1132 NW 3rd St
Miami, FL 33128
Multifamily Property For Sale · 8 Units

An exceptional opportunity to acquire a fully renovated, income-producing 8-unit multifamily asset in the heart of Little Havana, one of Miami’s most dynamic and high-demand rental submarkets.
Located at 1132 NW 3rd Street, this turnkey property features seven 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, offering a highly rentable unit mix designed to meet the needs of Miami’s workforce, young professional, and urban renter base. Originally constructed in 1925 and fully renovated in 2022, the property blends historic Miami character with modern interiors, updated kitchens, renovated bathrooms, individual mini-split HVAC systems, and contemporary finishes throughout.
The asset is currently 100% occupied, providing immediate in-place income and operational stability from day one. With an NOI of approximately $134,731 and a 5.18% cap rate, the property offers investors a compelling combination of current cash flow and long-term upside through rent optimization, operational efficiencies, and continued demand growth within the Little Havana market.
Positioned just minutes from Downtown Miami, Brickell, the Miami River District, Jackson Memorial Hospital, major employment centers, dining, entertainment, and transit corridors, the property benefits from consistent renter demand in a centrally located urban infill neighborhood. The completed 40-year recertification, concrete block/stucco construction, on-site laundry income, and T4-R multifamily zoning further enhance the asset’s stability and investment appeal.
1132 NW 3rd Street represents a rare opportunity to secure a renovated, stabilized multifamily property in one of Miami’s most active rental corridors, offering immediate income today with the ability to elevate returns over time.
Jamie Bederak
423-557-4310
Jamie.Bederak@TheAgencyRE.com