Multifamily in 641 NW 2nd St Miami for sale with MLS# A11989831
Prime Little River investment opportunity offering immediate income, value-add potential, and long-term redevelopment upside. Six-unit multifamily property consisting of all 2-bedroom, 1-bathroom units situated on a 7,500 SF lot with T6-8-O zoning. The property has been significantly upgraded with a new roof, updated electrical and plumbing systems, and completed 40-year recertification, providing a strong, low-risk foundation for any investor. Each unit includes assigned parking, and the building features on-site laundry, supporting tenant retention and operational efficiency. Currently generating approximately $138,000 annually, with a clear path to ~$168,000 through rent adjustments, this asset offers both in-place income and immediate upside. T6-8-O zoning allows for high-density multifamily or mixed-use development up to 8 stories, making this a true covered land play with long-term redevelopment potential. Strategically located minutes from Wynwood, the Design District, and Downtown Miami, with easy access to major highways and strong rental demand. A flexible investment that delivers income today and scales for the future.
641 NW 2nd St, Miami, FL 33128
- Price:
- $1,999,999.00
- Original List Price:
- $1,999,999.00
- Financial Data Source:
- Owner
- Lease Term:
- 12 Months
- Tenant Pays:
- Electricity
- Lease Terms / Move In Requirements:
- Annual Lease
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Commercial Sale
- Property Type:
- Multifamily
- MLS Number:
- A11989831
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- March 27, 2026 12:26 pm
- Built-Up Area:
- 4,688 Sqft
- Lot Area:
- 7,500 Sqft
- Lot Size Unit:
- Square Feet
- Waterfront:
- No
- Security:
- Smoke Detector(s), Fenced
- Air Conditioning
- Air Conditioning System:
- Wall/window Unit(s)
- Heating
- Heating System:
- Wall Furnace, Window Unit
- Year Built:
- 1972
- Year Built Details:
- Resale
- Roof:
- Shingle
- Number of Buildings:
- 1
- Number of Units Total:
- 6
- Levels:
- Two
- Construction Materials:
- Block
- Flooring:
- Laminate
- Structure Type:
- Multifamily
- Stories:
- 2
- Tax Annual Amount:
- $26,931.00
- Tax Year:
- 2025
- Security Deposit Description:
- First Month Rent,Last Month Rent,Security Deposit
- Covered Spaces:
- 0
- Parking Features:
- Assigned
- Sewer:
- Public Sewer
- Water Source:
- Public
- Senior Community:
- No
- Listing Terms Considered by Seller:
- Cash, Conventional, 1031 Exchange
- Occupant Type:
- Tenant
- Buyer Possession:
- Closing And Funding
- Lease Considered
- Tax Legal Description:
- CITY OF MIAMI SOUTH PB B-41 LOT 14 BLK 4 LOT SIZE 7500 SQUARE FEET OR 17205-2273 0496 1
- Real Estate Folio Number (Parcel Number):
- 01-02-00-040-1100
- Zoning Description:
- 4601
- Originally published on:
- March 27, 2026 12:26 pm
- Active on the market since:
- March 27, 2026
- Price change occurred on:
- March 26, 2026 10:07 am
- Listing Status Last Changed On:
- March 27, 2026 12:26 pm
- Photos updated on:
- March 27, 2026 4:40 pm
- Last Modified:
- April 8, 2026 7:01 pm
- Property Description:
- 6 Unit Multifamily ZONED t6-8
- Flood Zone:
- AE
- Common Area Maint Includes:
- A/C & Heating Maintenance, Exterior Electric, Lawn Care, Exterior Maintenance, Trash Removal, Water
- Municipal Code:
- 1
- Subdivision Number:
- 40
- Courtesy of:
- Avenew Realty Corp
- Attribution:
- Not provided
- Street Name:
- 2nd St
- Street Number:
- 641
- City:
- Miami
- State:
- Florida
- Zip Code:
- 33128
- County:
- Miami-Dade
- Latitude:
- N25° 46' 33.6''
- Longitude:
- W81° 47' 40.6''
- Street Direction Prefix:
- NW
Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Miami
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