Fully Renovated
529 SW 3rd St Miami, FL 33130
For Sale
Contact for pricing
Fully renovated fourplex currently operating as a legal triplex and zoned for multifamily use.
Property Size2,973 SF
Price / SF$521.36
Days on Market179
Property Features for 529 SW 3rd St
General Information
- Standard status
- Active
- Size
- 2,973 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1910
Listing Agency:
LPT Realty
(407) 297-8500
Listed By:
Monica Malpica · License #3282829
Source:
Crexi
Added: Jan 26
Changed: Jul 22
Last Checked: Jul 23 at 2:20PM
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 LPT Realty
Investment Insights
Based on property information with market context.
This fully renovated fourplex is currently operating as a configuration that differs from its legal description; it is noted as a legal triplex working as a fourplex. The property is identified as zoned for multifamily use.
The address is 529 SW 3rd St in Miami, Florida, and the public remarks place the property only a few blocks away from Brickell. This combination of existing multifamily zoning and a turnkey, renovated interior may be appealing to buyers looking for straightforward income use as well as potential future repositioning.
The address is 529 SW 3rd St in Miami, Florida, and the public remarks place the property only a few blocks away from Brickell. This combination of existing multifamily zoning and a turnkey, renovated interior may be appealing to buyers looking for straightforward income use as well as potential future repositioning.
Key Highlights
- Fully renovated fourplex operating as a legal triplex (currently 3 units)
- Legal triplex currently working as a fourplex
- Zoned for multifamily use
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.0k | $30.60 |
| − Vacancy | −$5.8k | −$1.95 |
| EGI | $85.2k | $28.65 |
| − OpEx | −$25.6k | −$8.60 |
| NOI | $59.6k | $20.06 |
2,973 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$851.8K
$745.3K – $993.8K
NOI $59,625 @ 7.0% cap · market cap 3.85%
Second Best
Apartment 5plus
$784.6K
$686.5K – $915.4K
NOI $54,921 @ 7.0% cap · market cap 3.54%
Theoretical Best
Specialty Retail
$2.01M
$1.76M – $2.34M
NOI $140,476 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Fully renovated fourplex currently operating as a legal triplex and zoned for multifamily use.
Where is this quadplex located?
The property is located at 529 SW 3rd St Miami, FL.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Fully renovated fourplex operating as a legal triplex (currently 3 units) ; Legal triplex currently working as a fourplex; Zoned for multifamily use
