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765 Lenox Ave, Miami Beach FL 33139

Commercial For Sale
$4,800,000

BTC: 58.73355766

ETH: 1,951.21951220

43 days
0 room(s)

Overview

Exceptional 12-Unit Investment Opportunity in the Heart of Miami Beach! Discover a rare opportunity to own an Art Deco, two-story, 12-unit condo building in one of Miami Beach’s most desirable locations. The property features 10 one-bedroom/one-bath units and 2 studio units, offering an attractive mix for investors seeking a strong income-producing asset. Each unit features wood flooring throughout, with tile flooring in the bathrooms. The property offers residential-only use and street parking, providing a low-maintenance investment opportunity in a highly sought-after neighborhood. Ideally situated within walking distance of the beach and just minutes from an array of shopping, dining, entertainment, and other Miami Beach attractions, this property offers excellent potential for both long-term income and future appreciation. Don’t miss this exceptional opportunity to acquire a well-located multifamily asset in the heart of Miami Beach.

Location

Details

Type:
Commercial Sale
Parking:
On Street
Year Built:
1954
Lot:
7500 Square Feet
Heating:
Wall/Window Units
Price/sqft:
No Data
Cooling:
Wall/Window Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$4,750,000
$4.3M – $4.9M
Confidence Medium
List vs. estimate
At estimate
List $4,800,000 · +1.1%
List is in line with recent comparable activity.
Based on
6 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $389K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.
All facts and features
  • Flooring

    • Ceramic Floor

    Heating

    • Wall/Window Units

    Cooling

    • Wall/Window Unit(s)

  • Parking

    • On Street

    Lot

    • Lot: 7500 Square Feet

    Other Property Information

    • Parcel Number: 02-42-03-009-7630

    • Zoning: 3900

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Income/MultiFamily

  • Source details

    • MLS ID: A12075021

    Other facts

    • Construction Materials: CBS Construction / Sheet Rock

    • Lot Features: Beach Access / Corner Lot

    • Water Source: Public

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: One Stop Realty