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    1254 SW 2Nd St Miami, FL 33135

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    For Sale
    $6,999,999

    21-unit multifamily building in Little Havana, delivery January 2026.

    Lot size:
    0.17 Acres

    Property Features for 1254 SW 2Nd St

    General Information

    Lot size
    0.17 Acres

    Source: Fausto Commercial Realty Consultants Inc Agent Christopher Carbonell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multifamily Building in Little Havana

    A uniquely designed 21-unit multifamily building is under construction and scheduled for completion with a certificate of occupancy by January 2026. Located in Little Havana, the property can be operated as apartments under the City of Miami double density workforce program. The program requires 3 units at 30% AMI, 2 units at 50% AMI, and 16 units at 140% AMI (average median income). The property benefits from a 100% parking exemption, reducing construction costs and potentially keeping rents affordable. The unit mix includes 20 oversized studios (400-460 SF), which can be easily converted to one-bedroom units, and 1 one-bedroom unit (500 SF). Alternatively, motel or lodging operators can obtain licensure to operate a combination of units for short-term rentals.
    Location Intelligence

    Current Use by Public Records

    Hotel Hotel

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2157
    Latitude
    25.771217

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    FAQs

    What type of property is this?
    Apartment building - 21-unit multifamily building in Little Havana, delivery January 2026.
    Where is this apartment building located?
    The property is located at 1254 SW 2Nd St Miami, FL.
    What is the asking price?
    The asking price for this property is $6,999,999.
    What are key features of this property?
    This property features: - Certificate of Occupancy Expected January 2026: New construction 21-unit multifamily building in Little Havana.; - Double Density Workforce Program Eligibility: Can be operated as apartments under City of Miami program with AMI restrictions.; - 100% Parking Exemption: Reduced construction costs, potentially leading to affordable rents.
    (305) 753-3295
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    1254 SW 2Nd St Miami, FL 33135
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    Miami, FL 33135
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1254 SW 2Nd St Miami, FL 33135
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