Property 934 Meridian Avenue, Miami Beach, FL 33139 for sale with MLS# A12056657

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.

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934 Meridian Avenue, Miami Beach, FL 33139

Price
Price:
$4,300,000.00
Original List Price:
$4,300,000.00
List Price per Sq Ft (Calculated, Approx.):
$488.24
Property Status and Type
Listing Type:
For Sale
Status:
Active
Listing Category:
Commercial Sale
Property Type:
Multi Family
Description of Last Important Update:
New Listing
Last Major Update on:
July 9, 2026 4:00 am
Measures
Built-Up Area:
8,807 Sqft
Lot Size Acres:
0.16
Construction
Year Built:
1959
Flood Zone Code:
AE
Community
Senior Community:
No
Zoning and Legal
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
Real Estate Folio Number (Parcel Number):
0242030094370
Zoning:
3900
Listing History
Active on the market since:
July 9, 2026
Listing Agreement executed on:
July 9, 2026
Listing Status Last Changed On:
July 9, 2026 4:00 am
Photos updated on:
July 20, 2026 11:03 pm
Last Modified:
July 20, 2026 11:04 pm
Additional Information
Courtesy of:
Beachfront Realty Inc
Attribution:
Not provided
Location
Street Name:
Meridian
Street Number:
934
City:
Miami Beach
State:
Florida
Zip Code:
33139
County:
Miami-Dade
Latitude:
N25° 46' 48.3''
Longitude:
W81° 51' 48.4''
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) 35 Good
☀️ O3 35 Good
🫁 PM2.5 35 Good
Ver la Propiedad Ver la propiedad 934 Meridian Avenue, Miami Beach, FL 33139
Association of REALTORS®
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