How much is 1027 SW 3rd Street?

1027 SW 3rd Street is listed at $2,095,000, about $414 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.

What is the cap rate on 1027 SW 3rd Street?

The listing reports net operating income of $130,158 a year, a cap rate of about 6.2% at the $2,095,000 asking price. Seller-reported income is a starting point: verify it against the rent roll, the leases and the operating statements during due diligence.

What is 1027 SW 3rd Street zoned?

The listing reports zoning of 3900. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.

How big is 1027 SW 3rd Street?

The listing reports 5,058 square feet of building.

When was 1027 SW 3rd Street built?

1027 SW 3rd Street was built in 1960. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.

How do I tour 1027 SW 3rd Street?

Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.

1027 SW 3rd Street, Miami, FL 33130

$2,095,000 · $414 per sq ft · Multifamily for sale

Property type: Multi Family
Asking price: $2,095,000
Price per sq ft: $414
Building size: 5,058 sq ft
Lot size: 7,405 sq ft
Zoning: 3900
Year built: 1960
Units: 1
Stories: 2
Net operating income: $130,158/yr
Cap rate: 6.2%
Occupancy: 100%
Tenant pays: Electricity, Interior Electric
Buildings: 1
Parcel ID: 0141020053670
MLS#: A12088855

About this property

1027 SW 3rd Street is a fully renovated and stabilized 10-unit apartment building in the heart of Little Havana, just minutes from Brickell, Downtown Miami, the Miami River and Calle Ocho. The property consists of ten 1-bedroom/1-bath units with vinyl flooring, mini-split A/C systems, stainless-steel appliances and hurricane-impact windows. This is a true turnkey Miami multifamily opportunity with strong in-place cash flow and additional upside through rents. Offered at $2,095,000, the property is being sold at a 5.91% current cap rate with a 6.71% pro forma cap rate at $1,775 per unit. At only $209,500 per unit, this is a rare opportunity to own a renovated 10-unit building in one of Miami’s most centrally located and high-demand rental markets.

Building Features and Utilities

Block

Rent Roll

Unit type	Units	Beds / baths	Size	Rent per unit	Pro forma
1 Bedroom	10	1 / —	—	$135/mo	—

10 units. Reported rent $16,200 a year ($1,350 a month).

Unit types and rents as the listing reports them in the MLS. Ask the listing broker for the leases and the trailing twelve months before you rely on them.

Operating Statement

Gross scheduled income	$194,820/yr
Gross income	$194,820/yr
Other	$60,560/yr
Net operating income	$130,158/yr
Cap rate at asking price	6.2%

Income and expenses as the seller entered them in the MLS, not verified. A buyer's lender underwrites from the actual statements and the property tax and insurance a new owner will pay.

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

Metropolitan Property Group Florida · ramin@astrapg.com · Listing agent: Francisco H Brito

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.

Request a tour or more information

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to tour 1027 SW 3rd Street or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.

Questions About 1027 SW 3rd Street

How much is 1027 SW 3rd Street?: 1027 SW 3rd Street is listed at $2,095,000, about $414 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.
What is the cap rate on 1027 SW 3rd Street?: The listing reports net operating income of $130,158 a year, a cap rate of about 6.2% at the $2,095,000 asking price. Seller-reported income is a starting point: verify it against the rent roll, the leases and the operating statements during due diligence.
What is 1027 SW 3rd Street zoned?: The listing reports zoning of 3900. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.
How big is 1027 SW 3rd Street?: The listing reports 5,058 square feet of building.
When was 1027 SW 3rd Street built?: 1027 SW 3rd Street was built in 1960. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.
How do I tour 1027 SW 3rd Street?: Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.

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