542, Southwest 3rd Street, Miami, United States
Miami-Dade County, FL 33130
$5,200,000
- Multi-family
- 9,408 SF building
- 7,500 SF lot
- $553/SF
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.
Our estimate
Location
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