About This Home

This 6-bedroom, 0-bathroom multi-family at 1438 Meridian Ave in Miami Beach, FL is listed for $2,400,000 ($517 per sqft). Built in 1936, the home offers 4,644 sqft of living space on a N/A lot.

Key Features

  • Built in 1936
  • 2 stories

Property Details

2 stories
6 full
1936

Amenities

HardwoodA/C
Listing Description

PARKEDGE - Fully Renovated 6 UNIT South Beach Multifamily Investment. Rare opportunity to own a turnkey income property with Six 1-bed/1-bath units on Meridian Avenue, directly across from Flamingo Park in the heart of Miami Beach. This Art Deco building features six fully renovated units including 2 loft-style residences and 4 one-bedroom/one-bath apartments.

Currently 100% occupied with strong rental upside as in-place rents remain below current market rates. All tenants hold annual leases providing stable income. Gut renovated building with all-new plumbing, electrical, HVAC systems, roof, and impact windows.

Brazilian Cherrywood and wood flooring flows through every unit complemented by granite and quartz countertops. Upper-level units feature soaring cathedral-style ceilings. Stainless steel appliances, designer cabinetry, and in-unit washer/dryers complete the condo-level finishes.

Situated near Lincoln Road, Espanola Way and 4 blocks to the beach, residents enjoy immediate access to Flamingo Park featuring 17 tennis courts, aquatic center, and tropical grounds. The building is surrounded by South Beach's finest dining, Art Basel, and world-class entertainment in one of Miami Beach's most famous neighborhoods. The building has completed its 40/50-year structural certification. Contact for complete financials, rent roll, and private showing.

Monthly Cost Estimate

$12,836/mo

20% down · 6.5% · 30 years

Principal$1,736
Interest$10,400
Insurance$700

Estimates only. Actual payments may vary.

Location

1438 Meridian Ave

Miami Beach, FL 33139

ESPANOLA VILLAS 1ST ADDN

Features & Amenities

Exterior Features

Balcony

Property Details

Flooring

TileHardwoodWood

Construction

Block

Heating

Electric (Heating)

Cooling

Central AirElectric

Questions & Answers

This 6-bedroom, 0-bathroom multi-family at 1438 Meridian Ave is listed at $2,400,000 ($517/sqft). The estimated monthly payment is $12,836 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1936, 2 stories. Exterior Features: Balcony.

This property is listed by Jordan Lederman.

JL

Jordan Lederman

License 3245821

Agent at Fortune International Realty

Listed by Fortune International Realty · Broker phone: (305) 517-7553 · View on Broker Site · Broker website

MLS# A12023899· Source: Miami REALTORS®· 4 days on PropertySimple

Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1438 Meridian Ave, Miami Beach, FL 33139

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