Property 845 Michigan Avenue, Miami Beach, FL 33139 for sale with MLS# A11896191

Don't pass this opportunity to purchase this fully occupied 12-Unit Art Deco Building in Prime South Beach Location! Perfectly situated in one of the hottest areas of South Beach. The property features a gated entrance & a charming front courtyard that captures the essence of Miami Beach living. The complex has 3 separate entrances. Each building has 4 apartments: Building 845: (2) One-Bedroom/One-Bath Units (600 sq ft each unit) + (2) Large Studios (500 sq ft each unit), Building 847: (4) Large Studios (500 sq ft each unit), Building 849: (2) One-Bedroom/One-Bath Units (600 sq ft each unit) + (2) Large Studios (500 sq ft each unit), Community Laundry on the 1st Floor & Street parking residential only. This property offers incredible potential to hold as a strong income-producing investment. Located within walking distance to the beach & in proximity to shopping, dining, & entertainment.

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845 Michigan Avenue, Miami Beach, FL 33139

Price
Price:
$2,999,999.00
Original List Price:
$3,400,000.00
List Price per Sq Ft (Calculated, Approx.):
$369.09
Lease Details
Tenant Pays:
Electricity, Telephone, Interior Electric
Property Status and Type
Listing Type:
For Sale
Status:
Active
Listing Category:
Commercial Sale
Property Type:
Multi Family
Description of Last Important Update:
Price Reduced
Last Major Update on:
January 5, 2026 9:15 pm
Measures
Built-Up Area:
8,128 Sqft
Lot Features:
Landscaped
Lot Size Acres:
0.16
Property Features
Security:
Security Lights
Air Conditioning
Air Conditioning System:
Wall/window Unit(s)
Building:
Exterior Lighting
Construction
Year Built:
1947
Number of Buildings:
3
Number of Units Total:
2
Construction Materials:
CBS
Flooring:
Ceramic Tile
Number of stories:
2
Road Frontage Type:
City Street
Flood Zone Code:
AE
Taxes and Expenses
Tax Annual Amount:
$39,396.00
Tax Year:
2025
Parking
Parking Features:
On Street
Utilities
Sewer:
Public Sewer
Electric:
220 Volts, 110 Volts
Water Source:
Public
Community
Senior Community:
No
Terms
Documents Available:
Photos, Copy Of Lease(s)
Listing Terms Considered by Seller:
Cash, Conventional
Buyer Possession:
Negotiable, Close Of Escrow
Zoning and Legal
Tax Legal Description:
OCEAN BEACH ADD NO 3 PB 2-81 LOT 13 BLK 87 LOT SIZE 50.000 X 140 OR 13186-543 0287 1 COC 26185-0468 12 2007 1
Real Estate Folio Number (Parcel Number):
0242030096670
Zoning:
3900
Listing History
Active on the market since:
October 14, 2025
Listing Agreement executed on:
October 14, 2025
Price change occurred on:
January 5, 2026 9:15 pm
Listing Status Last Changed On:
October 14, 2025 4:25 pm
Photos updated on:
July 28, 2026 3:02 pm
Last Modified:
July 28, 2026 3:21 pm
Additional Information
Courtesy of:
One Stop Realty
Attribution:
Not provided
Location
Street Name:
Michigan
Street Number:
845
City:
Miami Beach
State:
Florida
Zip Code:
33139
County:
Miami-Dade
Latitude:
N25° 46' 44.6''
Longitude:
W81° 51' 42.7''
Street Suffix:
Avenue
Property Map

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Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $63,368
Median Home Value $480,500
Median Rent $1,745/mo
Median Age 42
Population 34,406

Air Quality

Source: AirNow.gov · Miami

🌬️ Air Quality Index (AQI) 45 Good
☀️ O3 35 Good
🫁 PM2.5 45 Good
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Association of REALTORS®
Disclaimer: IDX listing information is presented by Rebonus Brokerage LLC for consumer informational purposes only. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by the MLS or the real estate broker. This page presents structured listing information sourced directly from the MLS via the RESO Web API feed. Rebonus prioritizes maximum field coverage and data completeness, displaying the most granular MLS-provided attributes available.