1240 14th St, Miami Beach FL 33139
$3,990,000
Est. Payment $21,236/mo
1958
Year Built
2
Stories
67
Days on Market
Description
PRIME CORNER LOT | 12-UNIT MULTIFAMILY | 100% OCCUPIED | VALUE-ADD OPPORTUNITY This is a rare opportunity to acquire a stabilized, income-producing asset with immediate cash flow and a clear path to forced appreciation through organic rent growth. 12 Total Units: · Unit Mix: 10 x 1BD/1BA | 2 x 2BD/2BA · Total Building Size: 13,300 SF · Occupancy: 100% · Onsite Parking · Below-Market Rents | Strong Value-Add Upside · Corner Lot | High Visibility Location 100% occupancy demonstrates the property’s consistent desirability and the strength of local rental demand. Current rents remain below market, presenting a clear value-add opportunity for an investor to execute a strategic rent repositioning strategy and unlock meaningful upside in NOI and overall asset value.
Facts
- MLS#
- A11973033
- Subdivision
- —
- Property Type
- Commercial Sale
- Property Sub Type
- Income/MultiFamily
- Year Built
- 1958
- Lot Size
- 9,750 ft²
- Sq. Ft.
- —
- Sq. Mt.
- —
- Price per sq. ft.
- —
- Price per sq. mt.
- —
- Stories
- 2
- Garage
- —
- Pool
- —
- Days on Market
- 67 days
- Listed
- Feb 26, 2026
- Last Updated
- May 4, 2026
- Price/Lot Sq.Ft.
- $409/ft²
Market insights for Miami Beach
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Buyers market
May 2026
30
Median days to sold
-1.2%
1-year price forecast (est.)
Price & tax history
From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).
| 2/26/2026 | Listed for sale | $3,990,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
GreatSchools Summary Ratings
Public + private K-12 schools within 5 miles of this listing.
The 2nd House Preschool LLCUG · private · 0.3 mi
- Conchita Espinosa Academy
PK,KG,1,2,3,4,5,6,7,8 · private · 0.5 mi
- Just Kids Centers
PK,KG,1,2,3,4,5 · private · 0.7 mi
- Belen Jesuit Prep School
6,7,8,9,10,11,12 · private · 0.7 mi
- Just Kids Centers Inc
PK,TK,KG,1,2,3 · private · 0.8 mi
- Lincoln Marti Community Agency 43
PK,TK,KG,1 · private · 0.9 mi
- Lincoln Marti Child Care Center-143rd Ave
PK,KG · private · 0.9 mi
- Joe Hall Elementary School
PK,KG,1,2,3,4,5 · public · 0.9 mi
- Just Kids Centers
PK,TK,KG,1,2,3,4,5 · private · 1.0 mi
- Just Kids Centers
KG,1,2,3,4,5,6,7 · private · 1.0 mi
Data provided by GreatSchools.org © 2026. All rights reserved.Estimated Monthly Payment
$24,711/mo
Principal & Interest
$21,236
Property Tax
$3,325
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
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