Multifamily in 641 NW 2nd St Miami for sale with MLS# A12023636

Prime Little River investment opportunity offering immediate income, value-add potential, and long-term redevelopment upside. This six-unit multifamily property features 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 investors. Each unit includes assigned parking, and the building offers on-site laundry, enhancing tenant retention and operational efficiency. this asset presents an exceptional opportunity for both cash flow and future appreciation in one of Miami's fastest-growing area.

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Days on the market

641 NW 2nd St, Miami, FL 33128

Price
Price:
$1,799,999.00
Original List Price:
$1,799,999.00
Business Info
Financial Data Source:
Owner
Property Status and Type
Listing Type:
For Sale
Status:
Active
Listing Category:
Commercial Sale
Property Type:
Multifamily
MLS Number:
A12023636
Description of Last Important Update:
New Listing
Last Major Update on:
May 22, 2026 3:24 pm
Measures
Built-Up Area:
4,688 Sqft
Lot Area:
7,500 Sqft
Lot Size Unit:
Square Feet
Property Features
Waterfront:
No
Security:
Smoke Detector(s), Security Gate, Fenced
Air Conditioning
Air Conditioning System:
Wall/window Unit(s)
Construction
Year Built:
1972
Number of Buildings:
1
Number of Units Total:
6
Levels:
Two
Construction Materials:
Block
Flooring:
Laminate
Stories:
2
Taxes and Expenses
Tax Annual Amount:
$0.00
Parking
Covered Spaces:
0
Parking Features:
Assigned
Utilities
Sewer:
Public Sewer
Water Source:
Public
Community
Senior Community:
No
Terms
Listing Terms Considered by Seller:
Cash, Conventional
Occupant Type:
Tenant
Zoning and Legal
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
Listing History
Originally published on:
May 22, 2026 3:24 pm
Active on the market since:
May 22, 2026
Price change occurred on:
May 21, 2026 7:40 pm
Listing Status Last Changed On:
May 22, 2026 3:24 pm
Photos updated on:
May 22, 2026 7:46 pm
Last Modified:
May 23, 2026 12:01 am
Additional Information
Property Description:
6 unit multifamily zoned T6-8
Flood Zone:
AE
Municipal Code:
1
Subdivision Number:
40
Courtesy of:
Avenew Realty Corp
Attribution:
Not provided
Location
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
Property Map

Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $36,308
Median Home Value N/A
Median Rent $1,316/mo
Median Age 44
Population 9,018

Air Quality

Source: AirNow.gov · Miami

🌬️ Air Quality Index (AQI) 39 Good
☀️ O3 39 Good
🫁 PM2.5 27 Good

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Association of REALTORS®
Disclaimer: IDX listing information is presented by Rebonus Brokerage LLC for consumer informational purposes only. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by the MLS or the real estate broker. This page presents structured listing information sourced directly from the MLS via the RESO Web API feed. Rebonus prioritizes maximum field coverage and data completeness, displaying the most granular MLS-provided attributes available.