$5,400,000
871 SW 3rd St, Miami FL 33130
Income/MultiFamily · 11,700 sq ft building · Lot 5,000 sq ft · Built 1925 · Active
MLS# A12099896 · Listing courtesy of APEX Capital Realty LLC
Facts
- Type
- Income/MultiFamily
- Building area
- 11,700 sq ft
- Price per sq ft
- $462
- Lot
- 5,000 sq ft
- Year built
- 1925
- Zoning
- 3900
- Listed
- Oct 2, 2026
About this property
871 SW 3rd Street is a 100% occupied, 24-unit multifamily investment in East Little Havana. All 24 one-bedroom, one-bath apartments are leased at an average in-place rent of $1,685 per month: income from day one, no lease-up, no downtime. The existing financing is assumable at a rate below 6% with about four years remaining, so a buyer steps into in-place debt. The 40-year recertification is complete. East Little Havana is one of Miami's most vibrant, culturally rich neighborhoods, set between the Little Havana core and Brickell, minutes from Downtown Miami and the Miami River. Steady demand for well-located workforce housing keeps occupancy high. Asking Price: $5,400,000 ($225,000 per unit). 5.92% cap rate on reassessed NOI.
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Location
871 SW 3rd St, Miami FL 33130Open in Google Maps
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Listing data last updated 10/25/2026, 11:00:53 PM ET.