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8-Unit Apartment Property
For Sale
$4,995,000

1228 Southwest 2nd Street, Miami, FL 33135

Three contiguous buildings provide an eight-unit multifamily configuration with income-producing residential space.

Property Size6,000 SF
Price / SF$832.50
Days on Market619

Property Features for 1228 Southwest 2nd Street

General Information

Standard status Active
Size 6,000 SF
Property subtype Multi-Family Income / Fourplex

Taxes and HOA fees

Annual Taxes $12,942

Building Details

Year Built 1937
Listing Agency: Douglas Elliman
Listed By: Joseph Azar · License #3375463
Source: Compass
Added: Dec 23, 2024 Changed: Aug 29 Last Checked: Aug 29 at 5:19PM

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 Douglas Elliman

Investment Insights

Based on property information with market context.

This multifamily property comprises three contiguous buildings with a combined eight units. The buildings were constructed in 1937 and occupy a total lot area exceeding 23k square feet, with each individual lot measuring more than 7k square feet. The property size is listed at 6,000 square feet.

Located at 1228 Southwest 2nd Street in Miami, Florida, the site includes over 210 feet of frontage. The combination of multiple buildings, eight residential units, and substantial frontage defines the physical configuration of this apartment property.

Key Highlights

  • Three contiguous apartment buildings included in the sale
  • Eight residential units across the property
  • Total lot area exceeds 23k sq ft

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Acupuncture Carpet & Flooring Store Restaurant Electrical Service Catering Service (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

3,838
Businesses Nearby

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

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 - Three contiguous buildings provide an eight-unit multifamily configuration with income-producing residential space.
Where is this apartment building located?
The property is located at 1228 Southwest 2nd Street Miami, FL.
What is the asking price?
The asking price for this property is $4,995,000.
What are key features of this property?
This property features: Three contiguous apartment buildings included in the sale; Eight residential units across the property; Total lot area exceeds 23k sq ft
More about this property
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