817 NW 2nd St, Miami FL 33128

Closed

$1,550,000

3.13%

Est. Payment $8,250/mo

MLS Sheet Video

1974

Year Built

3

Stories

40

Days on Market

Description

Multifamily apartment building for sale. This 6-unit apartment building is fully rented and making net income--please see the attached pro-forma statement for details. Most tenants have been residing in the building for years. Finding new tenants is surprisingly easy, just put a "for rent" sign in the fence and get about 30 phone calls in one weekend. This property has potential for redevelopment as evidenced by the two new buildings built in front. The roof and all the electrical equipment were completely replaced last year as per current coding. Minor structural repairs will be finished in some weeks. 50-year recertification is almost complete, and owner guarantees that all requirements will be completed by the closing date.

Facts

MLS#
A11724081
Subdivision
Property Type
Commercial Sale
Property Sub Type
Income/MultiFamily
Year Built
1974
Lot Size
7,500 ft²
Sq. Ft.
Sq. Mt.
Price per sq. ft.
Price per sq. mt.
Stories
3
Garage
Pool
Days on Market
40 days
Listed
Jan 13, 2025
Last Updated
Jun 16, 2025
Price/Lot Sq.Ft.
$207/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

May 2026

100/100
Buyers marketSellers market

44

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).

6/16/2025Sold$1,550,000
3/19/2025Price change$1,550,000-3.1%
1/13/2025Listed for sale$1,600,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

817 NW 2nd St, Miami FL 33128Directions

GreatSchools Summary Ratings

Public + private K-12 schools within 5 miles of this listing.

GreatSchoolsData provided by GreatSchools.org © 2026. All rights reserved.

Estimated Monthly Payment

$9,691/mo

Principal & Interest

$8,250

Property Tax

$1,292

Insurance

$150

HOA

$0

20% ($310,000)
7.00%
30 years
1.00% (FL avg ~1.0%)
$0/mo
$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Rangely Adames

Sales Associate | Sunland Group

Hablo Español

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