220 SW 18th Avenue, Miami, FL 33135 (MLS# A12099815)

220 SW 18th Avenue, Miami, FL 33135

New Listing

$5,145,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A12099815

Property Type: Commercial Sale Square Footage: 9,918 Status: Active

Current Price: $5,145,000 List Date: 10/02/2026 Last Modified: 10/03/2026

Overview

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%.

Listing Details MLS# A12099815

General Property Information

Property Sub Type: Multi Family
Occupant Type: Call Listing Agent
Building Area Main: 9918
Year Built: 1960
Lot Size Area: 9750
Lot Size Acres: 0.22

Contract Information

Comp Sale YN: No
Original List Price: 5145000

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 220
Street Direction Prefix: SW
Street Name: 18th
Street Suffix: Avenue
City Name: Miami
Municipal Code: Yes
State Or Province: FL
Postal Code: 33135
Postal Code +4: 2087
Area: 2410
Parcel Number: 0141030141190
Subdivision Number: 14
Zoning: 4600
Flood Zone: X

Financial Information

Tax Legal Description: 3 54 41 IDLEWILD PARK PB 2-87 LOT 1 BLK 33 LOT SIZE 9750 SQUARE FEET OR 16047-2638 0893 2 COC 24172-1564 01 2006 1

Status Change Information

Major Change Timestamp: 2026-10-02T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-10-02

Price Calculations

Current Price To SqFt: 518.75

More Information

Section Details

Parcel Number MLX: 1190

Originating Details

Originating System Key: 565590507
Originating System ID: M00000151

Documents

Property Brochure ›

Listing Office: APEX Capital Realty LLC

Last Updated: October - 03 - 2026

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