8-Unit Apartment
New
For Sale
Contact for pricing
956 Southwest 3rd Street, Miami, FL 33130
Existing multifamily asset on a T4-R-zoned site with individually metered electric service.
Property SizeContact for details
Lot Size0.34 Acres
Days on Market6
Property Features for 956 Southwest 3rd Street
General Information
Standard status
Active
Lot size
0.34 Acres
Property subtype
Multifamily
Zoning
T4-R
Net Operating Income
$116,901
Financials
Asking Price
$2,400,000
Cap Rate
4.87%
Gross Income
$163,707
Additional Details
Multifamily Units
8
Listing Agency:
Floridian First Realty Corp
Listed By:
Lais Same · License #3570917
(786) 280-8680
Source:
Crexi
Added: Sep 15
Changed: Sep 18
Last Checked: Sep 20 at 8:29AM
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 Floridian First Realty Corp
Investment Insights
Based on property information with market context.
This multifamily property contains eight apartments across a 15,000-square-foot assemblage. The site measures 0.344 acres and consists of two folios, with electric service separately metered and paid directly by residents. The existing improvements provide an operating income component alongside the underlying land value.
Located in Miami’s urban core, the property carries a T4-R zoning designation. The combination of existing apartment improvements, site area, and zoning provides a basis for evaluating renovation, repositioning, or future redevelopment options, subject to confirmation of applicable density, permitted uses, and other requirements with the governing authorities.
Located in Miami’s urban core, the property carries a T4-R zoning designation. The combination of existing apartment improvements, site area, and zoning provides a basis for evaluating renovation, repositioning, or future redevelopment options, subject to confirmation of applicable density, permitted uses, and other requirements with the governing authorities.
Key Highlights
- Eight‑unit multifamily asset with existing apartment improvements
- 15,000‑square‑foot assemblage spanning two folios
- 0.344‑acre T4‑R‑zoned site
Property Analytics
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
3,822
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Existing multifamily asset on a T4-R-zoned site with individually metered electric service.
Where is this apartment building located?
The property is located at 956 Southwest 3rd Street Miami, FL.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Eight‑unit multifamily asset with existing apartment improvements; 15,000‑square‑foot assemblage spanning two folios; 0.344‑acre T4‑R‑zoned site
