Address
931 Sw 3rd St, Miami, FL
Price
$ 18,500,000
Property Attributes
- MLS#A12044485
- TypeSingle Family
- Listing Status Active
- CountyMiami-Dade
- CityMiami
- Area41
- Zip33130
- Style
- Year Built1947
- Price$ 18,500,000
- Bedrooms79
- Full Bathrooms79
- Half Bathrooms0
- Sqr Footage58260
Data Source:
Southeast Florida MLS (SEFMLS)
Property Description
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.
| Price History | |
|---|---|
| 6/28/2026 | Listed $18,500,000 |
General Features
| Year Built | 1947 |
|---|---|
| Property Subtype | MultiFamily |
| County | Miami-Dade |
| Property Type | CommercialSale |
| Full Baths | 79 |
| Status | Active |
| City | Miami |
| Zoning Description | T4-R |
| Number Of Units Total | 79 |
| MLS Area | 41 |
| Lot Size Units | SquareFeet |
| Lot Size Square Feet | 94134 |
| Virtual Tour | https://www.propertypanorama.com/instaview/mia/A12044485 |
| Structure Type | Apartment |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Property Sub Type Additional | MultiFamily |
| PostalCity | Miami |
| Legal Description | RIVERVIEW PB 5-43 LOT 3 & E31FT OF LOT 4 & ALL LOTS 12 THRU 20 BLK L OR 19521-3874 0201 2 (2) |
Interior Features
| Total Bedrooms | 79 |
|---|
Exterior Features
| Lot Size Area | 94134 |
|---|---|
| Building Area Total | 58260 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 33130
Price
Year Built
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Data Last Updated: September 23, 2026 3:35 AM UTC
Palm Beach Board of Realtors MLS® (PBBORMLS) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
