871 SW 3rd Street, Miami, FL 33130 (MLS# A12099896)

871 SW 3rd Street, Miami, FL 33130

New Listing

$5,400,000

Property Type: Commercial Sale Square Footage: 11,700 Status: Active

Current Price: $5,400,000 List Date: 10/02/2026 Last Modified: 10/02/2026

Overview

Description

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.

Listing Details MLS# A12099896

General Property Information

Property Sub Type: Multi Family
Occupant Type: Call Listing Agent
Building Area Main: 11700
Year Built: 1925
Lot Size Area: 5000
Lot Size Acres: 0.11

Contract Information

Comp Sale YN: No
Original List Price: 5400000

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 871
Street Direction Prefix: SW
Street Name: 3rd
Street Suffix: Street
City Name: Miami
Municipal Code: Yes
State Or Province: FL
Postal Code: 33130
Postal Code +4: 2273
Area: 2410
Parcel Number: 0141380034200
Subdivision Number: 3
Zoning: 3900
Flood Zone: AE

Financial Information

Tax Legal Description: BRICKELL RIVERVIEW PB 5-43 S100FT LOT 12 BLK 29 LOT SIZE 5000 SQUARE FEET OR 18770-1817 0999 2 (10) OR 23151-2804 02 2005 2(2)

Status Change Information

Major Change Timestamp: 2026-10-02T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-10-02

Price Calculations

Current Price To SqFt: 461.53

More Information

Section Details

Parcel Number MLX: 4200

Originating Details

Originating System Key: 565603155
Originating System ID: M00000151

Documents

Property Brochure ›

Listing Office: APEX Capital Realty LLC

Last Updated: October - 02 - 2026

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