$1,999,999

641 NW 2nd St, Miami, FL 33128

4,688 sqft

Multi-Family Home
Built in 1972
7,405sqft lot
—— car garage
$427/sqft
Listed 9 days ago

Property Description

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.

Listing Status:: Active
Date Added:: March 27, 2026
Data Last Updated:: April 5, 2026 at 3:07PM
Listing Office:: Avenew Realty Corp : 786-888-0198
Listing Agent:: Ander Egurrola : 305-916-1194
MLS ID:: A11989831

A/C: Wall/Window Unit(s)
Heating: Wall/Window Units

Parking: Additional Spaces AvailableAssigned

Roofing: Shingle
General: CBS Construction2

Originating MLS: Miami Association of REALTORS®
County: Miami-Dade County

Zoning: 4601CITY OF MIAMI SOUTH PB B-41 LOT 14 BLK 4 LOT SIZE 7500 SQUARE FEET OR 17205-2273 0496 101-02-00-040-1100
Current Use: Income Non-Waterfront

Water: Public
Sewer: Public Sanitation

Source: Miami Association of REALTORS®

This listing courtesy of Ander Egurrola , Avenew Realty Corp

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Ada Merritt K-8 Center

660 SW 3rd St, Miami, FL, 33130

Grades PK-8

0.37 miles away

Ada Merritt K-8 Center

660 SW 3rd St, Miami, FL, 33130

Grades PK-8

0.37 miles away

Charter High School of the Americas

970 W Flagler St # 984, Miami, FL, 33130

Grades 9-12

0.38 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.