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.
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.
Property Details
Price:
$1,999,999
MLS #:
A11989831
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Income/MultiFamily
Listed Date:
Mar 27, 2026
Total Sq Ft:
4,688
Year Built:
1972
See this Listing
Schools
Interior
Cooling
Wall/Window Unit(s)
Heating
Wall/Window Units
Exterior
Construction Materials
CBS Construction
Parking Features
Additional Spaces Available, Assigned
Roof
Shingle
Security Features
Smoke Alarm, Smoke Detector(s), Security Fence
Stories
2
Financial
Tax Year
2025
Taxes
$26,931
Map
Community
- Address641 NW 2nd St Miami FL
- CityMiami
- CountyMiami-Dade County
- Zip Code33128
Subdivisions in Miami
- 11 54 39 152.93 AC M/L NE1/4 OF SEC INCLUDING TR 2
- 159 NE 6TH STREET CONDO
- 17TH AVE MANOR
- 1800 CLUB CONDO
- 7TH ADDN TO RICHMOND HEIG
- 801 SMA RESIDENCES CONDO
- BAY HOUSE MIAMI
- BAY RIDGE AMD
- COMFORT GARDENS
- DELVISTA TOWERS CONDO
- EMERALD POINT SUB
- FAIRWAY PLAZA
- GREENVILLE MANOR PB
- HIALEAH HEIGHTS AMD
- JADE WINDS GROUP BAMBOO GARDENS CONDO
- JENKINS ADDN TO LIBERTY CITY
- LA PALOMA
- MAJORCA ISLES III CONDO
- MILON VENTURE
- NORTH DADE COUNTRY CLUB VILLAG
- RALPH PLAZA II CONDO
- RANDALL PARK
- ROLLING GREEN CONDO
- ROYAL GLEN
- SIERRA
- SWEETWATER ESTATES SUB
- TAMIAMI TECH CENTER CONDO
- THE BLUE A RESORT HOTEL CONDO
- TURNBERRY VILLAGE SO TOWER CONDO
- VIA VENTURA NBRHD 3
- VISTA LAGO
- WEST MIAMI SHORES SEC B
- WESTCHESTER PT 01
Market Summary
Current real estate data for Commercial in Miami as of Apr 30, 2026
973
Commercial Listed
203
Avg DOM
$1,463,672
Avg List Price
Property Summary
- 641 NW 2nd St Miami FL is a Commercial for sale in Miami, FL, 33128. It is listed for $1,999,999 To schedule a showing of MLS#a11989831 at 641 NW 2nd St in Miami, FL, contact your CENTURY 21 Carioti agent at 800-783-8847.
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