1561 Jefferson Avenue, Miami Beach, FL 33139

$4,250,000

Virtual Tour

https://show.tours/e/5Z3Fbc4

Property Type: Commercial Sale Square Footage: 10,334 Status: Active

Current Price: $4,250,000 List Date: 2/20/2026 Last Modified: 7/20/2026

Overview

Description

Opportunity to own a multifamily rental income in the heart of South Beach Miami. Expertly designed by a renowned Australian architect with interiors by Studio de la Vega, the building recently underwent a complete 2-year renovation of all mechanical and electrical wiring, plumbing, insulation, and flooring. The property features modern, bright, and open living spaces ranging from 450 to 895 square feet. Every unit is equipped with essential hurricane-impact windows, in-unit washer/dryer combos, refrigerators and dishwashers. This property sits in a fantastic location of South Beach living, culture, dining, and lifestyle. This is the investment of a lifetime in one of the most important cities in the country. With top CEOs relocating to take advantage of Florida’s magnificent weather and favorable tax climate, this is a rare gem. Located only six blocks from the Atlantic Ocean, this asset is perfectly primed for a future condo conversion, offering a high-margin exit strategy in the w ... (Read more)

Listing Details MLS# A11969099

General Property Information

Number Of Buildings: Yes
Property Sub Type: Multi Family
Number Of Units Total: 3
Occupant Type: Tenant
Building Area Main: 10334
Year Built: 9999
Lot Size Area: 7500
Lot Size Acres: 0.17
Stories Total: 2

Property Features

Building Features: Exterior Lighting Common Area Maintenance Includes: Lawn Care; Management Fees; Real Estate Tax; Sewer; Water Documents Available: Aerial Photo(s); Contracts; Copy Of Lease(s); Deed; Rent Rolls Flooring: Tile; Vinyl Heating: Central Individual; Electric Location of Property: City Location; In Residential Area; Other Possession: Close Of Escrow Property Condition: Resale Sale Includes: Building; Land; Leases Source Of Expenses: Books; Owner Provided; Tax Return Tenant Pays: Electricity; Interior Electric Construction Materials: Block Cooling: Central Individual Listing Terms: Cash; Conventional Lot Features: Landscaped Roof: Other Security Features: Smoke Detector(s) Utilities: Sewer Available Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent

Contract Information

Comp Sale YN: No
Original List Price: 4750000

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 1561
Street Name: Jefferson
Street Suffix: Avenue
City Name: Miami Beach
Municipal Code: 2
State Or Province: FL
Postal Code: 33139
Postal Code +4: 3763
Area: 2320
Parcel Number: 0232340021310
Subdivision Number: 2
Multiple Offers Accepted: Yes
Zoning: 3900
Flood Zone: AE
Property Description: 12 unit Multifamily

Financial Information

Tax Legal Description: LINCOLN SUB PB 9-69 LOT 13 BLK 62 LOT SIZE 50.000 X 150 OR 12428-2647 0285 4

Status Change Information

Major Change Timestamp: 2026-06-26T15:05:21Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-06-26T15:05:21Z
Status Change Date: 2026-02-20

More Information

Building and Property Details

# Of Toilets: 14

Short Sale Details

Lender Approval: Unapproved

Income and Expenses

Gross Income: 364800
Net Operating Income: 233896
Occupancy Percentage: 100

Description of Unit Type 1

Unit Type: 2 Bedroom
Units Total: 2
Furnished: No

Description of Unit Type 2

Unit Type: 2 Bedroom
Units Total: 4
Furnished: No

Description of Unit Type 3

Unit Type: 1 Bedroom
Units Total: 6
Furnished: No

Price Calculations

Current Price To SqFt: 411.26

Section Details

Parcel Number MLX: 1310

Originating Details

Originating System Key: 427809298
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Flooring

Tile: Yes
Vinyl: Yes

Property Condition

Resale: Yes

Documents Available

Aerial Photo(s): Yes
Contracts: Yes
Copy Of Lease(s): Yes
Deed: Yes
Rent Rolls: Yes

Tenant Pays

Electricity: Yes
Interior Electric: Yes

Location of Property

City Location: Yes
In Residential Area: Yes
Other: Yes

Possession

Close Of Escrow: Yes

Utilities

Sewer Available: Yes

Building Features

Exterior Lighting: Yes

Common Area Maintenance Includes

Lawn Care: Yes
Management Fees: Yes
Real Estate Tax: Yes
Sewer: Yes
Water: Yes

Heating

Central Individual: Yes
Electric: Yes

Sale Includes

Building: Yes
Land: Yes
Leases: Yes

Construction Materials

Block: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Landscaped: Yes

Roof

Other: Yes

Security Features

Smoke Detector(s): Yes

Water Source

Public: Yes

Source Of Expenses

Books: Yes
Owner Provided: Yes
Tax Return: Yes

Cooling

Central Individual: Yes

Showing Requirements

24 Hour Notice: Yes
Appointment Only: Yes
Call Listing Agent: Yes

Listing Office: The Corcoran Group

Last Updated: July - 20 - 2026

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1561 Jefferson Avenue, Miami Beach, FL 33139 (MLS# A11969099)