Multifamily Property for Sale in Miami, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Miami, FL 33135

Description

Casa Arcos is an exceptionally located multifamily property situated in Little Havana’s central corridor between Flagler Street and Calle Ocho. This six-unit building features a diverse unit mix of junior one-bedroom, one-bedroom, and two-bedroom units. With a history of stable operations and significant upside potential with below market rents, this meticulously maintained property is being offered for sale for the first time in 14 years. Positioned one block South of Flagler Street, the property offers immediate access to public transit, retail, dining, and vibrant nightlife. Within a two-block radius, residents can reach Publix, several supermarkets, pharmacies, medical centers, and restaurants, providing convenient access to daily amenities and major employment centers. The property is also located within half a mile of both Miami Senior High School and Citrus Grove K-8 School. With strong location fundamentals, a balanced unit mix, and a sizable 5,940 square foot lot with T6-8-O zoning, 120 SW 20th Avenue offers significant upside potential through rent growth and operational enhancements. This asset is an attractive value-add opportunity for investors seeking to capitalize on Miami’s thriving multifamily market. Investment Highlights: • Diverse mix of two-bed, one-bed, and junior one-bed units • Prime Little Havana location between Flagler Street & Calle Ocho, and East of 22nd Avenue • Steps from Publix, restaurants, pharmacies, medical centers and schools • Ideal T6-8-O zoning for future redevelopment • Below market rents with strong upside potential • 40/10-year recertification completed in February 2022

Market Context

This multifamily in Miami, FL is listed for sale. It is offered at an approximate 5.2% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 68 days. Compare it against other multifamily listings for sale in Miami, FL — <a href="/search/sale/multifamily/florida/miami">view the full market</a>.

As of Q4 2025, the Miami multifamily market showed a 6.4% vacancy rate, and cap rates around 6.3%. Source: Consensus Q4 2025 market report.

Its 5.2% asking cap rate is below the Miami multifamily market average of about 6.3%, reflecting premium pricing relative to comparable assets.

Multifamily market FAQ

What is the typical cap rate for multifamily in Miami?
About 6.3% as of Q4 2025, per Consensus.
Is the Miami multifamily market tightening or softening?
Vacancy is around 6.4% (Q4 2025).

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