Miami Duplex on Large
2600 Southwest 2nd Street, Miami, FL 33135
Legal duplex with value-add potential in a prime location.
Type:Multi-Family Income / Duplex
Property size:
2,625 SFPrice / SF:
$276/SF- Added:
- Dec 22, 2025
- Days on Market:
- 161
- Last Refresh:
- Mar 13 at 4:10 pm
Property Features for 2600 Southwest 2nd Street
General Information
- Standard status
- Active
- Size
- 2,625 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1928
Listing agent Christopher Carbonell License #3533720 (786) 748-7373
Listing office Fausto Commercial Realty Consultants Inc (786) 748-7373
Listing date Dec 22, 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 Fausto Commercial Realty Consultants Inc
HighLights
- Legal duplex in a well‑located urban area.
- Large 7,500 SF lot.
- Strong connectivity to major employment and lifestyle hubs including Downtown Miami, Brickell and the Airport.
- Income‑producing property with value‑add potential.
- Front house: 5 bedrooms / 2 bathrooms.
- Both units feature central air conditioning and on‑site laundry.
Overview
This legal two-unit multifamily property is situated on a 7,500 square foot lot in a highly accessible urban area. The property features a front house with 5 bedrooms and 2 bathrooms, and a rear house, constructed in the 1970s, with 2 bedrooms and 1 bathroom. Both units have likely been renovated and include central air conditioning. On-site laundry facilities enhance tenant convenience. The property is currently occupied and income-producing, presenting value-add potential, especially through updates to the front residence. The location offers excellent connectivity, with immediate access to SW 27th Avenue and Flagler Street. Tenants benefit from proximity to major employment and lifestyle hubs, including Downtown Miami, Brickell, Miami International Airport, the Health District, Coral Gables, and surrounding retail, dining, and entertainment areas. This duplex represents a solid investment opportunity in a supply-constrained submarket, appealing to investors seeking durable cash flow, a flexible unit mix, and long-term urban infill upside.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $80.3k | $30.60 |
| − Vacancy | −$5.1k | −$1.95 |
| EGI | $75.2k | $28.65 |
| − OpEx | −$22.6k | −$8.60 |
| NOI | $52.6k | $20.06 |
2,625 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$752.1K
$658.1K – $877.4K
NOI $52,646 @ 7.0% cap · market cap 7.26%
Second Best
Apartment 5plus
$692.8K
$606.2K – $808.2K
NOI $48,493 @ 7.0% cap · market cap 6.69%
Theoretical Best
Specialty Retail
$1.77M
$1.55M – $2.07M
NOI $124,032 @ 7.0% cap · market cap 17.11%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.238377
- Latitude
- 25.770133
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Legal duplex with value-add potential in a prime location.
Where is this duplex located?
The property is located at 2600 Southwest 2nd Street Miami, FL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Legal duplex in a well‑located urban area.; Large 7,500 SF lot.; Strong connectivity to major employment and lifestyle hubs including Downtown Miami, Brickell and the Airport.
