$2,400,000

964 SW 3rd, Miami FL, 33130

Price per sqftN/A

Built in1925

Property typeCommercial

Courtesy of Lais Same with Floridian First Realty Corp

Overview

Active

Listed Sep 22, 2026

Updated 3 weeks ago

956-964 SW 3rd Street offers developers and investors the opportunity to acquire an eight-unit multifamily asset on a 15,000-square-foot assemblage in Miami's urban core, at an asking price of $2,400,000 and an in-place cap rate of 4.87%. The offering combines current income from the existing improvements with the underlying land value of a 0.344-acre T4-R site. For an investor, the property presents in-place net operating income of $116,901.06 on annual gross income of $163,707.00 across eight apartments, with electric service individually metered and paid directly by tenants — a structural feature relevant to evaluating the asset's ongoing expense profile. For a developer, the T4-R zoning designation and 15,000-square-foot land area, spanning two folios, may support future redevelopment, renovation, or repositioning of the site, subject to independent verification of zoning, density, and permitted uses with the applicable governing authorities.

Additional information

MLS^® ID: A12093630

Interior Features

Basement: No

Exterior Features

Lot Size: 0.17 Acres

Courtesy of Floridian First Realty Corp, Lais Same,
Listing Contact: 786-280-8680

Based on information from Martin County REALTORS of the Treasure Coast, Inc. (RAMC) as of 9/22/2026. 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 6:59 PM UTC, 9/22/2026