931 SW 3rd St, Miami FL 33130

Commercial For Sale

$18,500,000

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New

For Sale

Commercial

0 room(s) •

Overview

Rare Urban Garden Apartment Community in the Heart of East Little Havana. Spanning 2.16 acres across two contiguous parcels totaling 79 units and 58,260 SF of building area, this community offers operational scale, enduring land value, & a residential character difficult to replicate in Miami's urban core. Presenting a rare opportunity to acquire a 79-unit garden apartment community spanning 2.16 acres — an increasingly scarce combination of scale, land, & low-density residential character within Miami's urban core. Originally developed in 1947, the property consists of multiple residential structures in a garden- style setting distinguished by expansive open areas, mature landscaping, and generous green space. The property features a diversified unit mix of 29 two-bedroom residences, 46 one-bedroom residences, and 4 studio apartments, providing broad tenant appeal and durable leasing flexibility. The site's configuration and significant land component create a setting that is increasingly difficult to replicate under today's development conditions. With current in-place gross income of $1,336,754 and pro forma gross income of $1,990,800, the portfolio presents a compelling value- add opportunity with clear rent upside — units currently average below market, offering an investor a 5.93% pro forma cap rate. Residents benefit from convenient access to employment centers while remaining immersed in the culture, dining, and everyday conveniences that define Little Havana.

Location

Florida • Miami • 33130 • Commercial • For Sale

Details

Type:

Commercial Sale

Parking:

No Data

Year Built:

1947

Lot:

94134 Square Feet

Heating:

No Data

Price/sqft:

No Data

Cooling:

No Data

HOA:

No Data

Type:

Commercial Sale

Parking:

No Data

Year Built:

1947

Lot:

94134 Square Feet

Heating:

No Data

Price/sqft:

No Data

Cooling:

No Data

HOA:

No Data

Private inquiry

Talk to the advisor on this listing.

Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

Valuation

Recent sales nearby

30 public-records sales within 0.5 mi

Median actual sale: $339K

Not enough MLS comparables for a model estimate on this property. Public-records data shown instead.

All facts and features

Lot

• Lot: 94134 Square Feet

Other Property Information

• Parcel Number: 01-41-38-003-1340

• Zoning: T4-R
Type and style

• Property Type: Commercial Sale

• Property Sub Type: Income/MultiFamily
Source details

• MLS ID: A12044485

Private inquiry

Talk to the advisor on this listing.

Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Fausto Commercial Realty Consultants Inc

931 SW 3rd St, Miami FL 33130

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