PARKEDGE – Fully Renovated 6 UNIT South Beach Multifamily Investment. Rare opportunity to own a turnkey income property with Six 1-bed/1-bath units on Meridian Avenue, directly across from Flamingo Park in the heart of Miami Beach. This Art Deco building features six fully renovated units including 2 loft-style residences and 4 one-bedroom/one-bath apartments. Currently 100% occupied with strong rental upside as in-place rents remain below current market rates. All tenants hold annual leases providing stable income. Gut renovated building with all-new plumbing, electrical, HVAC systems, roof, and impact windows. Brazilian Cherrywood and wood flooring flows through every unit complemented by granite and quartz countertops. Upper-level units feature soaring cathedral-style ceilings. Stainless steel appliances, designer cabinetry, and in-unit washer/dryers complete the condo-level finishes. Situated near Lincoln Road, Española Way and 4 blocks to the beach, residents enjoy immediate access to Flamingo Park featuring 17 tennis courts, aquatic center, and tropical grounds. The building is surrounded by South Beach's finest dining, Art Basel, and world-class entertainment in one of Miami Beach's most famous neighborhoods. The building has completed its 40/50-year structural certification. Contact for complete financials, rent roll, and private showing.
For sale
$2,400,000
1438 Meridian Ave, Miami Beach, FL 33139
6beds
6baths
4,644sqft
Quadruplex
Built in 1936
-- sqft lot
$-- Zestimate®
$517/sqft
$-- HOA
What's special
Fully renovated unitsGranite and quartz countertopsLoft-style residencesSoaring cathedral-style ceilingsImpact windowsStainless steel appliancesDesigner cabinetry
- 91 days
- 433
- 38
Zillow last checked:
Listing updated:
Listed by:
Jordan Lederman 248-701-5200,
Fortune International Realty
Source: MIAMI,MLS#: A12023899
Originating MLS: A-Miami Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
Heating
- Electric
Cooling
- Central Air, Electric
Features
- Stairs
- Flooring: Tile, Wood
- Windows: Complete Impact Glass
Interior area
- Total structure area: 4,644
- Total interior livable area: 4,644 sqft
Video & virtual tour
Property
Features
- Stories: 2
- Exterior features: Balcony
Lot
- Features: Less Than 1/4 Acre Lot
Details
- Parcel number: 0232340150260
- Zoning: 2800
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Concrete Block Construction
- Roof: Built-Up
Condition
- Updated/Remodeled
- Year built: 1936
Utilities & green energy
- Sewer: Public Sewer
- Water: Municipal Water
Community & HOA
Community
- Subdivision: Espanola Villas 1st Addn,Parkedge
HOA
- Has HOA: No
Location
- Region: Miami Beach
Financial & listing details
- Price per square foot: $517/sqft
- Annual tax amount: $24,505
- Date on market: 6/4/2026
- Listing terms: All Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/5/2026 | Listed for sale | $2,400,000+6.7%$517/sqft |
Source: | ||
| 2/26/2015 | Listing removed | $2,250,000$484/sqft |
Source: Borda Commercial Real Estate, Inc. #A2060326 Report a problem | ||
| 1/22/2015 | Listed for sale | $2,250,000$484/sqft |
Source: Borda Commercial Real Estate, Inc. #A2060326 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment





