Multifamily Building for Sale in Miami, FL
Multifamily | 8 Units
Marketing description
Prime Little Havana location with immediate access to Brickell, Downtown Miami, and Jackson Memorial Hospital. This fully renovated 8-unit multifamily asset offers investors a turnkey, income-producing opportunity in one of Miami’s most sought-after workforce housing corridors.
Originally built in 1925, the property underwent a complete interior and exterior renovation in 2022 and has passed Miami-Dade’s mandatory 40-year recertification in 2025, helping reduce one of the biggest due diligence concerns for buyers of pre-1985 buildings.
The property features a highly rentable unit mix of seven 1-bedroom/1-bath units and one 2-bedroom/1-bath unit. Each residence is finished with quartz countertops, stainless steel appliances, modern two-tone cabinetry, porcelain tile bathrooms, luxury vinyl plank flooring, and individual mini-split A/C systems, eliminating the need to maintain central HVAC.
With strong in-place tenant demand, updated systems and finishes, and proximity to Miami’s major employment centers, 1132 NW 3rd Street is well-positioned for investors seeking a stabilized, low-maintenance multifamily asset with long-term upside.
Investment highlights
Investment Highlights
Fully Renovated 8-Unit Multifamily Asset
Originally built in 1925 and fully renovated in 2022, the property blends historic Miami character with modern interiors, updated finishes, and reduced near-term capital expenditure risk.
100% Occupied Income-Producing Property
The asset is currently fully occupied, offering immediate in-place cash flow and operational stability from day one.
Prime Little Havana Location
Located minutes from Downtown Miami, Brickell, the Miami River District, and major employment centers, the property benefits from strong rental demand in one of Miami’s most active urban rental corridors.
Attractive Unit Mix
The property features seven 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, a highly rentable configuration for Miami’s workforce, young professional, and urban renter base.
Strong In-Place Financials
Offered at $2,600,000 with an NOI of approximately $134,731 and a 5.18% cap rate, the property provides investors with stable income and a compelling entry point into the Miami multifamily market.
Long-Term Upside Potential
Investors have the ability to elevate returns over time through rent optimization, operational efficiencies, and continued demand growth within the Little Havana submarket.
40-Year Recertification Completed
The property has passed its required structural recertification, helping reduce a major due diligence concern for buyers of older Miami multifamily assets.
Concrete Block / Stucco Construction
Solid construction provides durability, long-term ownership confidence, and reduced maintenance concerns compared to lighter-frame assets.
Individual Mini-Split HVAC Systems
Each unit is equipped with individual mini-split HVAC systems, offering tenant comfort and operational efficiency.
T4-R Multifamily Zoning
T4-R zoning supports multifamily use while helping preserve a stable long-term residential tenant base, making the asset attractive for investors seeking consistent rental income.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
