Home » Properties » 1228-1234-1250 SW 2nd St, Miami FL 33135

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Quadruplex Income Property in Miami’s Vibrant 33135 Area

Three contiguous buildings with 8 units on over 23k sq ft lot in Miami’s dynamic neighborhood, offering stable rental income and redevelopment potential.

$4,995,000

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MLS #A11842324

Listing Updated: 2026-05-27 12:31:35

Listed By: Douglas Elliman

Overview

This unique residential income opportunity in Miami’s 33135 ZIP code features three contiguous buildings with eight rental units totaling 6,000 square feet. Sitting on a combined lot of more than 23,000 square feet, this property offers over 210 feet of frontage along SW 2nd Street. Built in 1937, the quadruplex generates over $20,000 monthly in rental income, with potential for rent increases. Its expansive land offers flexibility for redevelopment or expansion, perfectly suited for investors seeking a solid foundation in a lively and evolving Miami neighborhood.

Property Highlights

Three contiguous buildings; 8 rental units; 23,000+ sq ft lot; 210+ feet frontage; $20k+ monthly rent; redevelopment potential; historic 1937 construction

Property Details

City: Miami

State: FL

Zip Code: 33135

Address: 1228-1234-1250 SW 2nd St, Miami FL 33135

Year Built: 1937

Property Type: Residential Income

Property Sub Type: Quadruplex

Listing Office Name: Douglas Elliman

County: Miami-Dade County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $12,942

Days On Market: 0 Days

Original Listing Description

The original MLS listing description is not available for this property.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

1228-1234-1250 SW 2nd St, Miami FL 33135

About This Neighborhood

Situated in Miami’s 33135 area, this property benefits from the energy of an active urban district with a blend of historic charm and new developments. The neighborhood attracts residents who appreciate convenient access to cultural spots, dining options, and entertainment venues. Its location between bustling city centers and quieter residential pockets creates an appealing mix for tenants seeking varied lifestyles without sacrificing accessibility. This blend defines a dynamic environment for residents and landlords alike.

Walkability & Lifestyle

The property’s address on SW 2nd Street places it within a walkable radius of numerous restaurants, boutique shops, and local services. Residents enjoy the convenience of strolling to popular dining spots, urban parks, and cultural venues, enhancing everyday living. The area’s design encourages an active lifestyle with accessible sidewalks and nearby green spaces, fostering a community feel that blends city vibrancy with neighborhood intimacy.

Things To Do Nearby

Nearby, residents can explore Miami’s rich waterfront activities, including marinas and boating options that highlight the city’s coastal appeal. The neighborhood also offers access to eclectic nightlife, diverse dining experiences, and local art scenes. Outdoor enthusiasts will appreciate parks and golf courses within a short drive, while cultural attractions provide year-round entertainment. This combination makes for a well-rounded lifestyle suited to a variety of interests.

Nearby Schools

Families considering this location benefit from proximity to well-regarded Miami-area schools, offering varied educational options across public and private sectors. The neighborhood’s urban setting ensures practical access to school transportation and community resources, making daily routines manageable for parents and students. This residential area strikes a balance between city living and family convenience, supporting both lifestyle and educational priorities.

Why Buyers Like This Area

Buyers are drawn to this Miami quadruplex for its rare combination of income stability and redevelopment potential within a sought-after neighborhood. The large lot and frontage create opportunities for future vision, while existing rental units provide immediate benefits. The area’s vibrant community atmosphere and convenient amenities further attract those seeking a balance between city life and investment pragmatism. This property appeals to both seasoned investors and those looking to enter the multifamily market with versatility.

Investment Potential

Located in a rapidly evolving Miami neighborhood, this quadruplex offers a solid rental income stream while providing a rare opportunity for future development. With over 8 rental units and a substantial lot size exceeding 23,000 square feet, investors can benefit from both immediate cash flow and long-term planning options. The property’s generous frontage on SW 2nd Street enhances visibility and potential access for creative redevelopment projects. Buyers interested in a balanced approach of income and growth will find this uniquely positioned.

Market Trends

Miami’s real estate market in this neighborhood reflects strong demand for multifamily residences, driven by population growth and urban revitalization efforts. Properties offering land and income potential are increasingly sought after, adding to the competitiveness in the area. The mix of vintage architecture with emerging luxury developments positions this market segment for sustained appeal among a diverse range of renters and investor profiles looking for established communities with future growth prospects.

Rental Income Potential

The property currently generates over $20,000 in monthly rent from its eight units, illustrating steady income potential in a high-demand rental market. Given its location and size, there is room to explore rental increases aligned with neighborhood trends. The large footprint also opens the door to expansion or redevelopment, allowing owners to adjust rental strategies over time. Seasonal demand and proximity to vibrant city amenities help maintain solid occupancy levels throughout the year.