18-Unit Renovated Apartment
2425 SW 6th St, Miami, FL 33135
For Sale
$4,199,000
Interior corridors, on-site laundry, and hurricane-impact windows distinguish this residential property.
Property Size10,572 SF
Days on Market48
Property Features for 2425 SW 6th St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
on-site laundry
Building Details
Building Size
Year Built
Year Renovated
Stories
Units
Listed By:
Demosthenes Mekras PA
(786) 208-2684
Source:
Elliman
Added: Sep 24
Changed: Nov 8
Last Checked: Nov 10 at 8:53AM
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 Demosthenes Mekras PA
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Investment Insights
Based on property information with market context.
This 18-unit apartment building dates to 1925 and received an interior renovation in 2026. Its mix comprises 2 studios at 435 square feet, 7 one-bedroom, one-bath apartments at 550 square feet, and 9 two-bedroom, one-bath apartments at 650 square feet. Unit finishes include quartz counters and backsplashes, white shaker cabinets, stainless steel appliances, luxury vinyl plank floors, and updated bathroom vanities, tile, and fixtures. Ductless mini-split systems serve the apartments, while new electrical panels, hurricane-impact windows, fresh exterior paint, interior corridors, and on-site laundry are additional property features.
At 2425 SW 6th St in Miami, the property is east of SW 27th Avenue and one block from Tamiami Trail (SW 8th Street). Walk Score is 67, Bike Score is 48, and Transit Score is 52.
At 2425 SW 6th St in Miami, the property is east of SW 27th Avenue and one block from Tamiami Trail (SW 8th Street). Walk Score is 67, Bike Score is 48, and Transit Score is 52.
Key Highlights
- 18 apartments: 2 studios, 7 one‑bedroom/one‑bath units, and 9 two‑bedroom/one‑bath units
- Apartment sizes range from 435 to 650 square feet
- Interior renovation completed in 2026; original construction dates to 1925
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$195,301
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,906,020
$3.9M
Cap Rate 7%
$2,790,014
$2.8M
Cap Rate 9%
$2,170,011
$2.2M
Market Conditions
NOI Build-Up for 10,572 SF
Gross rent
$380.6K $36.00/SF
− Vacancy
−$25.5K −$2.41/SF
EGI
$355.1K $33.59/SF
− OpEx
−$159.8K −$15.11/SF
NOI
$195.3K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,906,020
Cap Rate 7%
$2,790,014
Cap Rate 9%
$2,170,011
Alternative Uses
Best Use
Apartment 5plus
$2.79M
$2.44M – $3.26M
NOI $195,301 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.14M
$6.24M – $8.33M
NOI $499,532 @ 7.0% cap · market cap 11.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
18
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,901
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
$396,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Miami, FL
Properties on Market for Apartment buildings in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Interior corridors, on-site laundry, and hurricane-impact windows distinguish this residential property.
Where is this apartment building located?
The property is located at 2425 SW 6th St Miami, FL.
What is the asking price?
The asking price for this property is $4,199,000.
What are key features of this property?
This property features: 18 apartments: 2 studios, 7 one‑bedroom/one‑bath units, and 9 two‑bedroom/one‑bath units; Apartment sizes range from 435 to 650 square feet; Interior renovation completed in 2026; original construction dates to 1925
