Multifamily Building in Little
For Sale
$6,999,999
1254 SW 2nd St, Miami, FL 33135
21-unit multifamily building in Little Havana, completion January 2026.
Property Size10,769 SF
Price / SF$13,999
Days on Market456
Property Features for 1254 SW 2nd St
General Information
Standard status
Active
Size
10,769 SF
Property subtype
Income/MultiFamily
Site & Location
Neighborhood
Latin Quarter
Taxes and HOA fees
Annual Taxes
$10,515
Building Details
Building Size
10,769 SF
Listing Agency:
Fausto Commercial Realty Consultants Inc
Listed By:
Mauricio Villasuso · License #3254982
(305) 340-8901
Source:
Marcelosteinmander
Added: Aug 7, 2025
Changed: Oct 31
Last Checked: Nov 4 at 7:07PM
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 Fausto Commercial Realty Consultants Inc
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Investment Insights
Based on property information with market context.
This uniquely designed 21-unit multifamily building is under construction and scheduled for completion with a certificate of occupancy by January 2026 in Little Havana. The property can be operated as apartments under the City of Miami double density workforce program, with 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 supporting affordable rents for local residents. The unit mix includes 20 oversized studios, ranging from 400 to 460 square feet and easily convertible to one-bedroom units, and one one-bedroom unit of 500 square feet. Alternatively, motel or lodging operators can obtain licensure to operate a combination of units for short-term rental.
Key Highlights
- Delivered with Certificate of Occupancy by January 2026 in Little Havana.
- 21‑unit multifamily building suitable for apartments or motel/lodging use (short‑term rentals).
- Qualifies for City of Miami double density workforce program.
Property Analytics
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Location Intelligence
Trade Area within ½ mile
3,838
Businesses Nearby
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Business Placement
Demographics for 33135, FL
36,232
Population
15,922
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
70%
High-School Grad
2.1 sq mi
ZIP Area
17,253
Density / Sq Mi
$37,757
Median Household Income
$28,850
Median Earnings
$1,315
Median Rent
$396,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - 21-unit multifamily building in Little Havana, completion 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: Delivered with Certificate of Occupancy by January 2026 in Little Havana.; 21‑unit multifamily building suitable for apartments or motel/lodging use (short‑term rentals).; Qualifies for City of Miami double density workforce program.
