How much is 964 SW 3rd Street?

964 SW 3rd Street is listed at $2,400,000, about $160 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 964 SW 3rd Street?

The listing reports net operating income of $163,707 a year, a cap rate of about 6.8% at the $2,400,000 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 964 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 964 SW 3rd Street?

The listing reports 15,000 square feet of building.

When was 964 SW 3rd Street built?

964 SW 3rd Street was built in 1925. 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 964 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.

964 SW 3rd Street, Miami, FL 33130

$2,400,000 · $160 per sq ft · Multifamily for sale

Property type: Multi Family
Asking price: $2,400,000
Price per sq ft: $160
Building size: 15,000 sq ft
Lot size: 7,405 sq ft
Zoning: 3900
Year built: 1925
Net operating income: $163,707/yr
Cap rate: 6.8%
Parcel ID: 0141380031450
MLS#: A12093630

About this property

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.

Operating Statement

Net operating income	$163,707/yr
Cap rate at asking price	6.8%

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

Floridian First Realty Corp · mgonzalez@flfirstrealty.com · Listing agent: Lais Same

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

Questions About 964 SW 3rd Street

How much is 964 SW 3rd Street?: 964 SW 3rd Street is listed at $2,400,000, about $160 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 964 SW 3rd Street?: The listing reports net operating income of $163,707 a year, a cap rate of about 6.8% at the $2,400,000 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 964 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 964 SW 3rd Street?: The listing reports 15,000 square feet of building.
When was 964 SW 3rd Street built?: 964 SW 3rd Street was built in 1925. 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 964 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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