High-performing 20-unit multifamily asset in the heart of Little Havana generating $339,480 in gross annual rent & $227,776 in NOI. Strong in-place income with plenty of upside—current rents are below Section 8 levels, offering immediate value-add potential through rental increases. Other features: newer roofs, upgraded PVC plumbing, & a history of consistent 100% occupancy. Unit mix: (1) 1-bed/2-bath, (14) 1-bed/1-bath, (4) 2-bed/1-bath, & (1) 2-bed/2-bath. Priced at just $195,000 per unit—rare for Little Havana with this level of stabilized income. 40-Year Recertifications have been completed. Attachments include the current rent roll, 2024 operating statement, & certification reports. Freddie Mac loan is assumable with a 3.83% interest rate, approx. $1,735,000 balance, & 2030 maturity.
Under contract
$3,900,000
1362 SW 2nd St, Miami, FL 33135
5beds
4baths
8,019sqft
Est.:
Quadruplex
Built in 1914
-- sqft lot
$-- Zestimate®
$486/sqft
$-- HOA
What's special
- 28 days
- on Zillow |
- 180 |
- 4 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: May 08, 2025 at 12:47pm
Listed by:
Oscar Arellano Jr. 305-525-7324,
BHHS EWM Realty
Source: MIAMI,MLS#: A11793460
Originating MLS: A-Miami Association of REALTORS

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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Heating
- Central
Cooling
- Wall/Window Unit(s)
Features
- Windows: Blinds
Interior area
- Total structure area: 8,019
- Total interior livable area: 8,019 sqft
Video & virtual tour
Property
Parking
- Total spaces: 11
Features
- Stories: 1
Lot
- Features: 1/4 To Less Than 1/2 Acre Lot
Details
- Parcel number: 0141020062220
- Zoning: 3901
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- CBS Construction
- Roof: Barrel Roof,Flat Roof With Facade Front
Condition
- Year built: 1914
Utilities & green energy
- Gas: Natural Gas
- Sewer: Public Sewer
Community & HOA
Community
- Subdivision: Lawrence Estates Land Cos
HOA
- Has HOA: No
Location
- Region: Miami
Financial & listing details
- Price per square foot: $486/sqft
- Annual tax amount: $47,732
- Date on market: 4/30/2025
- Listing terms: All Cash,Conventional
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