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For sale
Triplexes
FL
Miami
33135
1535 Southwest 2nd Street

Little Havana Income-Producing Property

1535 Southwest 2nd Street Miami, FL 33135

1535 Southwest 2nd Street, Miami, FL, 33135

$1,290,000

For Sale

$1,290,000

Turn-key investment property in Little Havana with strong income potential.

Property Size3,188 SF

Price / SF$404.64

AddedNov 10, 2025

Days on Market248

Last RefreshJul 15 at 10:12 pm

Property Features for 1535 Southwest 2nd Street

General Information

Standard status: Active
Size: 3,188 SF
Property subtype: Residential Income / Triplex

Building Details

Year Built: 1922

Listing office Miami Realty Solution Group

Listing date Nov 10, 2025

Source Compass

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 Miami Realty Solution Group

Investment Insights

Based on property information with market context.

This income-producing property, operating as a successful hostel and short-term rental, features a total of 43 beds. Remodeled after its last purchase, the property is configured into three units, offering flexibility and income potential. The unit breakdown is as follows: Unit 1 has 6 bedrooms and 3 full bathrooms; Unit 2 has 4 bedrooms and 4 full bathrooms; and Unit 3 has 3 bedrooms and 3.5 bathrooms. Located in the Little Havana neighborhood, this property is suitable for investors looking to continue a short-term rental business or for buyers seeking a multifamily rental opportunity. The property has a proven layout for high occupancy and multiple income streams. It is located close to dining, shopping, major roads, and downtown Miami. The property size is 3188 square feet.

Key Highlights

Income‑producing property operating as a successful hostel/short‑term rental.
Proven layout for high occupancy and multiple income streams.
Located in the desirable Little Havana neighborhood.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$97.6k	$30.60
− Vacancy	−$6.2k	−$1.95
EGI	$91.3k	$28.65
− OpEx	−$27.4k	−$8.60
NOI	$63.9k	$20.06

3,188 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$913.4K

$799.2K – $1.07M (±1% cap)

NOI $63,937 @ 7.0% cap · market cap 4.96%

Second Best

Apartment 5plus

$841.3K

$736.2K – $981.6K (±1% cap)

NOI $58,893 @ 7.0% cap · market cap 4.57%

Theoretical Best

Specialty Retail

$2.15M

$1.88M – $2.51M (±1% cap)

NOI $150,634 @ 7.0% cap · market cap 11.68%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

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For sale
Triplexes
FL
Miami
33135
1535 Southwest 2nd Street

What type of property is this?

Triplex - Turn-key investment property in Little Havana with strong income potential.

Where is this triplex located?

The property is located at 1535 Southwest 2nd Street Miami, FL.

What is the asking price?

The asking price for this property is $1,290,000.

What are key features of this property?

This property features: Income‑producing property operating as a successful hostel/short‑term rental.; Proven layout for high occupancy and multiple income streams.; Located in the desirable Little Havana neighborhood.