Miami · Multifamily · For Sale
1132 NW 3rd Street
Miami, FL 33128
The Property
A fully renovated eight-unit multifamily building on NW 3rd Street, just south of Wynwood, held at 100% occupancy with income in place from day one. The unit mix is seven one-bedroom, one-bath apartments of roughly 736 square feet each, plus a single two-bedroom, one-bath — the configuration that rents fastest to Miami’s workforce and young professional tenant base.
The building was constructed in 1925 and taken back to the studs in 2022. Updated kitchens with quartz counters and stainless appliances, renovated bathrooms, individual mini-split HVAC per unit, and concrete block and stucco construction throughout. The 40-year recertification is complete and there is no deferred maintenance. On-site laundry contributes additional income.
The site sits on a 0.17-acre lot zoned T4-R, minutes from Downtown Miami, Wynwood, Brickell, the Miami River District and the Jackson Memorial employment centre. It is urban infill in one of the city’s most consistently tenanted rental corridors.
Offered at $2,250,000, which is $281,250 per unit and $413 per square foot across 5,445 square feet of building area.
Unit Mix
| Type | Units | Approx. SF |
|---|---|---|
| 1 bed / 1 bath | 7 | 736 |
| 2 bed / 1 bath | 1 | — |
| Total | 8 | 5,445 building |
Gallery
