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Remodeled Mixed-Use Income Property
For Sale
$6,500,000

502 & 510 SW 27th Ave, Miami, FL 33135

MULTI_FAMILY - Other - Miami, FL

Property Size3,826 SF
Price / SF$1,698
Days on Market47

Property Features for 502 & 510 SW 27th Ave

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Zoning description 6101
Bedrooms 6
Full bathrooms 6
Rooms Bathroom 2, Bathroom 6, Bedroom 2, Bathroom 5, Bedroom 5, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 4, Bedroom 6, Bedroom 1, Bedroom 3
Parking 10
Subdivision CAROLINA HEIGHTS
Lot features < 1/4 Acre
Standard status Active
APN 01-41-04-017-0510
Size 3,826 SF

Taxes and HOA fees

Tax Year 2025
Tax Description CAROLINA HEIGHTS PB 11-61 LOT 22 LESS E5FT BLK 3 LOT SIZE 55.000 X 121 OR 17878-0517 1197 1
Legal Description CAROLINA HEIGHTS PB 11-61 LOT 22 LESS E5FT BLK 3 LOT SIZE 55.000 X 121 OR 17878-0517 1197 1

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Central
Cooling system Central Air
Water source Public

Building Details

Year built 1940
Floors in Building 2
Flooring type Vinyl, Tile - Ceramic
Building materials Block
Roof type Concrete, Tile, Flat
Architectural style Other
Listing Agency: RE/MAX Advance Realty II · RE/MAX International
Listed By: Haraum Mellado · License #3355465
Added: Jun 16 Changed: Jul 28 Last Checked: Aug 1 at 8:06AM
MLS# A12029566

Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This remodeled mixed-use property includes a ground-floor medical office plus eight residential units. The residential component consists of two renovated 2-bedroom/2-bath apartments, one remodeled fourplex with four 1-bedroom/1-bath units, and one remodeled duplex with two 1-bedroom/1-bath units. The property is presented as updated throughout, intended to reduce near-term capital expenditures for a new owner.

The building is located at 502 & 510 SW 27th Ave, Miami, FL 33135, in a neighborhood described in the remarks as between Little Havana and Coconut Grove. The listing notes convenient access to public transportation and proximity to restaurants, shopping, and entertainment, with walking distance to Little Havana and minutes to Coconut Grove and Brickell.

With a medical office at the street level and a mix of residential configurations above and within the property, the offering provides multiple income-producing spaces within one mixed-use asset.

Key Highlights

  • Mixed‑use property with ground‑floor medical office plus 8 residential units
  • Residential unit mix: two renovated 2‑bed/2‑bath apartments
  • Residential unit mix: one fourplex with four remodeled 1‑bed/1‑bath units

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Electrical Service Carpet & Flooring Store Bar & Pub Butcher

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

Lease Details

1
Office units
8
Residential units
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

2,489
Businesses Nearby
Under-served
Demand for This Use

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 Office in Miami, FL

12.4% 2019
16.3% 2020
17% 2021
16.1% 2022
15% 2023
16.1% 2024
15.2% 2025
Rey
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Similar Off Market Nearby

  • Parajon Animal Clinic — 2751 SW 8th St, Miami, FL 33135
  • TLC Animal Clinic I — 2200 SW 16th St Suite 222, Miami, FL 33145
  • Vet Allergy Care LLC — 330 SW 27th Ave, Miami, FL 33135
  • Miami Pet Clinic — 2485 W Flagler St # 3, Miami, FL 33135

Frequently Asked Questions

What type of property is this?
Medical Office Space - Ground-floor medical office with eight renovated residential units configured as apartments, a fourplex, and a duplex.
Where is this medical office space located?
The property is located at 502 & 510 SW 27th Ave Miami, FL.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Mixed‑use property with ground‑floor medical office plus 8 residential units; Residential unit mix: two renovated 2‑bed/2‑bath apartments; Residential unit mix: one fourplex with four remodeled 1‑bed/1‑bath units
More about this property
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