Fully Renovated
For Sale
$1,449,000
529 SW 3rd St, Miami, FL 33130
Fully renovated fourplex currently operating as a legal triplex and zoned for multifamily use.
Property Size2,730 SF
Price / SF$530.77
Days on Market276
Property Features for 529 SW 3rd St
General Information
Standard status
Active
Size
2,730 SF
Property subtype
Triplex
Site & Location
Neighborhood
Lummus Park
Taxes and HOA fees
Annual Taxes
$15,846
Building Details
Building Size
2,730 SF
Year Built
1910
Listing Agency:
LPT Realty, LLC
Listed By:
Monica Malpica · License #3282829
(407) 968-3856
Source:
Casacollectiongroup
Added: Jan 25
Changed: Oct 25
Last Checked: Oct 28 at 2:02PM
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, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$54,752
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,095,040
$1.1M
Cap Rate 7%
$782,171
$782.2K
Cap Rate 9%
$608,356
$608.4K
Market Conditions
NOI Build-Up for 2,730 SF
Gross rent
$83.5K $30.60/SF
− Vacancy
−$5.3K −$1.95/SF
EGI
$78.2K $28.65/SF
− OpEx
−$23.5K −$8.60/SF
NOI
$54.8K $20.06/SF
Area
Miami, FL
Vacancy
6.37%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,095,040
Cap Rate 7%
$782,171
Cap Rate 9%
$608,356
Alternative Uses
Best Use
Multifamily LT 5
$782.2K
$684.4K – $912.5K
NOI $54,752 @ 7.0% cap · market cap 3.78%
Second Best
Apartment 5plus
$720.5K
$630.4K – $840.5K
NOI $50,432 @ 7.0% cap · market cap 3.48%
Theoretical Best
Specialty Retail
$1.84M
$1.61M – $2.15M
NOI $128,994 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
9,064
Businesses Nearby
Explore this area
Business Placement
Demographics for 33130, FL
35,609
Population
20,377
Households
1.7
Avg Household Size
36
Median Age
42%
College-Educated
81%
High-School Grad
1.1 sq mi
ZIP Area
32,372
Density / Sq Mi
$57,933
Median Household Income
$36,888
Median Earnings
$1,656
Median Rent
$479,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
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 $1,449,000.
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
