How much is 690 NW 3rd Street?

690 NW 3rd Street is listed at $10,000,000, about $344 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 690 NW 3rd Street?

The listing reports net operating income of $524,944 a year, a cap rate of about 5.2% at the $10,000,000 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 690 NW 3rd Street zoned?

The listing reports zoning of 4601. 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 690 NW 3rd Street?

The listing reports 29,039 square feet of building.

When was 690 NW 3rd Street built?

690 NW 3rd Street was built in 1971. 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 690 NW 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.

690 NW 3rd Street, Miami, FL 33128

$10,000,000 · $344 per sq ft · Multifamily for sale

Property type: Multi Family
Asking price: $10,000,000
Price per sq ft: $344
Building size: 29,039 sq ft
Lot size: 1.03 acres
Zoning: 4601
Year built: 1971
Units: 6
Net operating income: $524,944/yr
Cap rate: 5.2%
Tenant pays: Electricity, Interior Electric
Buildings: 5
Parcel ID: 0102000401060
MLS#: A12090154

About this property

PRIME MIAMI RIVER ASSEMBLAGE | 45,000+ SF | T6-8 ZONING | COVERED LAND PLAY >>> Unrivaled urban development opportunity steps from the Miami River district! Presented by Eleventrust, this strategic assemblage combines 5 contiguous parcels totaling 45,000+ SF of prime land in a top growth corridor. === COVERED LAND PLAY WITH IMMEDIATE UPSIDE: Features 47 residential units with a diverse unit mix, offering steady income while plans are finalized. Existing operations hold immense upside, with potential gross revenue exceeding $1,000,000+ by adjusting below-market rents to active market rates. === REDEVELOPMENT POTENTIAL: Zoned T-6-8 under Miami 21, this site is ideal for high-density multi-family, hotel, or mixed-use projects. Positioned in the path of growth with seamless connectivity to Brickell, Downtown, and the Health District. === KEY HIGHLIGHTS: [1] Site Area: 45,000+ SF (5 Parcels) [2] Zoning: T-6-8 (Miami 21 Core) [3] Income Upside: Potential exceeding $1M Gross Income by aligning rents to market [4] Strategy: Covered land play in a rapidly appreciating submarket.

Rent Roll

Unit type	Units	Beds / baths	Size	Rent per unit	Pro forma
Efficiency	21	—	—	$83/mo	—
1 Bedroom	7	1 / —	—	$125/mo	—
2 Bedroom	15	2 / —	—	$167/mo	—
3 Bedroom	1	3 / —	—	$150/mo	—
4 Bedroom Or More	2	4 / —	—	$250/mo	—
4 Bedroom Or More	1	5 / —	—	$250/mo	—

47 units. Reported rent $72,276 a year ($6,023 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 income	$897,600/yr
Net operating income	$524,944/yr
Cap rate at asking price	5.2%

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

Eleventrust LLC · info@eleventrust.com · Listing agent: David Fermoselle

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 690 NW 3rd Street or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.

Questions About 690 NW 3rd Street

How much is 690 NW 3rd Street?: 690 NW 3rd Street is listed at $10,000,000, about $344 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 690 NW 3rd Street?: The listing reports net operating income of $524,944 a year, a cap rate of about 5.2% at the $10,000,000 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 690 NW 3rd Street zoned?: The listing reports zoning of 4601. 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 690 NW 3rd Street?: The listing reports 29,039 square feet of building.
When was 690 NW 3rd Street built?: 690 NW 3rd Street was built in 1971. 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 690 NW 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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