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1150 8th St, Miami Beach FL 33139

Multi-family Recently Sold
$2,820,000

BTC: 44.06250000

ETH: 1,615.12027491

Sold on: 2026-01-08
New
0 room(s)
5,426 sqft

Overview

Steps away from 500 Alton Project, 3 Acre Park Coming To Alton Road 4 Unit Multi-Family on Alton & 8th Street, on the same block as the New Baptist Health Center in Miami Beach. AAA Location - IDEAL for Owner Users, Developer or Investors. Flexible CD-2 Zoning allows for Medical Offices / Retails / Hotels / Short Term Rentals, and Other Commercial Uses. High Traffic Count Intersection & Close to Major Retailers. FAR 2.0 = Develop 15,000 sqft 5 story building. Total Monthly income: $15,100, move in 5.3% CAP Rate with potential upside on the rents! Tenants Pay all expense. the only thing landlord pays is monthly gardening fees, along with taxes and insurance annually! All Units come furnished with inventory list, they are all the exact same on the interior!

Location

Florida • Miami Beach • 33139 • Multi-family • Recently Sold

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1948
Lot:
No Data
Heating:
Other
Price/sqft:
$520
Cooling:
Wall/Window Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,289,500
$1.0M – $2.8M
Confidence Low
List vs. estimate
$1.5M above estimate
List $2,820,000 · +118.7%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$519
+14.3% vs. city median $454
Based on
6 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $440K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$37,946
2025
All facts and features

  • Flooring

    • Vinyl

    Heating

    • Other

    Cooling

    • Wall/Window Unit(s)

  • Other Property Information

    • Parcel Number: 02-42-03-009-8650

    • Zoning: 6400

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Other financial information

    • Annual tax amount: $37,946

  • Source details

    • MLS ID: A11923435

    Other facts

    • Construction Materials: Concrete Block With Brick

    • Lot Features: Less Than 1/4 Acre Lot

    • Architectural Style: Other

    • Living Area: 5426

    • Subdivision Name: OCEAN BEACH ADDN NO 3

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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Market around this address

Live counts in the same area.
View all
This zip
33139
1,079
median $588K
Active
Same city
Miami Beach
2,606
median $650K
Active
Same type
Multi-family
54
median $1.7M
Active
Similar price
$2.0M – $3.7M
235
median $2.7M
Active

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: Alexandria Realty Group LLC