931 SW 3rd Street
Miami, FL, 33130
$18,500,000
Rare Urban Garden Apartment Community in the Heart of East Little Havana. Spanning 2.16 acres across twocontiguous 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.
Current real estate data for Commercial in Miami as of Nov 04, 2026
453
Commercial Listed
206
Avg DOM
$3,559,658
Avg List Price
Listing Provided Courtesy of Fausto Commercial Realty Consultants Inc at 786-748-7373
Property Details
Price:
$18,500,000
MLS #:
A12044485
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Multi Family
Subdivision:
Miami
Neighborhood:
2410
Listed Date:
Jun 17, 2026
Total Sq Ft:
58,260
Lot Size:
4,100,477,040 sqft / 2.16 acres (approx)
Year Built:
1947
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Community
- Address931 SW 3rd Street Miami FL
- CityMiami
- CountyMiami-Dade
- Zip Code33130
Property Summary
- 931 SW 3rd Street Miami FL is a Commercial for sale in Miami, FL, 33130. It is listed for $18,500,000 To schedule a showing of MLS#a12044485 at 931 SW 3rd Street in Miami, FL, contact your Trust House Realty agent at 9543362003.
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