Property 1521 SW 7th Street, Miami, FL 33135 for sale with MLS# A12044489
Fully Renovated Two-Building Multifamily Portfolio in the Heart of Little Havana. Located on SW 7th Street in Little Havana, this two-building portfolio consists of 24 residential units situated on a 15,000 SF lot, delivering stable in-place income with a renovated, turnkey asset profile and no immediate capital expenditure requirements. Both buildings underwent a comprehensive gut renovation in 2015, including new plumbing, updated electrical infrastructure, and reinforced floor structures. With a current gross income of $402,276 and a pro forma gross income of $590,400, the portfolio presents a compelling value-add story with clear upside through rental rate normalization - units are currently averaging below market rents, offering an investor the opportunity to capture a 6.68% pro forma cap rate.Little Havana continues to experience strong rental demand driven by its central location and direct connectivity to Miami's major employment hubs, including Downtown Miami, Brickell, the Health District, Coral Gables, and Miami International Airport. The neighborhood's affordability relative to surrounding submarkets, combined with ongoing private investment and revitalization, creates a resilient and growing tenant pool for multifamily investors seeking stable long-term returns. - 2 Folios: Includes 1529 SW 7 ST - Folio:01-4102-006-6019
1521 SW 7th Street, Miami, FL 33135
- Price:
- $5,200,000.00
- Original List Price:
- $5,200,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $333.5
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Commercial Sale
- Property Type:
- Multi Family
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- June 17, 2026 4:00 am
- Built-Up Area:
- 15,592 Sqft
- Lot Size Acres:
- 0.34
- Year Built:
- 1924
- Flood Zone Code:
- X
- Senior Community:
- No
- Tax Legal Description:
- LAWRENCE ESTATE LAND COS SUB PB 2-46 LOT 18 BLK 102 LOT SIZE 7500 SQ FT OR 21033-3154 0202 4 (2) COC 25843-0394 07 2007 2
- Real Estate Folio Number (Parcel Number):
- 0141020066020
- Zoning:
- T5-O
- Active on the market since:
- June 17, 2026
- Listing Agreement executed on:
- June 17, 2026
- Listing Status Last Changed On:
- June 17, 2026 4:00 am
- Photos updated on:
- June 28, 2026 6:02 pm
- Last Modified:
- June 28, 2026 6:02 pm
- Courtesy of:
- Fausto Commercial Realty Consultants Inc
- Attribution:
- Not provided
- Street Name:
- 7th
- Street Number:
- 1521
- City:
- Miami
- State:
- Florida
- Zip Code:
- 33135
- County:
- Miami-Dade
- Latitude:
- N25° 46' 0.6''
- Longitude:
- W81° 46' 48.2''
- Street Suffix:
- Street
- Street Direction Prefix:
- SW
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Miami
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