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Under contract
    • Price cut: $49K (5/22)
    $3,450,000

    901 Pennsylvania Ave, Miami Beach, FL 33139

    --beds
    --baths
    --sqft
    : 
    $23,680/mo
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    Quadruplex
    Built in 1948
    -- sqft lot
    $3,240,300 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Exterior paintAc units
    Introducing 901 PENN, a prime South Beach investment on a 7,500 SF corner lot at Pennsylvania Ave & 9th St. This mixed-use property features six (6) apartments & four (4) ground-floor retail/office units with Washington Ave visibility, ensuring strong tenant demand. A stabilized income-generating asset offering multiple investment strategies, including retail repositioning, owner-user occupancy, or redevelopment potential. Recent capital improvements—new roof (2023), exterior paint, AC units, & more. Positioned in a high-foot-traffic area, surrounded by hotels, restaurants, shopping, and nightlife, 901 PENN benefits from unbeatable exposure and walkability. With strong rental income and scheduled increases, this is a lucrative Miami investment in a world- class destination.
    111 days
    |
    264
    |
    15
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Jesse Spencer 305-632-7195,

    Compass Florida, LLC,

    Joseph Biscaha 786-881-9894,

    Compass Florida, LLC

    Source: MIAMI,MLS#: A11998939MLS LogoOriginating MLS: A-Miami Association of REALTORS

      Facts & features

      Interior

      Heating
      • Central, Window/Wall
      Cooling
      • Central Air, Wall/Window Unit(s)
      Features
      • Stairs
      • Flooring: Concrete, Tile
      Video & virtual tour

      Property

      Features
      • Stories: 2
      Lot
      • Features: Less Than 1/4 Acre Lot
      Details
      • Parcel number: 0242030090220
      • Zoning: RO

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Quadruplex
      Materials
      • Concrete Block Construction
      • Roof: Composition Roll
      Condition
      • Year built: 1948

      Utilities & green energy

      • Sewer: Public Sewer

      Community & HOA

      Community
      • Subdivision: South Beach
      HOA
      • Has HOA: No
      Location
      • Region: Miami Beach

      Financial & listing details

      • Tax assessed value: $3,312,900
      • Annual tax amount: $59,664
      • Date on market: 2/2/2026
      • Listing terms: Conventional

        Estimated market value

        $3,240,300

        $3.08M - $3.40M

        $3,659/mo

        Price history

        DateEventPrice
        7/25/2026Pending sale$3,450,000
        Source: MIAMI #A11998939 Report a problem
        7/17/2026Listing removed$1,700
        Source: Zillow Rentals Report a problem
        7/15/2026Price change$1,700-5.3%
        Source: Zillow Rentals Report a problem
        6/25/2026Listed for rent$1,795
        Source: Zillow Rentals Report a problem
        5/22/2026Price change$3,450,000-1.4%
        Source: MIAMI #A11998939 Report a problem
        4/10/2026Listed for sale$3,499,000-6.1%
        Source: MIAMI #A11998939 Report a problem
        2/4/2022Sold$3,725,000+12.9%
        Source: Public Record Report a problem
        12/29/2017Sold$3,300,000+587.5%
        Source: Public Record Report a problem
        8/25/1993Sold$480,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$62,150 -0.2%$3,312,900
        2024$62,254 +6.3%$3,312,900 +6.9%
        2023$58,580 +1%$3,100,000 +0.6%
        2022$58,003 +7.3%$3,080,000 +10%
        2021$54,063 -0.3%$2,800,000
        2020$54,207 +3.6%$2,800,000 +3.7%
        2019$52,322 +3.1%$2,700,000
        2018$50,771 $2,700,000 +127.5%
        2017$50,771 +75.7%$1,186,854 +10%
        2016$28,904 +47.6%$1,078,959 +10%
        2015$19,589 +2.1%$980,872 +4.8%
        2014$19,195 +5.5%$935,702 +10%
        2013$18,199 +0%$850,639 -4.3%
        2012$18,199 -1.5%$889,034 -0.4%
        2011$18,483 -6.6%$892,939 -0.4%
        2010$19,790 -12.1%$896,845 -18.1%
        2009$22,518 -2.1%$1,094,650 +6.5%
        2007$23,002 +1.8%$1,027,628
        2006$22,598 --
        2005$22,598 +41.9%--
        2004$15,931 +25.4%--
        2003$12,708 +4.9%--
        2002$12,111 --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Flamingo Lummus

        Getting around

        97 / 100
        Walker's Paradise
        50 / 100
        Good Transit
        78 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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