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5-Unit Apartment Property
For Sale
$434,000

1059 SW 3rd St, Miami, FL 33130

Two-building apartment property requiring substantial renovation and offered in its existing condition.

Property SizeContact for details
Days on Market90

Property Features for 1059 SW 3rd St

General Information

Standard status Active
Property subtype Quadruplex

Property Condition

Severity Major Repairs Needed
Evidence needs significant work

Financials

Gross Income $78,000
Average Monthly Rent $1,300

Units

Unit Mix 5 x 3BR/1BA
Multifamily Units 5

Amenities

Electric
Cable Available, Composition

Building Details

Year Built 1920
Buildings 2
Listed By: Oscar Valdes PA · License #SL3286179
Source: Kw
Added: Jun 7 Changed: Sep 4 Last Checked: Sep 3 at 6:05AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Oscar Valdes PA

Investment Insights

Based on property information with market context.

This 5-unit apartment property comprises two buildings totaling over 4,000 SF. The unit mix includes five three-bedroom, one-bath apartments. Built in 1920, the property requires significant renovation and is being offered as-is without warranties or representations.

The property is located at 1059 SW 3rd St in Miami’s Little Havana area. Existing site information identifies property violations and notes that a 40-year certification is not in place. Interior features include electric service, while exterior information includes cable availability and composition construction.

Key Highlights

  • Five three‑bedroom, one‑bath apartment units
  • Two buildings totaling over 4,000 SF
  • Built in 1920

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Carpet & Flooring Store Acupuncture Pet Grooming Service Restaurant Butcher Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

3,773
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Two-building apartment property requiring substantial renovation and offered in its existing condition.
Where is this apartment building located?
The property is located at 1059 SW 3rd St Miami, FL.
What is the asking price?
The asking price for this property is $434,000.
What are key features of this property?
This property features: Five three‑bedroom, one‑bath apartment units; Two buildings totaling over 4,000 SF; Built in 1920
More about this property
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