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Income/MultiFamily in Miami Beach

$3,200,000

Brickellsold Estimate* (fallback: list price)$3,200,000 (list price)

Listing courtesy of BHHS EWM Realty; Ben Brissi. Information from the Southeast Florida Multiple Listing Service is deemed reliable but is not guaranteed accurate.

For Sale
bedrooms

n/a

bathrooms

n/a

Square Footage

n/a

Type of Property

Income/MultiFamily, Commercial Sale

Details

Overview

Sub Type
Income/MultiFamily
Built In
1936
Taxes
$31,114/yr

Description

1329 Pennsylvania Avenue (aka Shermon Court) is a 1936 Art Deco building masterfully designed by Henry Hohauser, one of South Beach's signature architects in the Deco era. This is a well-maintained 8-unit apartment building, each with spacious 1-bed/1-bath layouts. The building also has common laundry facilities as well as 5 off street parking spaces. All units are occupied by excellent long-term tenants on month-to-month leases at $1,700 ?— well below market. With renovations, rents can be repositioned to $2,300 - $2,500, offering strong upside potential. The property has passed its 40-year recertification and boasts a rich Miami Beach history, blending architectural character with modern stability. A rare investment opportunity with secure cash flow and significant value-add potential.

This income/multifamily home located at 1329 Pennsylvania Ave, Miami Beach FL 33139 is currently for sale and has been available on Brickellsold for 259 days. This property is listed at $3M. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 1936. 1329 Pennsylvania Ave, Miami Beach FL 33139 is in Miami Beach county Miami-Dade County.

Interior

Features
  • Flooring:
  • Common walls with other units/homes:
Heating
Cooling
Appliances
Total structure area
5,760

Property

Parking
  • Parking Features:
Parcel Number
02-42-03-009-0700
Features
  • Entry location:
  • Exterior Features:
  • View Description:

Construction

Property subtype
Income/MultiFamily, Commercial Sale
Materials
Stucco
Condition
  • Year Built: 1936

Community & HOA

Community
  • Security Features:
HOA
  • Amenities:
Region
Miami Beach

Financial

Taxes
$31,114/yr
On Market Date
10/1/2025
Listing Terms
All Cash, Conventional/Refinance

Metadata

Added
10/2/2025
Updated
6/18/2026
MLS#
A11888408
Days on Market
259
Listed By
BHHS EWM Realty
Originating MLS
A-Miami Association of REALTORS

Neighborhood Insights

School and crime data are from public sources and are informational only.

Nearby Schools

Within 5 miles

  • Miami Beach Adult & Community Education Center • 0.0 mi • K-12
  • Miami Beach Fienberg/Fisher K-8 Center • 0.0 mi • K-12
  • Miami Beach South Pointe Elementary • 0.0 mi • K-12
  • Miami Beach Senior High • 0.0 mi • K-12
  • North Beach Elementary • 0.0 mi • K-12
  • Miami Beach Nautilus Middle • 0.0 mi • K-12

Nearby Hospitals

Within 3 miles

No nearby hospitals found.

Crime Overview

Crime data unavailable for this area.

Map

Price History

EventPriceDate
Original list price$3,200,000Oct 2, 2025

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