$5,400,000
500 SW 3rd St, Miami FL 33130
Income/MultiFamily · 10,324 sq ft building · Lot 15,000 sq ft · Built 1960 · Active
MLS# A12088863 · Listing courtesy of J&Co. Commercial Real Estate, Inc.
About this property
500 SW 3rd Street is a 20-unit apartment building in the heart of Little Havana, one of Miami-Dade's most active multifamily submarkets. The offering presents a rare dual-path opportunity: a stabilized, cash-flowing rental asset today, with a clear and increasingly favorable regulatory pathway to substantial density increases under Florida's Live Local Act. Investors can hold for in-place income, reposition unit-by-unit, or pursue a ground-up redevelopment that multiplies the site's buildable unit count well beyond what Miami 21 base zoning allows.
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Listing data last updated 9/18/2026, 5:01:00 PM ET.