1240 14th St, Miami Beach FL 33139
$3,990,000
Est. Payment $21,236/mo
1958
Year Built
2
Stories
100
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
- 100 days
- Listed
- Feb 26, 2026
- Last Updated
- May 19, 2026
- Price/Lot Sq.Ft.
- $409/ft²
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Market insights for Miami Beach
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
July 2026
37
Median days to sold
+4.5%
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.
Aventura City Of Excellence SchoolKG,1,2,3,4,5,6,7,8 · charter · 0.5 mi
- St Lawrence Elementary School
KG,1,2,3,4,5,6,7,8 · private · 0.6 mi
- Norman S. Edelcup/Sunny Isles Beach K-8
PK,KG,1,2,3,4,5,6,7,8 · public · 0.6 mi
- SmartKids Miami
PK,KG · private · 0.7 mi
- Philosophical and Spiritual University
UG · private · 0.9 mi
- Biscayne Academy
UG · private · 1.1 mi
- The Tauber Academy
PK,KG · private · 1.2 mi
- Spirit Of Christ Child Development Center & Academy
PK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 1.2 mi
- Spirit Of Christ Child Development Center
PK,KG · private · 1.2 mi
- Spirit of Christ Child Development Academy
PK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 1.2 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.
The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated within 24 hours
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