New Listing
$5,145,000
 $27,619 est/mo Sourced by Back At You

220 SW 18th Avenue,Miami, FL 33135

Miami, FL 33135

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Description

220 SW 18th Avenue is a turnkey, fully occupied 21-unit multifamily investment opportunity located in the heart of Little Havana, one of Miami's most established rental markets. Originally built in the 1960s, the property offers investors the advantage of a newer vintage multifamily building compared with much of Little Havana's older 1920s and 1930s housing stock. The 9,918 SF building features a uniform unit mix of 21 one-bedroom/one-bathroom apartments, providing a simple and efficient configuration with consistent renter demand. The property is 100% occupied, generating $36,649 in monthly rent. The building also successfully completed its 40/50-Year Recertification in 2020. The property has been renovated and upgraded with impact windows, reducing near-term capital needs. Located just off West Flagler Street and minutes from Calle Ocho, loanDepot park, Downtown Miami and Brickell. Asking Price: $5,145,000 ($245,000 / Unit). Current Cap Rate: 7.03%.

Details

MLS #A12099815
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1960
Days On Site6
Listing Provided ByAPEX Capital Realty LLC | Miguel Angel Pinto

Features

SQ Feet9,918
Zoning4600
Acreage0.22

Area Information

StateFL
CountyMiami Dade
CityMiami
Zip Code33135
Area2410
Listing VS Median (in 33135)
Price:
$5,145,000
low | high
Med:
$10,000
100% of Average
sqft:
9,918
low | high
Med:
22,500
76.860254083485% of Average
$ / sqft:
$519
low | high
Med:
$0
100% of Average
On site:
6
low | high
Med:
28
21.428571428571% of Average
Sourced by Back At You

Market Activity 33135

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Learn More About This Property

StateFL
CountyMiami Dade
CityMiami
Zip Code33135
Area2410
Listing VS Median (in 33135)
Price:
$5,145,000
low | high
Med:
$10,000
100% of Average
sqft:
9,918
low | high
Med:
22,500
76.860254083485% of Average
$ / sqft:
$519
low | high
Med:
$0
100% of Average
On site:
6
low | high
Med:
28
21.428571428571% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $3.858M - $6.431M
sqft: 7,000 - 12,000
Nearby Listings Property ImageNearby Listings Details
111 SW 18th Ave Property Photo 1
$3,950,000
111 Sw 18th Ave
Miami, FL 33135
111 SW 18th Avenue Property Photo 1
$3,950,000
111 Sw 18th Avenue
Miami, FL 33135
Listing Updated: October 2, 2026 at 8:34:36 PM PDT