Multifamily in 1240 14th St Miami Beach for sale with MLS# A11973033
PRIME CORNER LOT | 12-UNIT MULTIFAMILY | 100% OCCUPIED | VALUE-ADD OPPORTUNITY This is a rare opportunity to acquire a stabilized, income-producing asset with immediate cash flow and a clear path to forced appreciation through organic rent growth. 12 Total Units: • Unit Mix: 10 x 1BD/1BA | 2 x 2BD/2BA • Total Building Size: 13,300 SF • Occupancy: 100% • Onsite Parking • Below-Market Rents | Strong Value-Add Upside • Corner Lot | High Visibility Location 100% occupancy demonstrates the property's consistent desirability and the strength of local rental demand. Current rents remain below market, presenting a clear value-add opportunity for an investor to execute a strategic rent repositioning strategy and unlock meaningful upside in NOI and overall asset value.
1240 14th St, Miami Beach, FL 33139
- Price:
- $3,990,000.00
- Original List Price:
- $3,990,000.00
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Commercial Sale
- Property Type:
- Multifamily
- MLS Number:
- A11973033
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- February 26, 2026 5:55 pm
- Built-Up Area:
- 13,300 Sqft
- Lot Area:
- 9,750 Sqft
- Lot Size Unit:
- Square Feet
- Waterfront:
- No
- Air Conditioning
- Air Conditioning System:
- Wall/window Unit(s)
- Heating
- Heating System:
- Wall Furnace, Window Unit
- Year Built:
- 1958
- Number of Buildings:
- 1
- Number of Units Total:
- 12
- Levels:
- Two
- Construction Materials:
- Block
- Structure Type:
- Apartment
- Stories:
- 2
- Tax Annual Amount:
- $0.00
- Covered Spaces:
- 0
- Water Source:
- Public
- Senior Community:
- No
- Listing Terms Considered by Seller:
- Cash, Conventional, 1031 Exchange
- Occupant Type:
- Call Agent
- Tax Legal Description:
- BAY VIEW SUB PB 9-110 LOT 8 BLK 81 LOT SIZE 65.000 X 150 OR 19712-4095 0501 1
- Real Estate Folio Number (Parcel Number):
- 02-32-33-018-0010
- Zoning Description:
- 3900
- Originally published on:
- February 26, 2026 5:55 pm
- Active on the market since:
- February 26, 2026
- Price change occurred on:
- February 26, 2026 4:17 pm
- Listing Status Last Changed On:
- February 26, 2026 5:55 pm
- Photos updated on:
- February 26, 2026 11:23 pm
- Last Modified:
- February 27, 2026 4:24 pm
- Flood Zone:
- AE
- Municipal Code:
- 2
- Subdivision Number:
- 18
- Courtesy of:
- Cervera Real Estate Inc.
- Attribution:
- Not provided
- Street Name:
- 14th St
- Street Number:
- 1240
- City:
- Miami Beach
- State:
- Florida
- Zip Code:
- 33139
- County:
- Miami-Dade
- Latitude:
- N25° 47' 6''
- Longitude:
- W81° 51' 29.1''
Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Miami
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