Little Havana duplex in a quiet residential pocket, offering exemption from 40-year recertification requirements, current multifamily utility, value-add upside, and long-term T4-L land control. Located at 1468 SW 2 Street, the property sits within one of Miami’s most established urban neighborhoods, close to Flagler Street, Calle Ocho, Downtown Miami, Brickell, the Miami River, and the Health District, while remaining tucked away from the heavier traffic and tourism patterns of the area’s commercial corridors. The property is improved with a 1921-built duplex featuring a 2-bedroom/1-bath unit and a 2-bedroom/2-bath unit. The building needs renovation, but offers a compelling value-add canvas for an investor willing to restore character, improve operations, and capture rental upside in a supply-constrained Little Havana submarket. Zoned T4-L and situated on a 5,000 SF lot, the site also provides longer-term development optionality in a neighborhood supported by durable residential demand, nearby schools, major employment centers, entertainment corridors, and strong access to Miami’s urban core.
Multi-familyProperty Type
1921Year Built
$321Price/Sq.Ft.
1 spaceParking
Listed by Christopher Carbonell• Fausto Commercial Realty Consultants Inc
•305-753-3295 (agent)
•Cc@faustocommercial.com (agent)
•786-748-7373 (broker)
•cfm@faustocommercial.com (broker)
Listed by Mauricio Villasuso• Fausto Commercial Realty Consultants Inc
Latin Quarter, located between Brickell Avenue and Biscayne Bay, is a residential and cultural Miami neighborhood with mid-rise condos and waterfront promenades. The neighborhood’s character concentrates around the Brickell City Centre complex at S Miami Ave and SW 8th St, where sidewalk patios, galleries, and chef-driven dining keep the streetscape active. Community pillars include the Adrienne Arsht Center for the Performing Arts, Pérez Art Museum Miami, and HistoryMiami Museum. Architecture leans contemporary, with glass towers set against older low-rise blocks. Bayfront paths and pocket parks shape a walk-and-pause rhythm. Transit nodes and bike lanes tie daily errands to downtown blocks.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Month-to-month rental units
Bedrooms
Two 2-bedroom units
Bathrooms
One unit with 1 full bathroom
One unit with 2 full bathrooms
Heating & cooling
Central air conditioning
Exterior features
Carport parking for units
Less than quarter-acre lot
Home design
Two-story building
Raised foundation
Built-Up roof
Frame construction
Parking
Total of 1 parking space reported
Carport parking associated with units
Construction
Frame construction
Built-Up roof
Raised foundation
Effective year built reported
Utilities
Cable available
Public sewer
Electricity and solar
View estimated energy costs and solar savings for this home
Hot property, Great rental demand keeps this large property comprised of 2 structures with stable tenants. Excellent opportunity to purchase investment property in Little Habana or knock down and build to take advantage of highest and best use. Zoning T5 L.
MARMLS #A10306842
Oct 10, 2017
Sold
$260,000
$140/sq ft
Aug 2, 2017
Pending
—
Jul 14, 2017
Price Changed
$257,000
$138/sq ft
Jul 8, 2017
Listed
$265,000
$143/sq ft
GREAT OPPORTUNITY FOR BUILDERS / INVESTORS ZONED GENERAL T4 L 3901 - KING HGTS ORCHARD VILLA IDEAL TO DEVELOPER. CLOSE TO BRICKELL AND 8TH STREET
Public Records
Oct 1, 1972
Sold
$25,460
$14/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$8,738 (+7.7%)
2024
$8,117 (+7.7%)
2023
$7,535 (+18.3%)
2022
$6,368 (−5.4%)
2021
$6,731 (+18.4%)
$250,000 + $40,458
$290,458
2020
$5,683 (+4.9%)
$250,000 + $48,913
$298,913
2019
$5,420 (+14.1%)
2018
$4,751 (+103.5%)
$200,000 + $8,668
$208,668
2017
$2,335 (+10.5%)
$200,000 + $8,668
$208,668
2016
$2,113 (−1.8%)
2015
$2,152 (+7.1%)
2014
$2,010 (+10.7%)
2013
$1,816 (+4.5%)
2012
$1,737 (+10.2%)
$50,000 + $60,617
$110,617
2011
$1,576
Public record
Public record
Zoning
Beds
3
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
5,000 Sq. Ft.
Year renovated
1921
Finished Sq. Ft.
1,580
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,580
Year built
1921
Style
Multi-Family (2-4 Unit)
County
Miami-Dade County
APN
0141020062430
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 14, 2026.
T5-L
Urban Center Transect - Limit Zone
The Urban Center Zone consists of higher Density Mixed-Use Building types that accommodate retail and office Uses, rowhouses and apartments. A network of small blocks has Thoroughfares with wide Sidewalks, steady street tree planting and Buildings set close to the Frontages with frequent doors and windows.
Permitted uses
Include but are not limited to:
Religious facility
Restaurant
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Student
Bed & breakfast
Hotel / motel
Mixed use
Office
Climate risks
6/10 Flood Factor
Estimated 62-76% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
10/10 Heat Factor
7 days above 103° expected this year, 27 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Miami, FL • 33135
Average low and high temperatures (°F)
75
60
78
64
81
67
82
73
87
77
89
79
90
80
91
79
88
77
85
76
81
70
78
67
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
75/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
7.6 hrs
5.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1468 SW 2nd St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $440,000 and $735,000.
Nearby comparable homes
The Redfin Estimate uses 5 recent nearby sales, priced between $440K to $735K.