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Active - Quadruplex for sale

1438 Meridian Ave, Miami Beach FL 33139

4,644 sqft

Facts & features

Quadruplex Property type
163 days on Beycome
1936 Year built
$517 Price/Sqft.

Why you’ll love it

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.

Translating description...

Listings courtesy of Fortune International Realty.

Listed by: Jordan Lederman • 248-701-5200 • Fortune International Realty

Co-listed by: Fortune International Realty

Source: Miami MLS, MLS#: A12023899 Miami MLS logo

Based on info available as of Nov 13, 2026 at 7:00 PM EST.

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Affordability

$1,560,000$3,240,000
1%20%
0%90%
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Estimated monthly payment

$14,178/mo

  • Mortgage$12,136
  • Property tax$2,042
  • HOA fee
  • Homeowners insurance
Due at closing$1,908,000
Down payment held in escrow$480,000
Closing costs$36,000
beycome credit Est.$48,000

Beycome estimates only. Actual amounts and terms vary by lender and location.

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About Espanola Villas 1St Addn,Parkedge

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Flood & climate risk

FEMA Flood Zone AE

In a FEMA Special Flood Hazard Area — flood insurance is typically required with a federally-backed mortgage.

More details

Base flood elevation: 8 ft. Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.

Disclaimer

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Copyright ©2026. Based on information as of Nov 13, 2026 at 07:00pm EST.

$2,400,000 Listed price

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$48,000 Credit back

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