Legal Triplex Operating as
For Sale
$1,550,000
529 SW 3rd St, Miami, FL 33130
MULTI_FAMILY - Miami, FL
Property Size2,730 SF
Price / SF$567.77
Days on Market20
Property Features for 529 SW 3rd St
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
3900
Bedrooms
8
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 6, Bedroom 7, Bathroom 3, Bedroom 8, Bedroom 4, Bathroom 1, Bedroom 5, Bathroom 4, Bedroom 1
Parking
4
Subdivision
CITY OF MIAMI SOUTH
Lot features
< 1/4 Acre
Standard status
Active
APN
01-02-02-000-1200
Size
2,730 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
CITY OF MIAMI SOUTH PB B-41 LOT 17 BLK 20 LOT SIZE 7500 SQUARE FEET OR 19734-1166 04 2001 3 COC 23769-0667 08 2005 4
Tax Annual Amount
15846
Legal Description
CITY OF MIAMI SOUTH PB B-41 LOT 17 BLK 20 LOT SIZE 7500 SQUARE FEET OR 19734-1166 04 2001 3 COC 23769-0667 08 2005 4
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Amenities
Central AC
Laundry in each unit
Building Details
Year built
1910
Floors in Building
2
Flooring type
Tile - Ceramic, Laminate
Building materials
Block
Roof type
Shingle
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
Monica Malpica · License #3282829
(407) 968-3856
Added: Jul 18
Changed: Aug 4
Last Checked: Aug 6 at 3:06AM
MLS# A11952416
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Fully renovated legal triplex currently operating as a fourplex. The property is built with block construction and features PVC plumbing, central A/C in all units, and laundry in each unit. Interior finishes include laminate and ceramic tile flooring.
The home is located at 529 SW 3rd St in Miami, FL 33130, a few blocks away from Brickell. The property is zoned for multifamily use and served by public sewer, with cable available.
Originally built in 1910, the roof is noted as from 2017. With approximately 2,730 square feet of space, the configuration supports both current income use and consideration of additional multifamily or redevelopment options consistent with the property’s zoning for multifamily.
The home is located at 529 SW 3rd St in Miami, FL 33130, a few blocks away from Brickell. The property is zoned for multifamily use and served by public sewer, with cable available.
Originally built in 1910, the roof is noted as from 2017. With approximately 2,730 square feet of space, the configuration supports both current income use and consideration of additional multifamily or redevelopment options consistent with the property’s zoning for multifamily.
Key Highlights
- Legal triplex currently working as a fourplex
- Fully renovated with multifamily zoning
- Central A/C in all units
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.5k | $30.60 |
| − Vacancy | −$5.3k | −$1.95 |
| EGI | $78.2k | $28.65 |
| − OpEx | −$23.5k | −$8.60 |
| NOI | $54.8k | $20.06 |
2,730 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$782.2K
$684.4K – $912.5K
NOI $54,752 @ 7.0% cap · market cap 3.53%
Second Best
Apartment 5plus
$720.5K
$630.4K – $840.5K
NOI $50,432 @ 7.0% cap · market cap 3.25%
Theoretical Best
Specialty Retail
$1.84M
$1.61M – $2.15M
NOI $128,994 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
9,064
Businesses Nearby
Explore this area
Business Placement
Demographics for 33130, FL
35,609
Population
20,377
Households
1.7
Avg Household Size
36
Median Age
42%
College-Educated
81%
High-School Grad
1.1 sq mi
ZIP Area
32,372
Density / Sq Mi
$57,933
Median Household Income
$36,888
Median Earnings
$1,656
Median Rent
$479,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fully renovated triplex configured to function as a fourplex with central A/C, laundry in each unit, and PVC plumbing.
Where is this triplex located?
The property is located at 529 SW 3rd St Miami, FL.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Legal triplex currently working as a fourplex; Fully renovated with multifamily zoning; Central A/C in all units
