For sale
$2,950,000
Commercial property
0.12 acres
417 Ne 26th StMiami, FL 33137
Listing courtesy of Compass Florida, LLC · MyStateMLS #12025371
For saleReduced $200,000 from $4,000,000Virtual tour
$3,800,000
0.2 acresBuilt 1935
2822 Pine Tree DrMiami Beach, FL 33140
Commercial property (from the listing description) · MLS 11483386 · Listed 559 days ago (Apr 24, 2025)
Active: Listed and available according to the MyStateMLS feed.
Other listings at this address
Separate MyStateMLS listings with exactly the same street address. Each is its own offer with its own listing representative; spaces are not assumed to be contiguous or combinable.
| Listing | Offer | Size | Price or rate | Listed by |
|---|---|---|---|---|
| This listing (viewing) | For sale | 0.2 acres | $3,800,000 | Compass Florida, LLC |
| MLS 11619755 | For sale | 0.2 acres | $3,200,000 | Compass Florida, LLC |
About this property
ATTENTION INVESTORS! Noble Pine Tree Apartments is a rare opportunity for investors looking to enter the Mid-Beach market and own 12 move-in ready residences. All units are fully renovated, with most featuring new in-unit washer/dryers. The unit mix includes (1) two-bedroom, (5) one-bedrooms, and (6) studios. The current average rent per unit is $2,175. Though there are 12 operating units, the building was originally constructed as 8 legal units. The property has been thoughtfully upgraded over time, with modern cabinetry, tile flooring, updated appliances, new vanities, lighting, countertops, and select kitchenettes. In-Place NOI: $232,202. In-Place Cap Rate: 5.4%.
Description provided by the listing brokerage.
Key facts
- Asking price
- $3,800,000
- Original list price
- $4,000,000
- Status
- For sale
- Property type
- Commercial (type not stated)From the listing description
- Land area
- 0.2 acresSource field LotSizeSquareFeet
- Year built
- 1935
- MLS number
- 11483386
Facts are reported by the listing brokerage. Items not listed were not provided; that does not mean the property lacks them or that they are zero.
Price
- Asking price
- $3,800,000
- Annual taxes
- $43,631
Building and site
- Stories
- 2
- County
- Miami-Dade County
Investment figures reported in the description
- Cap rate
- 5.4% (described as actual or current)"…place noi: $232,202. in-place cap rate: 5.4%."
- Net operating income
- $232,202 (described as actual or current)"…select kitchenettes. in-place noi: $232,202. in-place cap rate: 5.4%."
These figures are as written by the listing agent, without a stated period or supporting statements. Commercial Only does not calculate or verify them. Ask for rent rolls, operating statements and leases before relying on any figure.
Virtual tours and video
Location
The pin is the listing's reported coordinates and may be approximate. It is not a parcel boundary or survey and says nothing about access rights, easements or flood zones. See more listings in Miami Beach.
Why this listing is on Commercial Only
- MLS property class detail. (PropertyTypeDetail: commercial)
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Price and status history
- Original list price reported by the brokerage: $4,000,000
Changes observed by Commercial Only in MyStateMLS data since Nov 3, 2026. This is not a public-record sales or lease history.
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Commercial property
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For saleReduced $600,000
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Commercial property
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2822 Pine Tree DrMiami Beach, FL 33140
Listing courtesy of Compass Florida, LLC · MyStateMLS #11619755
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- Parking reported
55 Merrick Way #RB-5 & RB-6Coral Gables, FL 33134
Listing courtesy of Compass Florida, LLC · MyStateMLS #11395181
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$2,290,000
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0.08 acres
- Parking reported
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Listing courtesy of Compass Florida, LLC · MyStateMLS #11394339
Guides
Listing courtesy of Compass Florida, LLC. Listings provided by MyStateMLS.
Listing last modified at the source Jun 28, 2025, 11:50 AM UTC. Commercial Only last confirmed MyStateMLS data Nov 4, 2026, 6:30 PM UTC. Information is deemed reliable but not guaranteed; verify all details with the listing representative.