Home » Properties » 1520 SW 1st St, Miami FL 33135

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1520 SW 1st St, Miami FL 33135 - Multifamily Income Property

Six-unit multifamily building in Little Havana with 2-bedroom, 1-bath units, tenant parking, and washer/dryer income. Close to key Miami neighborhoods.

$1,600,000

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MLS #A11856826

Listing Updated: 2026-07-11 12:38:16

Listed By: Rejoice Realty Group, Inc.

Overview

This multifamily property at 1520 SW 1st St offers six units, each featuring two bedrooms and one bathroom, located in the vibrant heart of Little Havana. Built in 1972, the building has passed the 40-year certification and includes tenant parking, contributing to convenience and tenant satisfaction. The property benefits from low operating expenses and an income-producing washer/dryer setup. Its prime location places residents just minutes from popular Miami destinations such as Calle 8, Brickell, Downtown, Wynwood, beaches, restaurants, and shopping centers, making it an attractive option for a variety of residents.

Property Highlights

Six 2/1 units, tenant parking, low expenses, income from washer/dryer, central Little Havana location, near Calle 8 and Brickell.

Property Details

City: Miami

State: FL

Zip Code: 33135

Address: 1520 SW 1st St, Miami FL 33135

Year Built: 1972

Property Type: Commercial Sale

Property Sub Type: Income/MultiFamily

Listing Office Name: Rejoice Realty Group, Inc.

County: Miami-Dade County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $18,317

Days On Market: 274 Days

Original Listing Description

Multifamily 6 unit all units 2/1, building in the heart of Little Havana. 40 Certification has already passed. Parking for tenants. Low expenses. Income Producing washer/dryer. Minutes from, Calle 8, Brickell, Downtown, Wynwood, Beaches, restaurants and shopping.

Property Location

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

1520 SW 1st St, Miami FL 33135

About This Neighborhood

Located in the heart of Little Havana, this property benefits from a culturally rich and dynamic neighborhood known for its vibrant street life and community events. The area is popular among residents who appreciate its proximity to downtown Miami and entertainment districts. Little Havana offers a unique blend of historic charm and urban convenience, with easy access to dining, shopping, and cultural experiences that define Miami’s diverse character.

Walkability & Lifestyle

Little Havana offers a walkable environment with numerous restaurants, cafes, and local shops within easy reach. The neighborhood’s proximity to Calle 8 and other cultural landmarks enhances daily convenience. Access to public transit and nearby parks contributes to a balanced urban lifestyle, supporting both leisure and practical needs on foot.

Things To Do Nearby

The area surrounding 1520 SW 1st St is rich in cultural and recreational activities. Residents can enjoy authentic dining experiences, vibrant street festivals, art galleries, and nightlife. Close access to Wynwood’s art district, Brickell’s business and entertainment venues, and Miami’s beaches provides diverse options for leisure and socializing.

Nearby Schools

Residents in this area have access to a variety of educational institutions within reasonable commuting distance. The neighborhood’s urban setting provides convenient transportation options to nearby schools, making it suitable for families and individuals seeking educational opportunities in Miami.

Why Buyers Like This Area

Buyers appreciate this property for its strategic location in Little Havana, offering a blend of cultural vibrancy and urban convenience. The functional six-unit layout with tenant parking and low expenses makes it a practical choice for those seeking multifamily ownership. Its proximity to major Miami neighborhoods and amenities enhances its appeal for both residents and investors.

Investment Potential

This six-unit multifamily property in Little Havana offers steady rental appeal due to its central location near key Miami neighborhoods. The presence of tenant parking and income-producing amenities like washer/dryer units enhances tenant retention and usability. Its proximity to vibrant areas such as Brickell and Wynwood supports consistent demand from renters seeking convenience and urban lifestyle. Investors may find the property’s low expenses and established certification beneficial for long-term holding strategies.

Market Trends

The Miami multifamily market continues to attract interest due to limited inventory and strong demand for rental housing. Properties in central neighborhoods like Little Havana remain appealing for their accessibility to downtown and key employment hubs. Market trends indicate steady buyer interest in multifamily buildings that offer functional layouts and tenant amenities, contributing to sustained occupancy rates and market stability.

Rental Income Potential

The property's six two-bedroom units are well-suited for tenants seeking affordable and convenient housing near Miami’s core. The inclusion of tenant parking and income-generating washer/dryer facilities adds to the rental appeal. Seasonal demand and the neighborhood’s accessibility to major employment and entertainment centers help maintain consistent tenant interest, supporting steady rental income potential.