1239 15th Street, Miami Beach, FL 33139

New Listing
$5,490,000
Property Type: Commercial Sale Square Footage: 6,590 Status: Active
Current Price: $5,490,000 List Date: 10/04/2026 Last Modified: 10/06/2026

Overview

Description

Exceptional multifamily investment opportunity featuring extensive renovations and significant capital improvements. Major upgrades include a NEW ROOF, NEW IMPACT WINDOWS, and NEW IMPACT DOORS. Approximately 85% of the apartments have been fully remodeled, offering updated interiors and a turnkey presentation. Units are furnished, providing additional flexibility for rental operations. This substantially improved income-producing property offers investors the opportunity to acquire a well-maintained multifamily asset with many of the major capital expenditures already completed, reducing near-term improvement costs. The combination of renovated units, significant building upgrades, established rental income, and potential for continued rental growth creates a compelling investment opportunity with strong long-term upside. Ideally positioned for an investor seeking both immediate income and future appreciation.

Listing Details MLS# A12100291

General Property Information

Property Sub Type
Multi Family
Occupant Type
Tenant
Building Area Main
6590
Year Built
1939
Lot Size Area
7500
Lot Size Acres
0.17

Property Features

Flooring: Laminate Heating: Electric Parking Features: Assigned Possession: Negotiable Sale Includes: Leases Construction Materials: CBS Cooling: Wall/Window Unit(s) Listing Terms: Cash; Conventional Roof: Concrete Security Features: Fire Alarm; Smoke Detector(s) Utilities: Sewer Available Water Source: Other Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent

Contract Information

Comp Sale YN
No
Original List Price
5490000

Location and Legal

Country
United States
County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
Street Number
1239
Street Name
15th
Street Suffix
Street
City Name
Miami Beach
Municipal Code
2
State Or Province
FL
Postal Code
33139
Postal Code +4
2388
Area
2320
Parcel Number
0232340180660
Subdivision Number
18
Zoning
3900
Flood Zone
AE

Financial Information

Tax Legal Description
COMMERCIAL SUB PB 6-5 LOT 10 BLK 66 A LOT SIZE 50.000 X 150 OR 19547-2607 0201 1

Status Change Information

Major Change Timestamp
2026-10-04T04:00:00Z
Major Change Type
New Listing
Status Change Date
2026-10-06

More Information

Price Calculations

Current Price To SqFt
833.08

Section Details

Parcel Number MLX
0660

Originating Details

Originating System Key
565764291
Originating System ID
M00000151
IDX
Listing Office: Viel & Ritter Realty Group, Inc.
Source MLS Verified
Last Updated: October - 06 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
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