8-Unit Apartment
New
For Sale
$2,400,000
964 SW 3rd St, Miami, FL 33130
T4-R zoning and individually metered electric service paid directly by residents shape the property’s existing configuration.
Property Size15,000 SF
Lot Size0.34 Acres
Days on Market4
Property Features for 964 SW 3rd St
General Information
Standard status
Active
Size
15,000 SF
Lot size
0.34 Acres
Property subtype
Income/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
Building Details
Building Size
15,000 SF
Year Built
1925
Listing Agency:
Floridian First Realty Corp
Listed By:
Lais Same · License #3570917
(786) 280-8680
Source:
Miamibrokersgroup
Added: Sep 22
Changed: Sep 24
Last Checked: Sep 24 at 11:42AM
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 Miami multifamily property contains eight apartments across a 15,000-square-foot assemblage spanning two folios. Built in 1925, the site covers 0.344 acres and carries a T4-R zoning designation. Electric service is individually metered, with residents paying their own electric bills. The property has an in-place cap rate of 4.87%.
Located at 964 SW 3rd St in Miami’s urban core, the property combines existing apartment improvements with a substantial land area. Its zoning and site area are relevant to evaluating the property; any development or use plans should be checked with the applicable authorities.
Located at 964 SW 3rd St in Miami’s urban core, the property combines existing apartment improvements with a substantial land area. Its zoning and site area are relevant to evaluating the property; any development or use plans should be checked with the applicable authorities.
Key Highlights
- Eight apartments in a multifamily property
- 15,000‑square‑foot assemblage spanning two folios
- 0.344‑acre site with T4‑R zoning
Property Analytics
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
3,822
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
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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 - T4-R zoning and individually metered electric service paid directly by residents shape the property’s existing configuration.
Where is this apartment building located?
The property is located at 964 SW 3rd St 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 apartments in a multifamily property; 15,000‑square‑foot assemblage spanning two folios; 0.344‑acre site with T4‑R zoning
