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Redeveloped Apartment Building
New
For Sale
$6,500,000

1020 SW 2nd St, Miami, FL 33130

Twenty-unit apartment property undergoing a comprehensive renovation with separately metered utilities and updated building infrastructure.

Property Size8,438 SF
Days on Market6

Property Features for 1020 SW 2nd St

General Information

Standard status Active
Size 8,438 SF
Property subtype Commercial

Additional Details

Public Transit Yes
Multifamily Units 20

Building Details

Building Size 8,438 SF
Year Built 1920
Stories 2
Listing Agency: Real Estate Sales Force
Listed By: Ambarina Pernia Montero · License #3385788
Source: Elliman
Added: Aug 1 Changed: Aug 2 Last Checked: Aug 5 at 10:16AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Estate Sales Force

Investment Insights

Based on property information with market context.

Located at 1020 SW 2nd St in Miami’s Little Havana, this 20-unit apartment building is undergoing a comprehensive renovation. Originally built in 1920, the property is being updated with new building systems and infrastructure, with completion scheduled for October.

Each apartment is planned to receive a dedicated electrical meter and individual water submeter, supporting separate utility tracking across the building. The property is positioned near Brickell, Downtown Miami, the Miami River District, Marlins Park, and Miami International Airport. Walk Score is 97, Transit Score is 99, and Bike Score is 83, reflecting strong access to walking, transit, and cycling options.

Key Highlights

  • 20‑unit apartment building in Little Havana
  • Comprehensive renovation with completion scheduled for October
  • New building systems and infrastructure planned throughout

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Carpet & Flooring Store Pet Grooming Service Butcher Restaurant (Bike/Boat/Book/etc) Store Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

20
Residential units

Location Intelligence

Trade Area within ½ mile

4,038
Businesses Nearby

Demographics for 33130, FL

35,609
Population
20,377
Households
1.7
Avg Household Size
36
Median Age
42%
College-Educated
81%
High-School Grad
1.1 sq mi
ZIP Area
32,372
Density / Sq Mi
$57,933
Median Household Income
$36,888
Median Earnings
$1,656
Median Rent
$479,800
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Twenty-unit apartment property undergoing a comprehensive renovation with separately metered utilities and updated building infrastructure.
Where is this apartment building located?
The property is located at 1020 SW 2nd St Miami, FL.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: 20‑unit apartment building in Little Havana; Comprehensive renovation with completion scheduled for October; New building systems and infrastructure planned throughout
More about this property
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