Brickell Luxury Condos for Sale

For Sale

931 3rd St, Miami, Florida 33130

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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.

Basic Details

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.

Condominium:
3rd St
Property Type:
Commercial Sale
Listing Type:
For Sale
Listing ID:
A12044485
Price:
$18,500,000
Days On Market:
11
Property Sub Type:
Income/multifamily
Address Map
State:
FL
County:
Miami-Dade County
City:
Miami
Zipcode:
33130
Street:
3rd St
Street Number:
931
Longitude:
W81° 47' 23.6''
Latitude:
N25° 46' 16.1''
MLS Addon
BuildingAreaTotal:
58,260 Sqft
BuildingAreaUnits:
Square Feet
LivingAreaUnits:
Square Feet
LotSizeSquareFeet:
94,134 Sqft
LotSizeUnits:
Square Feet
MapCoordinate:
-80.2101236,25.7711272
MlsStatus:
Active
NumberOfUnitsTotal:
79
OriginalListPrice:
$18,500,000
SpecialListingConditions:
Sale
StreetDirPrefix:
SW
PhotosChangeTimestamp:
28/06/2026 12:04:46
Commercial Sale For Sale
Listing ID:
A12044485
Visits:
5 in 16 days
$18,500,000
Agent info
Contact Agent
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