For Sale

542, Southwest 3rd Street, Miami, United States

Miami-Dade County, FL 33130

$5,200,000

Highlights

  • 9,408 SF building on a 7,500 SF lot
  • 18 units
  • Asking $553/SF

Property facts

Price
$5,200,000
Price per SF
$553/SF
Property type
Multi-family
Building size
9,408 SF
Lot size
7,500 SF
Units
18

About this property

This 2021-built 18-unit multifamily in Little Havana is a first-of-its-kind project developed under Miami’s mixed-income affordable housing program, which allowed a unit count increase on a T4-R lot. The property offers a mix of studios and one-bedroom units with affordability set-asides (30% and 50% AMI) and features six two-bedroom units that were later split into studios alongside six original studios. Located steps from Jose Marti Park, Publix, and Calle Ocho, and with excellent proximity to Downtown, the Health District, and schools, the building provides strong tenant appeal and accessibility. Positioned within one of Miami’s fastest-growing and culturally vibrant neighborhoods, the property represents both stable rental demand and significant long-term investment potential, making it a rare opportunity to secure income and appreciation in a thriving community.

From the listing broker.

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Location

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