$5,400,000

871 SW 3rd, Miami FL, 33130

Price per sqftN/A

Built in1925

Property typeCommercial

Courtesy of Miguel Pinto with APEX Capital Realty LLC

Overview

Active

Listed Oct 2, 2026

Updated 8 days ago

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.

Additional information

MLS^® ID: A12099896

Interior Features

Basement: No

Exterior Features

Lot Size: 0.11 Acres

Courtesy of APEX Capital Realty LLC, Miguel Pinto,
Listing Contact: 305-570-2600

Based on information from Martin County REALTORS of the Treasure Coast, Inc. (RAMC) as of 10/5/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Data last updated 4:37 AM UTC, 10/5/2026