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    1533 SW 3Rd St Miami, FL 33135

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    For Sale
    $1,650,000

    Six units in Little Havana with income growth potential.

    Lot size:
    0.17 Acres

    Property Features for 1533 SW 3Rd St

    General Information

    Lot size
    0.17 Acres

    Building Details

    Year built
    1976

    Source: Mutual Capital Realty LLC Agent Norberto Nurquez

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Little Havana Multifamily Investment Opportunity

    Located in the Little Havana neighborhood of Miami, this multifamily property presents an investment opportunity. The building contains six units, including five 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit. The property has been owned and managed by the original builder family and has been well-maintained. Features include parking, central air conditioning, hurricane shutters and doors, and terrazzo floors. The property is currently fully occupied with tenants. Rents are currently below market value, offering the potential for a new owner to increase rental income. The seller may consider short-term, interest-only financing up to $500,000.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.220364
    Latitude
    25.770678

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    FAQs

    What type of property is this?
    Apartment building - Six units in Little Havana with income growth potential.
    Where is this apartment building located?
    The property is located at 1533 SW 3Rd St Miami, FL.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: - Significant potential to increase rental income by 30-40%; - Six-unit building featuring a mix of five 2/1 units and one 1/1 unit; - Located in the high-demand Little Havana market of Miami
    (786) 355-6087
    Request Owner's contact information
    1533 SW 3Rd St Miami, FL 33135
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1533 SW 3Rd St Miami, FL 33135
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