1829 NW 2nd Ct, Miami FL 33136
$2,480,000
Est. Payment $13,200/mo
1942
Year Built
2
Stories
97
Days on Market
Description
Fausto Commercial is pleased to present this exceptional Overtown 16-unit Multifamily Apartment Building. The property consists of 16 one-bedroom/one-bathroom units totaling 8,178 rentable square feet. Property is a 1940's vintage with a new roof, new railing, and new fire alarms installed in the last 5-years. Solid opportunity for someone interested in renovating and adding value to this multifamily income property. Seller is intending on delivering approved permits for a full gut renovation for the property. It is situated on 7,500 Sq Feet of land. This exceptional property is being offered for sale at $2,480,000. After renovation and renting the units at market rent, the year one cap is expected to be at 7%.
Facts
- MLS#
- A11139043
- Subdivision
- —
- Property Type
- Commercial Sale
- Property Sub Type
- Income/MultiFamily
- Year Built
- 1942
- Lot Size
- 7,500 ft²
- Sq. Ft.
- —
- Sq. Mt.
- —
- Price per sq. ft.
- —
- Price per sq. mt.
- —
- Stories
- 2
- Garage
- —
- Pool
- —
- Days on Market
- 97 days
- Listed
- Dec 24, 2021
- Last Updated
- Jun 7, 2022
- Price/Lot Sq.Ft.
- $331/ft²
Comparable homes
Same ZIP, similar price + bedrooms.
Market insights for Miami
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
September 2026
46
Median days to sold
+4.5%
1-year price forecast (est.)
Price & tax history
From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).
| 6/7/2022 | Sold | $2,480,000 |
| 12/24/2021 | Listed for sale | $2,480,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
Estimated Monthly Payment
$15,416/mo
Principal & Interest
$13,200
Property Tax
$2,067
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated within 24 hours
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