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MLS #A12015557 image #0
Premier Investment Opportunity | Fully Stabilized 6-Unit Multifamily Asset in the Heart of South BeachExceptional turnkey investment opportunity at 645 Lenox Ave featuring six well-maintained and fully furnished 650 SF units, all with efficient and identical floor plans designed for streamlined management and operational efficiency. Offered in “As-Is” condition, this asset presents immediate income generation with strong long-term upside potential.The property currently produces a Gross Annual Income of approximately $170,400 based on 2026 actual income figures, delivering stable cash flow in one of Miami Beach’s most desirable and supply-constrained rental markets.Investor-Friendly Features Include:• Separate electric meters for each unit, minimizing owner expenses • Units included with inventory list for a seamless transition• Uniform layouts and low-maintenance management structure• 7,500 SF lot with RM-1 zoning offering long-term intrinsic land valueLong-Term Investment Security:The building has completed and received its 10-Year Recertification in accordance with Miami-Dade Ordinance 8-11(f), valid through 2035. This provides added confidence regarding structural and electrical compliance reducing the likelihood of near-term capital assessment exposure.Prime South Beach Location: Ideally positioned just steps from the transformative 500 Alton development, the new 3-acre public park, Baptist Health Center, Publix, and major lifestyle destinations.
Current real estate data for Commercial in Miami Beach as of Nov 06, 2026
82
Commercial Listed
197
Avg DOM
$5,661,805
Avg List Price
Listing Provided Courtesy of Lamarca & Co. Inc at 305-781-7034

Property Details

Price:
$3,150,000
MLS #:
A12015557
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Multi Family
Subdivision:
Miami Beach
Neighborhood:
2420
Listed Date:
May 8, 2026
Total Sq Ft:
3,600
Lot Size:
326,700,000 sqft / 0.17 acres (approx)
Year Built:
1935
Miami Beach

Schools

Interior

Flooring
Ceramic Tile, Laminate

Exterior

Construction Materials
Block
Parking Features
On Street
Roof
Barrel
Security Features
Motion Detector(s), Security Fence, Security Gate, Smoke Detector(s), Other

Financial

Taxes
$25,015

Map

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Community

Property Summary

    645 Lenox Avenue Miami Beach FL is a Commercial for sale in Miami Beach, FL, 33139. It is listed for $3,150,000 To schedule a showing of MLS#a12015557 at 645 Lenox Avenue in Miami Beach, FL, contact your Trust House Realty agent at 9543362003.

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