Home
Miami Beach
For Sale
INCOME/MULTIFAMILY
531 16th St, Miami Beach FL 33139
531 16th St, Miami Beach FL 33139
$1,700,000
₿≈ ₿25.8748
MLS A11975379 · 128 days on market
Income/MultiFamily
Type
1947
Built
Listing courtesy of
Avanti Way Commercial
Fernando Arencibia JR.
MLS® #A11975379
Listing information last updated March 18, 2026
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Overview
This income/multifamily in Miami Beach is listed for sale at $1,700,000. Built in 1947.
Unique opportunity to acquire this Land Lease with excellent income-producing 14-unit multifamily building in the heart of South Beach. Building offers a healthy unit mix, fully rented, low expenses, quality long-term tenants. Favorable land lease structure expiring in 20 years, low fixed annual lease payment for the entirety of the lease term with no escalations! NEW ROOF! Completed December 2024. Great cap rate in a strong rental market with upside on rents, financing opportunities available. Located in the heart of South Beach and the historic Art Deco District, ideally situated just steps away from the world-famous Lincoln Road and its promenade of 200+ retail shops, restaurant and cafes. Building is well-kept and well-managed. Financials available upon request.
Listing history
Listed for sale
Mar 17, 2026 · MIAMI MLS
$1,700,000
Days on market
as of today
128 days
Property details
MLS #A11975379
Price$1,700,000
Year built1947
TypeIncome/MultiFamily
StatusFor Sale
Features & amenities
Open Parking
Location
531 16th St, Miami Beach FL 33139
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List your rental →Listing data © MIAMI MLS · IDX information deemed reliable but not guaranteed · 128 days on market.
We do not advertise a “free” buyer’s agent; buyer-representation compensation is disclosed in writing. Bitcoin pricing is indicative and updates with the market — not financial, tax, or legal advice. Buyer to independently verify all measurements, assessments, and flood & insurance facts.