1526 Pennsylvania Ave Unit 2

Miami Beach, FL 33139 · condos · For Sale · 306 days on market

Asking price$245,000

1 beds 1 baths 456 sqft

Suggested offer$233,299$11,701 above the est. market value of $233,299.

View on Realtor.com →

Listed by Valerio Spinaci · Opera Rei Inc

Typecondos

Built1938

Price / sqft$537

Est. value (own analysis)$233,299

Rent estimate (own analysis)$2,200/mo

HOA$150/mo

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Statusfor_sale

Listed date2025-10-31

Removed date—

MLSMiamiMLS #A11906214

Coordinates25.78809, -80.13456

Address1526 Pennsylvania Ave Unit 2

CityMiami Beach

StateFL

Zip33139

Listing ID5982618135

Sourceus-real-estate-listings, cached 2026-08-30

ZIP market snapshot (33139)

Typical home value (ZHVI)$471,015

Typical rent (ZORI)$2,928/mo

Zillow Research's ZHVI (home value index) and ZORI (rent index) for this ZIP, as of 2026-07 — free published data, refreshed monthly, no RentCast quota spent. "Typical value/rent" is a smoothed index, not a literal median of active listings.

Underwriting (buy-and-hold, default assumptions)

Acquisition (one-time, not monthly/yearly)

MonthlyYearly

✎ Edit

Purchase price $245,000

Down payment (20.0%) $49,000

Loan amount $196,000

Closing costs (5.0%) $12,250

Total cash to close $61,250

Income

Rent (comp-derived) $2,200$26,400

Vacancy loss (8.0%)

Effective gross income $2,024$24,288

Operating expenses

Property tax (placeholder 1.9% of price) $388$4,655

Insurance (placeholder 0.8% of price) $163$1,960

HOA dues $150$1,800

Management (0.0% of EGI) $0$0

Maintenance (5.0% of GSR) $110$1,320

Total operating expenses $811$9,735

Net operating income (NOI)

Debt service & reserves

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

CapEx reserve (5.0% of GSR) $110$1,320

Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) $0$0

Cash flow

Cap rate

Cash-on-cash

DSCR

Rent-to-price (1% rule)

Gross rent multiplier

Operating expense ratio

Break-even occupancy

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

Type	Beds	Baths	Sqft	Asking rent	Listed	Days on market
apartment	1	1	600	$2,000	2026-01-26	—
apartment	1	1	600	$2,000	2026-01-26	—
condos	1	1	555	$3,000	2026-08-07	—
condos	1	2	600	$5,500	2024-05-13	—
apartment	1	1	500	$2,000	2026-08-24	—
apartment	1	1	420	$1,595	2026-07-20	—
condos	1	1	420	$1,950	2026-07-22	—
condos	1	1	586	$1,900	2026-05-02	—
condos	1	1	560	$1,800	2026-08-20	—
condos	1	1	580	$2,400	2026-07-21	—
condos	1	1	513	$2,300	2026-04-30	—
condos	1	1	321	$2,500	2026-08-28	—
condos	1	1	460	$2,450	2026-08-28	—
condos	1	1	535	$2,450	2026-08-28	—
condos	1	1	462	$2,450	2026-08-28	—
condos	1	1	526	$1,900	2026-07-09	—
condos	1	1	593	$2,000	2026-08-19	—
condos	1	1	600	$2,350	2026-08-19	—
condos	1	1	534	$1,900	2026-08-27	—
condos	1	1	475	$2,000	2026-08-24	—
condos	1	1	511	$2,300	2026-07-29	—
condos	1	1	527	$2,300	2026-08-27	—
condos	1	1	609	$2,300	2026-07-30	—
condos	1	1	368	$2,000	2026-08-12	—
condos	1	1	473	$2,200	2026-08-24	—
condos	1	1	565	$2,500	2026-08-24	—
condos	1	1	513	$1,800	2026-07-27	—
apartment	1	1	508	$1,900	2026-07-09	—
condos	1	1	522	$2,100	2026-08-06	—
condos	1	1	450	$1,700	2026-07-16	—
condos	1	1	414	$2,000	2026-07-10	—
condos	1	1	491	$1,700	2026-03-14	—
condos	1	1	528	$2,900	2026-07-20	—
condos	1	1	487	$2,000	2026-07-13	—
condos	1	1	500	$2,200	2026-08-21	—
condos	1	1	516	$1,800	2026-06-30	—
condos	1	1	581	$2,400	2026-08-22	—
condos	1	1	599	$2,200	2026-07-31	—
condos	1	1	448	$2,250	2026-07-25	—
condos	1	1	420	$2,000	2026-08-20	—
condos	1	1	535	$2,400	2026-03-20	—
condos	1	1	554	$2,600	2026-05-04	—
condos	1	1	450	$1,750	2026-07-14	—
condos	1	1	590	$2,300	2026-07-29	—
condos	1	1	590	$1,600	2026-08-10	—
condos	1	1	450	$2,200	2026-07-21	—
condos	1	1	325	$1,850	2026-05-06	—
condos	1	1	521	$2,100	2026-08-17	—
condos	1	1	420	$2,300	2026-08-24	—
condos	1	1	434	$1,950	2026-08-07	—
apartment	1	1	420	$1,900	2026-06-02	—
condos	1	1	534	$2,125	2026-08-22	—
condos	1	1	493	$1,800	2026-06-18	—
condos	1	1	590	$2,500	2026-08-17	—
condos	1	1	500	$2,100	2026-06-23	—
condos	1	1	610	$2,599	2026-07-29	—
condos	1	1	500	$1,800	2026-07-02	—
condos	1	1	550	$2,000	2026-05-13	—
apartment	1	1	450	$1,950	2026-07-29	—
condos	1	1	426	$2,350	2026-06-11	—
condos	1	1	530	$2,400	2026-05-15	—
apartment	1	1	475	$2,050	2026-08-11	—
condos	1	1	422	$1,850	2026-05-25	—
condos	1	1	456	$1,750	2026-03-17	—
condos	1	1	420	$1,650	2026-06-11	—
condos	1	1	410	$2,000	2026-05-27	—
apartment	1	1	596	$2,950	2026-07-01	—
condos	1	1	565	$3,000	2026-08-04	—
condos	1	1	400	$2,000	2026-06-03	—
condos	1	1	446	$2,000	2026-04-30	—
condos	1	1	453	$2,050	2026-05-18	—
condos	1	1	580	$2,300	2026-08-20	—
condos	1	1	578	$2,750	2026-08-17	—
condos	1	1	453	$2,000	2026-08-11	—
condos	1	1	600	$2,200	2026-03-05	—
condos	1	1	550	$2,600	2026-07-04	—
condos	1	1	411	$2,500	2026-07-19	—
condos	1	1	420	$2,200	2026-06-19	—
condos	1	1	550	$3,000	2026-08-14	—
condos	1	1	418	$1,850	2026-08-07	—
condos	1	1	520	$2,400	2026-08-12	—
condos	1	1	540	$2,250	2026-08-11	—
condos	1	1	436	$2,000	2026-08-11	—
apartment	1	1	514	$1,900	2026-07-28	—
condos	1	1	540	$2,100	2026-08-03	—
condos	1	1	530	$2,100	2026-08-05	—
condos	1	1	472	$1,650	2025-11-04	—
condos	1	1	603	$2,150	2026-08-13	—
condos	1	1	550	$2,500	2026-06-17	—
condos	1	1	425	$2,200	2026-06-30	—
condos	1	1	448	$2,000	2026-06-17	—
condos	1	1	545	$2,500	2026-05-11	—
condos	1	1	410	$3,000	2025-06-08	—
apartment	1	1	590	$2,500	2026-05-01	—
condos	1	1	436	$1,950	2026-06-17	—
apartment	1	1	500	$1,950	2026-07-29	—
condos	1	1	410	$1,900	2026-08-12	—
condos	1	1	573	$2,000	2026-06-04	—
condos	1	1	550	$2,600	2026-04-08	—
condos	1	1	428	$1,900	2026-07-24	—
condos	1	1	422	$2,300	2026-07-15	—
apartment	1	1	451	$1,900	2025-12-08	—
condos	1	1	402	$2,250	2026-08-02	—
apartment	1	1	428	$1,900	2026-06-09	—
condos	1	1	530	$2,700	2026-06-26	—
apartment	1	1	540	$2,700	2026-08-06	—
condos	1	1	560	$2,900	2026-08-03	—
condos	1	1	411	$2,200	2026-06-17	—
apartment	1	1	470	$2,050	2026-07-13	—
condos	1	1	535	$3,000	2025-04-11	—
condos	1	1	550	$2,800	2023-09-19	—
condos	1	1	538	$3,000	2026-07-10	—
condos	1	1	520	$2,800	2026-04-16	—
condos	1	1	511	$2,350	2026-07-03	—
condos	1	1	462	$3,150	2026-02-18	—
condos	1	1	610	$2,599	2026-07-29	—
condos	1	1	560	$2,600	2026-05-04	—
apartment	1	1	570	$2,500	2025-05-14	—
condos	1	1	550	$2,800	2026-03-06	—
condos	1	1	468	$2,200	2026-07-10	—
condos	1	2	560	$3,200	2026-05-04	—
condos	1	1	545	$2,500	2026-05-11	—
condos	1	1	525	$3,500	2024-11-10	—
condos	1	1	462	$2,700	2026-08-12	—
condos	1	1	525	$3,500	2020-11-18	—
condos	1	1	570	$2,800	2024-11-13	—
condos	1	1	530	$2,700	2026-01-14	—
condos	1	1	535	$2,950	2026-01-23	—
apartment	1	1	510	$2,500	2025-01-31	—
apartment	1	1	550	$2,500	2023-04-20	—
apartment	1	1	540	$2,500	2025-05-13	—
apartment	1	1	550	$2,500	2025-05-13	—
condos	1	1	550	$3,200	2026-04-20	—
condos	1	1	560	$3,500	2026-04-21	—
condos	1	1	530	$3,450	2024-08-19	—
condos	1	1	530	$3,500	2025-03-14	—
condos	1	1	565	$3,500	2018-05-01	—
condos	1	1	525	$3,500	2025-07-16	—
condos	1	1	550	$4,000	2021-07-19	—
condos	1	1	480	$2,050	2026-08-10	—
apartment	1	1	450	$1,700	—	—
apartment	1	2	600	$2,275	—	—
apartment	1	1	475	$2,050	2026-08-12	—
apartment	1	1	419	$2,100	—	—
apartment	1	1	450	$1,850	2023-11-06	—
apartment	1	1	575	$2,350	2026-08-07	—
apartment	1	1	500	$1,815	—	—
apartment	1	1	500	$2,000	—	—
apartment	1	1	500	$1,849	—	—
apartment	1	1	500	$1,850	—	—
apartment	1	1	500	$2,000	—	—
apartment	1	1	450	$1,750	—	—
apartment	1	1	450	$2,130	—	—
apartment	1	1	500	$2,000	—	—
apartment	1	1	500	$2,000	—	—
apartment	1	1	450	$2,155	—	—
apartment	1	1	441	$2,140	—	—
apartment	1	1	514	$2,350	—	—
apartment	1	1	565	$2,600	—	—
condos	1	1	596	$2,700	2026-07-08	—
apartment	1	1	600	$1,800	2026-07-08	—
condos	1	1	590	$2,650	2026-08-28	—
condos	1	1	448	$1,900	2026-08-31	—
apartment	1	1	500	$1,950	2026-08-31	—
apartment	1	1	600	$2,400	2026-08-31	—
apartment	1	1	500	$1,950	2026-08-31	—
condos	1	1	490	$2,050	2026-09-01	—
condos	1	1	450	$2,000	2026-09-01	—

Same ZIP & bedroom count. Closed sales from Realtor.com over the last 12 months, matched to this property's type — real transaction prices, not asking prices. Falls back to Miami-Dade County public records (property appraiser tax roll) when Realtor.com has no sales on file for the area.

Address	Type	Beds	Baths	Living sqft	Sale price	Sale date
1045 10th St Apt 204	condos	1	2	890	$350,000	2026-09-02
500 Alton Rd Unit 501	condos	1	2	1,075	$990,000	2026-09-02
500 Alton Rd Unit 1906	condos	1	2	1,010	$1,360,000	2026-09-01
140 Jefferson Ave Apt 14005	condos	1	3	960	$719,000	2026-08-31
1309 Euclid Ave Apt 7	condos	1	1	700	$235,000	2026-08-26
363 Washington Ave Apt 32	condos	1	1	590	$385,000	2026-08-26
1035 West Ave Ph 6	condos	1	1	576	$250,000	2026-08-24
100 Jefferson Ave Apt 10004	condos	1	2	960	$500,000	2026-08-24
1334 Euclid Ave Apt 7	condos	1	1	645	$260,000	2026-08-21
1605 Bay Rd Apt 503	condos	1	2	700	$330,000	2026-08-20
110 Washington Ave Apt 2309	condos	1	2	826	$600,000	2026-08-17
815 Euclid Ave Apt 7	condos	1	1	566	$235,000	2026-08-14
760 Jefferson Ave Apt 5	condos	1	1	407	$200,000	2026-08-14
2100 Park Ave Apt 108	condos	1	2	800	$460,000	2026-08-11
1500 Bay Rd Unit 1464S	condos	1	1	731	$485,000	2026-08-11
900 Meridian Ave Apt 104	condos	1	1	535	$265,000	2026-08-06
435 21st St Unit 307	condos	1	1	596	$328,000	2026-08-04
1419 West Ave Unit 106	condos	1	1	475	$182,500	2026-08-01
401 Ocean Dr Apt 324	condos	1	1	655	$380,000	2026-07-31
1100 West Ave Ph 1601	condos	1	1	700	$370,000	2026-07-31
1330 Drexel Ave Apt 205	condos	1	1	720	$280,000	2026-07-31
1200 West Ave Apt 316	condos	1	1	837	$365,000	2026-07-31
1100 West Ave Unit 624	condos	1	1	694	$490,000	2026-07-30
1100 West Ave Unit 1617	condos	1	1	694	$399,000	2026-07-25
650 West Ave Apt 3006	condos	1	1	746	$550,000	2026-07-24
221 Meridian Ave Apt 309	condos	1	1	621	$312,000	2026-07-23
800 West Ave Apt 336	condos	1	1	810	$345,000	2026-07-21
401 Ocean Dr Apt 421	condos	1	1	655	$472,000	2026-07-17
350 Collins Ave Apt 306	condos	1	1	700	$200,000	2026-07-17
1455 West Ave Apt 202	condos	1	2	897	$330,000	2026-07-17
500 Alton Rd Unit 2004	condos	1	2	1,000	$1,375,000	2026-07-15
800 West Ave Apt 527	condos	1	1	810	$500,000	2026-07-15
1100 West Ave Unit 910	condos	1	1	696	$450,000	2026-07-10
1000 West Ave Apt 1423	condos	1	1	852	$510,000	2026-07-09
719 Meridian Ave Apt 7	condos	1	1	500	$230,000	2026-07-08
1551 Michigan Ave Apt 10	condos	1	1	500	$237,000	2026-07-08
855 Euclid Ave Apt 402	condos	1	2	793	$305,000	2026-07-07
1601 Lenox Ave Unit 1601-10	condos	1	1	682	$312,000	2026-07-06
1611 West Ave Apt 9	condos	1	1	630	$275,000	2026-07-02
1100 West Ave Unit 520	condos	1	1	696	$399,000	2026-06-30
1480 Euclid Ave Apt 201	condos	1	1	837	$290,000	2026-06-30
730 Pennsylvania Ave Apt 210	condos	1	1	725	$220,000	2026-06-29
1250 Ocean Dr Unit 3F	condos	1	2	894	$752,500	2026-06-26
1200 West Ave Apt 315	condos	1	2	990	$371,000	2026-06-26
363 Washington Ave Apt 35	condos	1	1	600	$377,000	2026-06-25
1820 James Ave Apt 4E	condos	1	1	775	$250,000	2026-06-25
1100 West Ave Unit 414	condos	1	1	694	$420,000	2026-06-24
865 Collins Ave Apt 305	condos	1	2	539	$295,000	2026-06-23
435 21st St Unit 303	condos	1	1	579	$242,500	2026-06-22
1621 Collins Ave Apt 504	condos	1	1	806	$515,000	2026-06-22

Same ZIP. Other properties currently for sale nearby — asking prices, not closed sale prices. Not a price comp; see Sold comps for actual transaction history.

Address	Type	Beds	Baths	Sqft	Asking price	Days on market
1110 Venetian Way Apt 2B	condos	1	1	664	$450,000	—
1000 Venetian Way Apt 1108	condos	1	2	1,030	$1,250,000	—
1120 Venetian Way Apt 1C	condos	1	1	664	$399,000	—
1000 Venetian Way Apt 810	condos	1	2	1,030	$1,150,000	—
842 Meridian Ave Apt 3D	condos	1	1	470	$160,000	—
528 Meridian Ave Apt 202A	condos	1	1	420	$269,000	—
100 Lincoln Rd Unit 323	condos	1	2	890	$575,000	—
1215 West Ave Unit 402	condos	1	1	520	$280,000	—

10-year hold projection

IRR8.8%

Equity multiple2.39x

Total return (10yr)$116,872

Year	Property value	NOI	Cash flow	Loan balance	Equity
1	$252,350	$14,553	-$1,882	$193,875	$58,475
2	$259,921	$15,038	-$1,429	$191,604	$68,317
3	$267,718	$15,539	-$962	$189,177	$78,541
4	$275,750	$16,057	-$479	$186,583	$89,166
5	$284,022	$16,591	$19	$183,812	$100,211
6	$292,543	$17,142	$534	$180,849	$111,693
7	$301,319	$17,712	$1,066	$177,684	$123,635
8	$310,359	$18,299	$1,616	$174,301	$136,058
9	$319,669	$18,906	$2,183	$170,686	$148,983
10	$329,260	$19,533	$2,770	$166,823	$162,437

Assumes 3.0% annual rent growth, 2.5% expense growth, 3.0% appreciation, and a 6.0% selling cost at exit — all placeholder assumptions, not market-derived.

NOI derived	$14,553
Annual debt service derived	$15,115

Total operating expenses derived	$9,735
Annual debt service derived	$15,115
Annual PMI assumption	$0
Gross scheduled rent (annual) comp	$26,400