Inc

Last Updated: September - 16 - 2026
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