Listed by Porosoff Group
$7,140,000
858 NW 3rd St - 24 Units $295K Unit
Details
APN 01-41-38-003-3540
Property Type Multifamily
Sub Type Apartment Building, Apartment/Condo
Square Footage 16,606
Net Rentable (SqFt) 16,606
Units 24
Cap Rate 6.00%
Price per SqFt $430
Class C
Year Built 1925
Year Renovated 2025
Buildings 2
Stories 2
Lot Size (SqFt) 15,000
Zoning 3900
Ownership Fee Simple
Multifamily | 24 Units | $297,500/unit
Marketing description
Fully renovated 24-unit multifamily property located in the heart of Little Havana, Miami, FL. The property underwent a complete structural renovation in 2025, with all work completed with permits, and offers investors a true turnkey opportunity in one of Miami’s most sought-after urban neighborhoods.
Little Havana is a dense, high-demand submarket with nearly 300,000 residents within a three-mile radius, making it ideal for multifamily housing serving tenants seeking proximity to employment centers at more affordable rents than Brickell or Downtown. The property is located just minutes from Brickell, South Florida’s premier financial district and a major hub for international banking, finance, dining, and entertainment.
This asset benefits from strong rental demand, modern upgrades, low ongoing maintenance requirements, and proximity to major employment and lifestyle drivers, making it well-positioned for stable cash flow and long-term appreciation.
Investment highlights
• Turnkey Property with New Annual Leases
• 2025 Complete Structural Renovation - All Work Done with Permits
• 40/50 Year Recertification Completed in 2025
• All Impact Windows and Doors
• On-Site Parking
• Washer and Dryer in All Units
• Brand New Stainless Steel Appliances
• All 24 Units Are 2-Bedroom/1 Bath Units
• Very Low Maintenance Costs / Minimal Upkeep of Landscaping and Common Areas
Listing Contacts
Listed by Porosoff Group
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Zoning
T4-R MixedMixed UseGeneral Urban Transect Restricted
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View all 49 uses Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics
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