$2,095,000
1027 SW 3rd St, Miami FL 33130
Income/MultiFamily · 5,058 sq ft building · Lot 7,500 sq ft · Built 1960 · Active
MLS# A12088855 · Listing courtesy of Metropolitan Property Group Florida
Facts
- Type
- Income/MultiFamily
- Building area
- 5,058 sq ft
- Price per sq ft
- $414
- Lot
- 7,500 sq ft
- Year built
- 1960
- Stories
- 2
- Zoning
- 3900
- Listed
- Sep 14, 2026
About this property
1027 SW 3rd Street is a fully renovated and stabilized 10-unit apartment building in the heart of Little Havana, just minutes from Brickell, Downtown Miami, the Miami River and Calle Ocho. The property consists of ten 1-bedroom/1-bath units with vinyl flooring, mini-split A/C systems, stainless-steel appliances and hurricane-impact windows. This is a true turnkey Miami multifamily opportunity with strong in-place cash flow and additional upside through rents. Offered at $2,095,000, the property is being sold at a 5.91% current cap rate with a 6.71% pro forma cap rate at $1,775 per unit. At only $209,500 per unit, this is a rare opportunity to own a renovated 10-unit building in one of Miami’s most centrally located and high-demand rental markets.
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Location
1027 SW 3rd St, Miami FL 33130Open in Google Maps
Placed from the listing’s coordinates in the MLS. The street map loads from OpenStreetMap when opened. Coastline © OpenStreetMap contributors.
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Listing data last updated 10/25/2026, 3:00:55 PM ET.