931 SW 3rd St Miami FL 33130 MLS #A12044485
931 SW 3rd St
Miami, FL, 33130
$18,500,000
Beds
0 Baths
0 SqFt
0 Acres
$18,500,000
931 SW 3rd St
Miami, FL, 33130
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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.

Property Details

Price:
$18,500,000
MLS #:
A12044485
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Income/MultiFamily
Listed Date:
Jun 17, 2026
Total Sq Ft:
58,260
Year Built:
1947
Apartments,commercial/residential Income

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Current real estate data for Commercial in Miami as of Jul 09, 2026
924
Commercial Listed
202
Avg DOM
$1,489,901
Avg List Price

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Property Summary

    931 SW 3rd St Miami FL is a Commercial for sale in Miami, FL, 33130. It is listed for $18,500,000
931 SW 3rd St
Miami, FL