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Back 1124 Pennsylvania Avenue
Off Market

1124 Pennsylvania Avenue

Miami Beach FL 33139

8140 sq. ft.
Duplex
Last sold for $2,900,000
Fabrizio PassatoreFabrizio Passatore, last sold this property on 31 October 2025 after 237 days on market.

Overview

12 units Exclusive Investment Opportunity in Miami Beach Almost completely renovated 12-unit, 8,140 SF low-rise buildingseamlessly blends historic charm with modern appeal, offering investors a prime multifamily asset in a prestigiouslocation. Property Highlights: ? Turnkey Investment – Fully renovated with new roof (August 2024) ? Strong RentalHistory – 95% occupancy rate, ensuring stable cash flow ? Unit Mix & Sizes: 8 Studios (Avg. 500 SF) – Rented at$1,650/month - 4 One-Bedroom Units (Avg. 700 SF) – Rented at $2,100/month ? Recertification Passed – Fullycompliant and up to code ? Projected Cap Rate: 6.76% upon rental completion ART DECO` DISTRICT

Features

8140 sq. ft. floor area
Duplex

Estimated Value

Based on this property and similar duplexes sold in Miami Beach over the last 12 months, the estimated median property value of 1124 Pennsylvania Avenue is $2.86m.

Median value
$2.86m
Estimated value range
$1.76m - $5.7m
Median days on market
98
Estimated value trend
13%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Miami Beach. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1124 Pennsylvania Avenue

2025
Sold
$2,900,000
31 Oct 2025 by Fabrizio Passatore, of THE KEYES COMPANY
2010
Rented
Undisclosed
20 Nov 2010 by Professione Casa, LLC

Happy sellers in Miami Beach

93%
93% of sellers in Miami Beach reported that their sale price either exceeded or met their price expectations.

Miami Beach stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 8 reviews in Miami Beach over the last 12 months.

Local market activity for duplexes in Miami Beach

In the last 12 months, 7 duplexes similar to 1124 Pennsylvania Avenue, have been sold.

Nearby agents

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Judy Gazzoni

Judy Gazzoni is a recommended agent for Miami Beach.  They have 4 local sales and collected 1 local review across the last 12 months.

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Michelle Rabinovich

Michelle Rabinovich is a recommended agent for Miami Beach.  They have 2 local sales and collected 1 local review across the last 12 months.

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Steven Rosato

Steven Rosato is a recommended agent for Miami Beach.  They have 2 local sales and collected 1 local review across the last 12 months.

  •   5   (3 reviews)
  •  1 Review in Miami Beach
  •  2 Sales in Miami Beach
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Julieta Villafuerte

Julieta Villafuerte is a recommended agent for Miami Beach.  They have 2 local sales and collected 1 local review across the last 12 months.

  •   5   (2 reviews)
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