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815 W 39th St
Miami Beach, FL 33140
Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- Boutique 4-unit multifamily property in the highly desirable Mid-Beach neighborhood
- Prime central location near 41st Street, Mount Sinai Medical Center, the beach, and major transportation corridors
- Strong in-place income with stable tenant demand in a supply-constrained submarket
- Oversized, updated units with modern finishes, private entrances, and efficient layouts
- Flexible operational strategy, suitable for long-term rentals, furnished rentals, or seasonal use where permitted
- High-barrier-to-entry area with historically strong property values and persistent rental demand
EXECUTIVE SUMMARY
The Porosoff Group is pleased to exclusively present 815 W 39th Street, a boutique 4-unit multifamily property located in the highly desirable Mid-Beach neighborhood of Miami Beach. Nestled just steps from the waterways, 41st Street commercial corridor, and some of Miami Beach’s most prestigious residential enclaves, the property offers a rare opportunity to acquire a well-maintained asset in a supply-constrained, high-barrier-to-entry submarket.
The building features four oversized, updated units with modern finishes, private entrances, and functional layouts ideal for long-term tenants, furnished rentals, or flexible-stay configurations. Its central Mid-Beach location provides quick access to the beach, Mount Sinai Medical Center, top schools, restaurants, and major thoroughfares connecting to Brickell, Wynwood, and Miami International Airport.
With strong in-place income, stable demand drivers, and multiple operational paths—including traditional rentals, furnished rentals, or potential short-term/ seasonal use where permitted—815 W 39th Street represents an attractive, low-management investment opportunity in one of Miami Beach’s most stable and historically resilient residential markets.
The building features four oversized, updated units with modern finishes, private entrances, and functional layouts ideal for long-term tenants, furnished rentals, or flexible-stay configurations. Its central Mid-Beach location provides quick access to the beach, Mount Sinai Medical Center, top schools, restaurants, and major thoroughfares connecting to Brickell, Wynwood, and Miami International Airport.
With strong in-place income, stable demand drivers, and multiple operational paths—including traditional rentals, furnished rentals, or potential short-term/ seasonal use where permitted—815 W 39th Street represents an attractive, low-management investment opportunity in one of Miami Beach’s most stable and historically resilient residential markets.
PROPERTY FACTS
| Price Per Unit | $600,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| No. Units | 4 | Building Size | 4,178 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1938 |
| Zoning | RM-1 - RM-1: Residential Multifamily Low intensity | ||
| Price Per Unit | $600,000 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,178 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1938 |
| Zoning | RM-1 - RM-1: Residential Multifamily Low intensity |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Kitchen
- Hardwood Floors
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Picnic Area
- Cabana
- Furnished Units Available
- Grill
- Gas Range
- Recycling
- Vintage Building
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | - |
PROPERTY TAXES
| Parcel Number | 02-3227-015-0310 | Improvements Assessment | $209,148 |
| Land Assessment | $1,210,000 | Total Assessment | $1,419,148 |
PROPERTY TAXES
Parcel Number
02-3227-015-0310
Land Assessment
$1,210,000
Improvements Assessment
$209,148
Total Assessment
$1,419,148
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