220 SW 18th Ave, Miami, FL
About this property
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%.
Property facts
- Sqft
- 9,918
- Year Built
- 1960
- Location
- Miami, FL 33135
- County
- Miami-Dade County
- FEMA flood zone
- Zone X, minimal risk
- Ground elevation
- 7.4 ft
- Hurricane evacuation zone
- Zone E
- Distance to the coast
- 2.1 mi
Sources: FEMA National Flood Hazard Layer (panel 12086C0313L, effective 2009-09-11), USGS 3DEP, Florida Division of Emergency Management, OpenStreetMap coastline. Checked 2026-10-03. Public map data looked up at this location, not a survey or an insurance quote. Confirm with an elevation certificate, the county and your insurer.
Rent roll, cap rate, zoning, tours, off-market alternatives. Leave your email and Anthony replies, usually within 1 hour.
Interested in this property?
Contact Anthony Conners at Atlantic Commercial Advisors to schedule a showing or learn more.