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$1,999,999

  • For Sale
  • Active
  • Commercial Multi-Family
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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.

Full Property Details for 641 NW 2nd St

General

  • Price: $1,999,999
  • Taxes: $26,931 (2025)
  • Status: Active
  • Type: Commercial Multi-Family
  • Source: Greater_Miami
  • MLS ID: A11989831
  • Updated: 3/30/2026
  • Added to Site: 22 day(s) ago

Business

  • Business Type: Commercial/Residential Income, Residential-Multi-Fa

Rental Information

  • Lease/Rent Term: Annual Lease

Additional Information

  • Security/Safety: Smoke Alarm, Smoke Detector(s), Security Fence

Parking

  • Parking Features: Additional Spaces Available, Assigned

Location

  • County: Miami-Dade County

Community

  • Units Assoc/Comm: 6

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Wall/Window Units

Utilities

  • Sewer: Public Sanitation
  • Water: Public

Structural Information

  • # Buildings: 1
  • Structure Type: Commercial Condo, Commercial
  • Detached/Attached: Detached
  • Construction: CBS Construction
  • Roof: Shingle
  • Stories/Levels: 2
  • Building Size: 4688
  • Current Bldg. Use: Income Non-Waterfront
  • Year Built: 1972

Unit Information

  • Units in Complex: 6

Lot Features

  • Lot Size (Sq. Ft.): 7,500
  • Zoning: 4601

Financial Considerations

  • Tax Amount: $26,931
  • Tax Year: 2025
  • Terms: All Cash, Conventional/Refinance, Exchange
  • Tenant Pays: Electricity

Disclosures and Reports

  • Special Conditions: Sale
  • Legal Description: CITY OF MIAMI SOUTH PB B-41 LOT 14 BLK 4 LOT SIZE 7500 SQUARE FEET OR 17205-2273 0496 1
  • Inclusions: Building & Land, Furniture, Leases, Leases
  • Property ID: 01-02-00-040-1100

Listed by Avenew Realty Corp

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Listing agents

— 641 NW 2nd St —

  • Avenew Realty Corp

  • Avenew Realty Corp

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 641 NW 2nd St

School District:Dade County School District
NameGradesDistance
Riverside Elementary Community School
1190 Southwest 2nd Street, Miami, FL 33130
PK-50.6 mi
Jose De Diego Middle School
3100 Northwest 5th Avenue, Miami, FL 33127
6-82.1 mi
Booker T. Washington Senior High School
1200 Northwest 6th Avenue, Miami, FL 33136
9-120.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 641 NW 2nd St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/27/2026
Listed
$1,999,999
—
MLS
4/20/2023
Sold
$2,000,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 641 NW 2nd St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$25,789
—
$1,347,420
5%
2024
$25,789
22%
$1,287,308
15%
2023
$21,202
15%
$1,122,561
25%
2022
$18,503
20%
$897,561
18%
2021
$15,391
—
$758,517
18%
2021
$15,391
13%
$643,248
1%
2019
$13,659
1%
$639,853
-1%
2018
$13,473
29%
$643,243
-6%
2017
$10,451
11%
$684,133
88%
2016
$9,406
15%
$363,000
—
2015
$8,169
6%
$362,365
10%
2014
$7,702
13%
$329,423
9%
2013
$6,824
—
$301,261
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Avenew Realty Corp

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641 NW 2nd St, Miami, FL 33128 (MLS# A11989831) is a Commercial Multi-Family property. 641 NW 2nd St is currently listed for $1,999,999 and was received on March 27, 2026. Want to learn more about 641 NW 2nd St? Do you have questions about finding other Commercial Multi-Family real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.

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