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934 Meridian Avenue, Miami Beach, FL 33139

$4,300,000

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https://www.propertypanorama.com/instaview/mia/A12056657

Property Type: Commercial Sale Square Footage: 8,807 Status: Active

Current Price: $4,300,000 List Date: 7/09/2026 Last Modified: 9/09/2026

Overview

Description

Rare South Beach multifamily investment opportunity at 934 Meridian Avenue. This two-story, 16-unit property features 14 studios and two one-bedroom/one-bath residences, totaling 8,807 SF on a 7,000 SF lot. Offered at $4,300,000, the property generates a seller-provided annualized T-10 NOI of $221,799, representing a 5.16% current cap rate. A new roof and new water heater address two major capital items, allowing a future owner to focus on unit-level cosmetic improvements and potential rent growth. Zoned RM-1 and ideally located on a beautiful tree-lined street near Flamingo Park, Washington Avenue, Lincoln Road, Española Way, Ocean Drive and the beach. Offering Memorandum and financial information available upon request.

Listing Details MLS# A12056657

General Property Information

Property Sub Type: Multi Family
Occupant Type: Call Listing Agent
Building Area Main: 8807
Year Built: 1959
Lot Size Area: 7000
Lot Size Acres: 0.16

Contract Information

Comp Sale YN: No
Original List Price: 4300000

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 934
Street Name: Meridian
Street Suffix: Avenue
City Name: Miami Beach
Municipal Code: 2
State Or Province: FL
Postal Code: 33139
Postal Code +4: 8472
Area: 2420
Parcel Number: 0242030094370
Subdivision Number: 9
Zoning: 3900
Flood Zone: AE

Financial Information

Tax Legal Description: 3-4 54 42 34 53 42 OCEAN BEACH ADDN NO 3 PB 2-81 LOT 4 BLK 70 LOT SIZE 50.000 X 140 OR 10020 1445 0478 4

Status Change Information

Major Change Timestamp: 2026-07-09T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-07-20

Price Calculations

Current Price To SqFt: 488.24

More Information

Section Details

Parcel Number MLX: 4370

Originating Details

Originating System Key: 534186686
Originating System ID: M00000151

Listing Office: Beachfront Realty Inc

Last Updated: September - 09 - 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.

934 Meridian Avenue, Miami Beach, FL 33139 (MLS# A12056657)