CAROLINA HEIGHTS

502 & 510 SW 27th Ave, Miami FL 33135

3,826 ft²

For Sale · Active Listing

$6,500,000

Est. Payment $34,596/mo

MLS Sheet

3,826

Sq. Ft.

1940

Year Built

2

Stories

6

Days on Market

Description

Exceptional Mixed-Use Investment Opportunity in the Heart of Miami Rare chance to acquire a fully remodeled mixed-use income-producing property in one of Miami's most desirable and rapidly growing neighborhoods, conveniently located between Little Havana and Coconut Grove. This unique investment portfolio features: • Medical Office Space on the ground floor, providing stable commercial tenancy potential. • Two (2) Renovated 1-Bedroom/1-Bath Apartments located above the medical office. • One Fourplex consisting of four (4) remodeled 1-Bedroom/1-Bath units. • One Duplex featuring two (2) remodeled 1 bedroom one bath. The property offers a total of 8 residential units plus a commercial medical office, creating multiple income streams and strong cash flow potential. All units have been beautifully updated, minimizing immediate capital expenditures and allowing for seamless transition for investors. Ideally situated near major employment centers, restaurants, shopping entertainment, and public transportation, the location continues to benefit from strong rental demand and ongoing neighborhood growth. Its walking distance to the Little Havana area in addition to being minutes from Coconut Grove and Brickell makes it highly attractive to both residential and commercial tenants. Don't miss the chance to own a turnkey mixed-use investment with significant income potential in a prime location.

Facts

MLS#
A12029566
Subdivision
CAROLINA HEIGHTS
Property Type
Residential Income
Property Sub Type
Quadruplex
Year Built
1940
Lot Size
0 sqft
Sq. Ft.
3,826 ft²
Sq. Mt.
355 m²
Price per sq. ft.
$1,699/ft²
Price per sq. mt.
$18,310/m²
Stories
2
Garage
Pool
Days on Market
6 days
Listed
May 28, 2026
Last Updated
Jun 3, 2026
Price/Lot Sq.Ft.

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

June 2026

100/100
Buyers marketSellers market

39

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).

5/28/2026Listed for sale$6,500,000

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

Estimated Monthly Payment

$40,162/mo

Principal & Interest

$34,596

Property Tax

$5,417

Insurance

$150

HOA

$0

20% ($1,300,000)
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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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 6 hours ago

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