# 934 Meridian Ave, Miami Beach, FL 33139

> **TL;DR:** commercial, $4,300,000, built 1959. Est. $22,997/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $4,300,000 |
| Year Built | 1959 |
| Lot Size | 7,000 sqft (0.16 acres) |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $21,743 |
| Estimated Insurance | $1,254 |
| **Total** | **$22,997** |

## Property Highlights

- Built in 1959
- 0.16 acre lot

## Description

### Agent Description
Rare South Beach multifamily investment opportunity at 934 Meridian Avenue. This two-story, 16-unit property features 14 studios and two one-bedroom/one-bath residences, totaling 8,807 SF on a 7,000 SF lot. Offered at $4,300,000, the property generates a seller-provided annualized T-10 NOI of $221,799, representing a 5.16% current cap rate. A new roof and new water heater address two major capital items, allowing a future owner to focus on unit-level cosmetic improvements and potential rent growth. Zoned RM-1 and ideally located on a beautiful tree-lined street near Flamingo Park, Washington Avenue, Lincoln Road, Espanola Way, Ocean Drive and the beach. Offering Memorandum and financial information available upon request.

## Location

- **Address:** 934 Meridian Ave, Miami Beach, FL 33139
- **County:** Miami-Dade

## Virtual Tour & Media

- **Video Tour:** https://www.propertypanorama.com/instaview/mia/A12056657

## Listing Agent

- **Name:** Marilina Apfelbaum · **License:** 0662372
- **Brokerage:** Beachfront Realty, Inc
- **Broker Phone:** (305) 534-4242

## Photos

![934 Meridian Ave - Photo 1](http://lh.rdcpix.com/9444b91f5d46821a5d8085b9febbfceel-f3683608800r.jpg)

![934 Meridian Ave - Photo 2](http://lh.rdcpix.com/9444b91f5d46821a5d8085b9febbfceel-f4039821055r.jpg)

![934 Meridian Ave - Photo 3](http://lh.rdcpix.com/9444b91f5d46821a5d8085b9febbfceel-f536765158r.jpg)

![934 Meridian Ave - Photo 4](http://lh.rdcpix.com/9444b91f5d46821a5d8085b9febbfceel-f2796903817r.jpg)

![934 Meridian Ave - Photo 5](http://lh.rdcpix.com/9444b91f5d46821a5d8085b9febbfceel-f3770231063r.jpg)

![934 Meridian Ave - Photo 6](http://lh.rdcpix.com/9444b91f5d46821a5d8085b9febbfceel-f122601344r.jpg)

---

**MLS#:** A12056657 | **Updated:** 2026-10-20
**Source:** listhub

*Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/934-meridian-ave-miami-beach-fl-33139-e8d822dfb7934cb7af47e5dc1c390357)

---

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