Miami Beach, FL 33139
$4,250,000
Property Type:
Commercial Sale
Square Footage:
7,392
Status:
Active
Current Price:
$4,250,000
List Date:
6/15/2026
Last Modified:
7/07/2026
Overview
Description
...
(Read more)
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 currentlyavailable 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.
Listing Details MLS# A12037045
General Property Information
- Number Of Buildings
- Yes
- Property Sub Type
- Multi Family
- Number Of Units Total
- 2
- Occupant Type
- Call Listing Agent
- Building Area Main
- 7392
- Year Built
- 1950
- Lot Size Area
- 7500
- Lot Size Acres
- 0.17
- Stories Total
- 2
Property Features
Listing Terms:
Cash; Conventional
Contract Information
- Comp Sale YN
- No
- Original List Price
- 4250000
Location and Legal
- County Or Parish
- Miami-Dade
- County Parish Name
- Miami-Dade
- City Name
- Miami Beach
- Municipal Code
- 2
- State Or Province
- FL
- Postal Code
- 33139
- Postal Code +4
- 2342
- Subdivision Number
- 18
- Zoning
- 3900
- Flood Zone
- AE
Financial Information
- Tax Legal Description
- 33-34 53 42 COMMERCIAL SUB PB 6-5 LOT 6 BLK 66 A LOT SIZE 50.000 X 150 OR 19204-3538 06 2000 1
Status Change Information
- Major Change Timestamp
- 2026-06-15T04:00:00Z
- Major Change Type
- New Listing
- Status Change Date
- 2026-06-15
More Information
Description of Unit Type 1
- Unit Type
- 2 Bedroom
- Units Total
- 4
- Furnished
- Yes
- Annual Rent
- 3140
Description of Unit Type 2
- Unit Type
- 3 Bedroom
- Units Total
- 4
- Furnished
- Yes
- Annual Rent
- 4463
Price Calculations
- Current Price To SqFt
- 574.94
Section Details
- Parcel Number MLX
- 0620
Originating Details
- Originating System Key
- 513773518
- Originating System ID
- M00000151
Listing Office:
CBRE, Inc.
Last Updated: July - 07 - 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.
