500 SW 3rd Street, Miami, FL 33130
$5,400,000 · $523 per sq ft · Multifamily for sale
- Property type: Multi Family
- Asking price: $5,400,000
- Price per sq ft: $523
- Building size: 10,324 sq ft
- Lot size: 14,810 sq ft
- Zoning: 3900
- Year built: 1960
- Units: 1
- Parcel ID: 0102020501020
- MLS#: A12088863
About this property
500 SW 3rd Street is a 20-unit apartment building in the heart of Little Havana, one of Miami-Dade's most active multifamily submarkets. The offering presents a rare dual-path opportunity: a stabilized, cash-flowing rental asset today, with a clear and increasingly favorable regulatory pathway to substantial density increases under Florida's Live Local Act. Investors can hold for in-place income, reposition unit-by-unit, or pursue a ground-up redevelopment that multiplies the site's buildable unit count well beyond what Miami 21 base zoning allows.
Rent Roll
| Unit type | Units | Beds / baths | Size | Rent per unit | Pro forma |
|---|---|---|---|---|---|
| 1 Bedroom | 20 | 1 / — | — | $146/mo | — |
| 1 Bedroom | 20 | 1 / — | — | $171/mo | — |
40 units. Reported rent $76,080 a year ($6,340 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.
Presented by
BreakThru Realty · (786) 914-1017
Courtesy of
J&Co. Commercial Real Estate, Inc. · george@jcocre.com · Listing agent: George Jimenez
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 500 SW 3rd Street or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.
Questions About 500 SW 3rd Street
- How much is 500 SW 3rd Street?
- 500 SW 3rd Street is listed at $5,400,000, about $523 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 500 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 500 SW 3rd Street?
- The listing reports 10,324 square feet of building.
- When was 500 SW 3rd Street built?
- 500 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 500 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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