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Multifamily Property in Little Havana
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1320 SW 3rd St, Miami, FL 33135

Five-unit multifamily property in vibrant Little Havana, Miami.

Property SizeContact for details
Lot Size0.17 Acres
Days on Market187

Property Features for 1320 SW 3rd St

General Information

Standard status Active
Lot size 0.17 Acres
Property subtype Multifamily
Zoning T4-L
Occupancy 100%
Net Operating Income $97,599

Building Details

Year Built 1977
Buildings 1
Stories 2
Units 5
Listing Agency: Eleven Trust Real Estate Services
Listed By: Rafael Fermoselle · License #FL 3233005
Source: Crexi
Added: Feb 26 Changed: Aug 26 Last Checked: Aug 31 at 3:43PM

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 Eleven Trust Real Estate Services

Investment Insights

Based on property information with market context.

Located in Little Havana, Miami, this multifamily property at 1320 Southwest 3rd Street offers an investment opportunity. The property, named Paradise on 3rd, is a five-unit building situated on a 7,500 sq. ft. lot zoned T4-L. Constructed in 1977, the two-story building includes a mix of apartments: three units with two bedrooms and one bathroom, and two units with three bedrooms and two bathrooms. The units feature spacious living areas, tile flooring, and natural light. On-site parking and laundry facilities are available. The location provides proximity to Downtown Miami and its developments.

Key Highlights

  • Prime location in Little Havana, a vibrant and culturally rich area of Miami.
  • Multifamily property featuring five units: (3) 2‑bed/1‑bath and (2) 3‑bed/2‑bath apartments.
  • Zoned T4‑L, offering investment potential.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Butcher Carpet & Flooring Store Pet Grooming Service Restaurant (Bike/Boat/Book/etc) Store Buffet

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

Location Intelligence

Trade Area within ½ mile

3,125
Businesses Nearby

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

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 - Five-unit multifamily property in vibrant Little Havana, Miami.
Where is this apartment building located?
The property is located at 1320 SW 3rd St Miami, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Prime location in Little Havana, a vibrant and culturally rich area of Miami.; Multifamily property featuring five units: (3) 2‑bed/1‑bath and (2) 3‑bed/2‑bath apartments.; Zoned T4‑L, offering investment potential.
(305) 299-4124 Call to check price and availability
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