931 SW 3rd St - Image 1
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$18,500,000

931 SW 3rd St

Miami, FL 33130•Miami-Dade County
Multi FamilyFor SaleActive

Property Highlights

0 / 0

Beds / Baths

58,260

Square Feet

2.16

Acres

1947

Year Built

About This Property

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

Year Built1947
Living Area58,260 sqft
Lot Size2.16 acres

Listing Information

MLS IDA12044485
MLS NameMiamiAssociationOfRealtors
Sale TypeFor Sale
Days on Market116 days
Last UpdatedJun 28, 2026
Price ChangedJun 28, 2026

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Quick Stats

Property Type:Multi Family
Status:Active
Listed:N/A