Multifamily Building in Little
For Sale
$6,999,999
1254 SW 2nd Street, Miami, FL 33135
21-unit multifamily building in Little Havana, delivery January 2026.
Property Size7,500 SF
Price / SF$933.33
Days on Market309
Property Features for 1254 SW 2nd Street
General Information
Standard status
Active
Size
7,500 SF
Property subtype
Commercial
Lease Term
[]
Listing Agency:
Fausto Commercial Realty Consultants Inc
Listed By:
Mauricio Villasuso · License #3254982
(305) 340-8901
Source:
Onesothebysrealty
Added: Nov 28, 2025
Changed: Sep 29
Last Checked: Oct 3 at 1:59AM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,838
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
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 Street 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.
