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Renovated 20-Unit Apartment Building
For Sale
$6,500,000

1020 SW 2nd Street, Miami, FL 33130

Comprehensive redevelopment includes new building systems and infrastructure.

Property Size8,438 SF
Days on Market9

Property Features for 1020 SW 2nd Street

General Information

Standard status Active
Size 8,438 SF
Property subtype Quadruplex

Additional Details

Multifamily Units 20

Taxes and HOA fees

Annual Taxes $64,558

Building Details

Building Size 8,438 SF
Year Built 1920
Listing Agency: Real Estate Sales Force
Listed By: Ambarina Pernia Montero · License #3385788
Source: Silverleafrealtygroup
Added: Aug 21 Changed: Aug 28 Last Checked: Aug 23 at 5:33AM

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.

This 8,438-square-foot apartment property in Little Havana contains 20 units and is undergoing a comprehensive renovation. The work includes replacement of building systems and infrastructure, with completion scheduled for October. The building was originally constructed in 1920 and carries zoning designation 3900.

Each residence is planned with a dedicated electrical meter and individual water submeter, creating separate utility measurement for all 20 units. The property is located at 1020 SW 2nd Street in Miami, with stated proximity to Brickell, Downtown Miami, the Miami River District, Marlins Park, and Miami International Airport.

Key Highlights

  • 20‑unit multifamily property totaling 8,438 SF
  • Comprehensive renovation underway with completion scheduled for October
  • New building systems and infrastructure included in the redevelopment

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

3,773
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 - Comprehensive redevelopment includes new building systems and infrastructure.
Where is this apartment building located?
The property is located at 1020 SW 2nd Street 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 multifamily property totaling 8,438 SF; Comprehensive renovation underway with completion scheduled for October; New building systems and infrastructure included in the redevelopment
More about this property
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