Multifamily Income Property in
For Sale
Contact for pricing
Pending
1227 SW 3rd St, Miami, FL 33135
Five income-producing units include a 3-bedroom house, two 2-bed units, and two studios on a 7,500 sf lot.
Property SizeContact for details
Days on Market142
Property Features for 1227 SW 3rd St
General Information
Standard status
Pending
Property subtype
Special Purpose
Listing Agency:
Fausto Commercial Realty Consultants
(305) 340-8901
Listed By:
Mauricio Villasuso · License #3254982
Source:
Crexi
Added: Apr 11
Changed: Aug 27
Last Checked: Aug 29 at 4:19AM
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 Fausto Commercial Realty Consultants
Investment Insights
Based on property information with market context.
This multifamily property is configured as five income-producing apartment units on a 7,500 sf site. The layout includes a main house with three bedrooms and one bathroom, two additional 2-bedroom/1-bath units, and two studio units. The property is presented as a covered land play with T5-L zoning.
According to the provided remarks, T5-L zoning and recently passed Live-Local legislation may support increased height and unit counts if certain conditions are pursued, including reserving 40% of new units to 120% AMI. The remarks also note that height could be raised to over 20 stories and that a range of mixed uses may be possible, including retail, residential, hospitality, and office.
At 1227 SW 3rd St in Miami, the existing unit mix is diversified across one 3-bedroom, two 2-bedroom units, and two studios.
According to the provided remarks, T5-L zoning and recently passed Live-Local legislation may support increased height and unit counts if certain conditions are pursued, including reserving 40% of new units to 120% AMI. The remarks also note that height could be raised to over 20 stories and that a range of mixed uses may be possible, including retail, residential, hospitality, and office.
At 1227 SW 3rd St in Miami, the existing unit mix is diversified across one 3-bedroom, two 2-bedroom units, and two studios.
Key Highlights
- 5 income‑producing apartment units on a 7,500 SF lot
- Unit mix includes one 3‑bedroom, 1‑bath main house; two 2‑bedroom, 1‑bath units; and two studios
- T5‑L zoning on the 7,500 SF site
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,838
Businesses Nearby
Explore this area
Business Placement
Demographics for 33135, FL
36,232
Population
15,922
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
70%
High-School Grad
2.1 sq mi
ZIP Area
17,253
Density / Sq Mi
$37,757
Median Household Income
$28,850
Median Earnings
$1,315
Median Rent
$396,700
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?
Apartment building - Five income-producing units include a 3-bedroom house, two 2-bed units, and two studios on a 7,500 sf lot.
Where is this apartment building located?
The property is located at 1227 SW 3rd St Miami, FL.
What are key features of this property?
This property features: 5 income‑producing apartment units on a 7,500 SF lot; Unit mix includes one 3‑bedroom, 1‑bath main house; two 2‑bedroom, 1‑bath units; and two studios; T5‑L zoning on the 7,500 SF site
