$4,300,000

934 Meridian, Miami Beach FL, 33139

Price per sqftN/A

Built in1959

Property typeCommercial

Courtesy of Marilina Apfelbaum with Beachfront Realty Inc

Overview

Active

Listed Jul 20, 2026

Updated Sep 14

Rare South Beach multifamily investment opportunity at 934 Meridian Avenue. This two-story, 16-unit property features 14 studios and two one-bedroom/one-bath residences, totaling 8,807 SF on a 7,000 SF lot. Offered at $4,300,000, the property generates a seller-provided annualized T-10 NOI of $221,799, representing a 5.16% current cap rate. A new roof and new water heater address two major capital items, allowing a future owner to focus on unit-level cosmetic improvements and potential rent growth. Zoned RM-1 and ideally located on a beautiful tree-lined street near Flamingo Park, Washington Avenue, Lincoln Road, Española Way, Ocean Drive and the beach. Offering Memorandum and financial information available upon request.

Additional information

MLS^® ID: A12056657

Interior Features

Basement: No

Exterior Features

Lot Size: 0.16 Acres

Courtesy of Beachfront Realty Inc, Marilina Apfelbaum,
Listing Contact: 786-287-3633

Based on information from Martin County REALTORS of the Treasure Coast, Inc. (RAMC) as of 9/14/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Data last updated 1:18 PM UTC, 9/14/2026