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$2,095,000

  • For Sale
  • Active
  • Commercial Multi-Family
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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.

Full Property Details for 1027 SW 3rd St

General

  • Price: $2,095,000
  • Status: Active
  • Type: Commercial Multi-Family
  • Source: Greater_Miami
  • MLS ID: A12088855
  • Updated: 9/14/2026
  • Added to Site: 17 day(s) ago

Business

  • Business Type: Residential-Multi-Family

Location

  • County: Miami-Dade County

Community

  • Units Assoc/Comm: 10

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central Individual A/C
  • Heating Type: Central Electric

Utilities

  • Sewer: Public Sanitation
  • Water: Public

Structural Information

  • # Buildings: 1
  • Detached/Attached: Detached
  • Construction: Concrete Block Construction
  • Windows: Complete Impact Glass
  • Stories/Levels: 2
  • Building Size: 5058
  • Year Built: 1960

Unit Information

  • Units in Complex: 10

Lot Features

  • Lot Size (Sq. Ft.): 7,500
  • Zoning: 3900

Financial Considerations

  • Operating Expenses: $60,560
  • Tenant Pays: Electricity

Disclosures and Reports

  • Special Conditions: Sale
  • Legal Description: 2 54 41 PB 2-46 LAWRENCE ESTATE LAND CO SUB LOT 15 BLK 20 LOT SIZE 7500 SQUARE FEET OR 17617-4151 0497 4
  • Property ID: 01-41-02-005-3670

Listed by Metropolitan Property Group Florida

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— 1027 SW 3rd St —

  • Metropolitan Property Group Florida

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1027 SW 3rd St

School District:Dade County School District
NameGradesDistance
Riverside Elementary Community School
1190 Southwest 2nd Street, Miami, FL 33130
PK-50.1 mi
Jose De Diego Middle School
3100 Northwest 5th Avenue, Miami, FL 33127
6-82.5 mi
Booker T. Washington Senior High School
1200 Northwest 6th Avenue, Miami, FL 33136
9-121.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1027 SW 3rd St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/14/2026
Listed
$2,095,000
33.02%
MLS
5/16/2022
Sold
$1,575,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1027 SW 3rd St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$27,983
4%
$1,400,000
2%
2024
$26,922
8%
$1,370,000
13%
2023
$24,873
36%
$1,210,000
27%
2022
$18,255
11%
$950,000
13%
2021
$16,519
-7%
$840,000
1%
2021
$17,847
10%
$829,000
2%
2019
$16,213
47%
$812,000
86%
2018
$11,063
28%
$436,356
—
2017
$8,671
7%
$435,000
21%
2016
$8,123
9%
$360,626
10%
2015
$7,458
10%
$327,842
10%
2014
$6,775
6%
$298,039
10%
2013
$6,369
—
$270,945
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Metropolitan Property Group Florida

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1027 SW 3rd St, Miami, FL 33130 (MLS# A12088855) is a Commercial Multi-Family property. 1027 SW 3rd St is currently listed for $2,095,000 and was received on September 14, 2026. Want to learn more about 1027 SW 3rd St? Do you have questions about finding other Commercial Multi-Family real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.

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