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    542 SW 3Rd St Miami, FL 33130

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    For Sale
    $5,200,000

    2021-built 18-unit studio near Calle Ocho and Downtown.

    Lot size:
    0.17 Acres

    Property Features for 542 SW 3Rd St

    General Information

    Lot size
    0.17 Acres

    Building Details

    Year built
    2021

    Source: Fausto Commercial Realty Consultants Inc Agent Christopher Carbonell

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

    Overview

    Little Havana Studio Apartment Building

    This 2021-built apartment building, the first of its kind in Little Havana, features 18 studio apartments. The development took advantage of the City of Miami's mixed-income affordable housing program, which allowed the developer to double the number of units. The property offers accessibility to Jose Marti Park, a Publix supermarket within walking distance, and Calle Ocho. Its location provides close proximity to employment centers such as Downtown and the Health District, as well as nearby schools. This property may be suitable for investors looking to capitalize on growth in the area, offering potential as a cornerstone for a profitable portfolio due to the rising demand for quality housing.
    Location Intelligence

    Current Use by Public Records

    Casa lisbeth Apartment Building

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.20336
    Latitude
    25.770657

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    FAQs

    What type of property is this?
    Apartment building - 2021-built 18-unit studio near Calle Ocho and Downtown.
    Where is this apartment building located?
    The property is located at 542 SW 3Rd St Miami, FL.
    What is the asking price?
    The asking price for this property is $5,200,000.
    What are key features of this property?
    This property features: - New Construction (2021): Enjoy a modern building, minimizing maintenance costs.; - High Density: Benefit from 18 studio apartments, maximizing rental income potential.; - Affordable Housing Program: Leverages a City of Miami program.
    (305) 753-3295
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    542 SW 3Rd St Miami, FL 33130
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    Miami, FL 33130
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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
    542 SW 3Rd St Miami, FL 33130
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