Multifamily in Miami, FL 33135
Carolina Heights, 502 SW 27th Ave

Beds
3,826
SqFt
$1,503
$/SqFt
Mid-Tier Multifamily
Built in 1940
Fourplex
Exceptional Mixed-Use Investment Opportunity in the Heart of Miami Rare chance to acquire a fully remodeled mixed-use income-producing property in one of Miami's most desirable and rapidly growing neighborhoods, conveniently located between Little Havana and Coconut Grove. This unique investment portfolio features: • Medical Office Space on the ground floor, providing stable commercial tenancy potential. • Two (2) Renovated 2-Bedroom/2-Bath Apartments located above the medical office. • One Fourplex consisting of four (4) remodeled 1-Bedroom/1-Bath units. • One Duplex featuring two (2) remodeled 1 bedroom one bath. The property offers a total of 8 residential units plus a commercial medical office, creating multiple income streams and strong cash flow potential. All units have been beautifully updated, minimizing immediate capital expenditures and allowing for seamless transition for investors. Ideally situated near major employment centers, restaurants, shopping entertainment, and public transportation, the location continues to benefit from strong rental demand and ongoing neighborhood growth. Its walking distance to the Little Havana area in addition to being minutes from Coconut Grove and Brickell makes it highly attractive to both residential and commercial tenants. Don't miss the chance to own a turnkey mixed-use investment with significant income potential in a prime location.
MLS Number: A12029566
On Site: 110 Days
Updated: 39 Days ago
Page Views: 0

Features

Bedrooms
    Bathrooms
      Exterior and Lot Features
        Interior, Heating and Cooling
        • Heating Description: Central
        • Cooling Description: CentralAir
        Building and Construction
        • Floor Description: CeramicTile,Vinyl
        • Year Built: 1940
        • Year Built Description: Resale
        • Style: Fourplex
        Waterfront and Water Access
        • Waterfront Frontage: No info
        School Information
          Other Property Info
          • Listing Date: 2026-06-02T15:41:16.000-00:00
          Taxes, Fees & More
          • Taxes: No info

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          Price History

          Current
          $5.8M
          High
          $6.5M
          Low
          $5.8M
          Total Change
          -11.5%
          $6.6M$6.1M$5.7MJun 26Jun 26Aug 26
          Date
          Event
          Price
          Change
          Price Per
          08/12/2026
          Price Reduced
          $5.8M
          -11.54%
          $1,503 ft2
          $16,177 m2
          06/12/2026
          Price Reduced
          $6.5M
          0%
          $1,699 ft2
          $18,287 m2
          06/02/2026
          Listed
          $6.5M
           
          $1,699 ft2
          $18,287 m2
          08/12/2026
          $5.8M
          Event
          Price Reduced
          Change
          -11.54%
          Price Per
          $1,503 ft2
          $16,177 m2
          06/12/2026
          $6.5M
          Event
          Price Reduced
          Change
          0%
          Price Per
          $1,699 ft2
          $18,287 m2
          06/02/2026
          $6.5M
          Event
          Listed
          Price Per
          $1,699 ft2
          $18,287 m2
          Price per square foot and days on website are not provided values and are calculated by Subdivisions.
          Listed by Haraum MelladoRE/MAX Advance Realty II • Buyer Agency Compensation .

          Listing Location & Street View
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          Scores

          Walk Score®
          Very Walkable. Most errands can be accomplished on foot
          81

          100
          Transit Score®
          Good Transit. Many nearby public transportation options
          53

          100
          Bike Score®
          Bikeable. Some bike infrastructure
          52

          100
          Sound Score®
          Very loud
          66

          100
          Airport Score
          Close to airports. Noticeable airport activity
          4

          100
          Traffic Score
          Congested area. Frequent traffic delays
          40

          100
          Local Score
          Limited local amenities nearby
          4

          100
          Community Snapshot
          4 – 4 BR
          Bedrooms
          $975K – $5.8M
          Price Tier
          1,230 - 3,826
          SqFt Range
          1952
          Year Build
          1
          Total Floors

          Subdivision Amenities

          Controlled Access
          None

          Miami
          Mid-Tier
          Mid-Tier Homes & Condos