$5,750,000
502 SW & 510 27th Avenue
Explore the area: Miami homes for sale · Miami Dade County real estate
Price Check
How this price compares
- List price
- $5,750,000
- Price per sq ft
- $1,503
- Original price
- $6,500,000
- Days on market
- 118
This multi-family property in Carolina Heights is listed at $5,750,000, or $1,503 per square foot. The asking price has come down 11.5% from its original $6,500,000. It has been on the market for 118 days.
Estimated monthly payment
$30,219 /mo
Principal and interest only, based on $1,150,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $5,750,000
- Days on Site
- 118 Days
- Bedrooms
- 0
- Total Baths
- 0
- Living Area
- 3,826 sqft
- Total Sq Ft
- 3,826 sqft
- Year Built
- 1940
- Property Type
- Multi-Family
- MLS #
- A12029566
- Subdivision
- CAROLINA HEIGHTS
- County
- Miami Dade
- Status
- Active
About This Property
Exceptional Mixed-Use Investment Opportunity in the Heart of MiamiRare 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 media linkGeneral Features
- Property Type
- Multi-Family
- Status
- Active
- Year Built
- 1940
- Property Condition
- Resale
- Number of Stories
- 2
- Living Sq Ft
- 3,826
- Total Sq Ft
- 3,826
- Structure Type
- Multi Family
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- 6101
Interior Features
- Cooling
- Central Air
- Heating
- Central / Separate Meters
- Flooring
- Ceramic Tile / Vinyl
Exterior Features
- Construction
- Block
- Roof
- Concrete / Flat / Tile
Community & HOA
- Utilities
- Cable Available
- Financing Terms
- Cash / Conventional
- MLS Area
- 2410
Schools
- Elementary School
- Auburndale
- Middle School
- Citrus Grove
- High School
- Miami
About the Community
- Homes for Sale
- 1
- Under Contract
- 0
- Median List Price
- $5,750,000
- Median $/Sq Ft
- $1,503
- Avg Days on Market
- 118
Frequently Asked Questions
- How do I schedule a tour of 502 SW & 510 27th Avenue, Miami, FL 33135?
- Use the Tour button on this listing to request a showing of 502 SW & 510 27th Avenue, Miami, FL 33135. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 502 SW & 510 27th Avenue, Miami, FL 33135 still available?
- 502 SW & 510 27th Avenue, Miami, FL 33135 is currently listed as Active, and has been on the market 118 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 502 SW & 510 27th Avenue, Miami, FL 33135?
- With 20% down ($1,150,000) on the $5,750,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 502 SW & 510 27th Avenue, Miami, FL 33135 is about $30,219/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 502 SW & 510 27th Avenue, Miami, FL 33135?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 502 SW & 510 27th Avenue, Miami, FL 33135. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- What schools serve 502 SW & 510 27th Avenue, Miami, FL 33135?
- 502 SW & 510 27th Avenue, Miami, FL 33135 is zoned for Auburndale (elementary), Citrus Grove (middle), Miami (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 502 SW & 510 27th Avenue, Miami, FL 33135?
- Often, yes. The right offer on 502 SW & 510 27th Avenue, Miami, FL 33135 depends on how it's priced against comparable multi-family sales in Miami, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of RE/MAX Advance Realty II
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$5,750,000
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Listed by Haraum Mellado, RE/MAX Advance Realty II
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Recent Sales
Recently sold homes in Carolina Heights
These are the last 2 recorded closings in Carolina Heights, with the price each home actually sold for rather than what it was listed at. They closed at a median of $446 per square foot. The most recent closed on May 27, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$870,000
Sold · May 27, 2026
2722 SW 5th Street
0 bed · 0 bath · 1,952 sqft · $446/sqft
$65,000 under the asking price
Sold$799,000
Sold · July 18, 2025
2775 SW 6th Street
0 bed · 0 bath · 1,848 sqft · $432/sqft
$50,999 under the asking price
See every recorded sale in Carolina Heights or find out what your Carolina Heights home is worth.
