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901 Pennsylvania Ave, Miami Beach FL 33139

Multi-family For Sale
$3,450,000

BTC: 53.07692308

ETH: 1,916.66666667

-$49K (2026/05/22)
52 days
0 room(s)

Overview

Introducing 901 PENN, a prime South Beach investment on a 7,500 SF corner lot at Pennsylvania Ave & 9th St. This mixed-use property features six (6) apartments & four (4) ground-floor retail/office units with Washington Ave visibility, ensuring strong tenant demand. A stabilized income-generating asset offering multiple investment strategies, including retail repositioning, owner-user occupancy, or redevelopment potential. Recent capital improvements—new roof (2023), exterior paint, AC units, & more. Positioned in a high-foot-traffic area, surrounded by hotels, restaurants, shopping, and nightlife, 901 PENN benefits from unbeatable exposure and walkability. With strong rental income and scheduled increases, this is a lucrative Miami investment in a world- class destination.

Location

Florida • Miami Beach • 33139 • Multi-family • For Sale

Details

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

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,289,500
$655K – $4.0M
Confidence Low
List vs. estimate
$2.2M above estimate
List $3,450,000 · +167.5%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
8 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $291K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$59,664
2025
All facts and features

  • Flooring

    • Concrete

    • Tile

    Heating

    • Central

    • Window/Wall

    Cooling

    • Central Air

    • Wall/Window Unit(s)

    Other interior features

    • Stairs

  • Other Property Information

    • Parcel Number: 02-42-03-009-0220

    • Zoning: RO

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Other financial information

    • Annual tax amount: $59,664

  • Source details

    • MLS ID: A11998939

    Other facts

    • Construction Materials: Concrete Block Construction

    • Lot Features: Less Than 1/4 Acre Lot

    • Architectural Style: Attached

    • Subdivision Name: South Beach

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
1,059
median $590K
Active
Same city
Miami Beach
2,576
median $650K
Active
Same type
Multi-family
52
median $1.7M
Active
Similar price
$2.4M – $4.5M
221
median $3.2M
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: Compass Florida, LLC