Property 500 SW 3rd Street, Miami, FL 33130 for sale with MLS# A12088863

500 SW 3rd Street is a 20-unit apartment building in the heart of Little Havana, one of Miami-Dade's most active multifamily submarkets. The offering presents a rare dual-path opportunity: a stabilized, cash-flowing rental asset today, with a clear and increasingly favorable regulatory pathway to substantial density increases under Florida's Live Local Act. Investors can hold for in-place income, reposition unit-by-unit, or pursue a ground-up redevelopment that multiplies the site's buildable unit count well beyond what Miami 21 base zoning allows.

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500 SW 3rd Street, Miami, FL 33130

Price
Price:
$5,400,000.00
Original List Price:
$5,400,000.00
List Price per Sq Ft (Calculated, Approx.):
$523.05
Property Status and Type
Listing Type:
For Sale
Status:
Active
Listing Category:
Commercial Sale
Property Type:
Multi Family
Description of Last Important Update:
New Listing
Last Major Update on:
September 14, 2026 4:00 am
Measures
Built-Up Area:
10,324 Sqft
Lot Area:
15,000 Sqft
Lot Size Acres:
0.34
Construction
Year Built:
1960
Number of Units Total:
1
Flood Zone Code:
AE
Community
Senior Community:
No
Terms
Listing Terms Considered by Seller:
Cash, 1031 Exchange
Zoning and Legal
Tax Legal Description:
CITY OF MIAMI SOUTH PB B-41 LOTS 1 & 2 BLK 25 LOT SIZE 15000 SQ FT M/L OR 14122-689 0589 2 COC 21454-4867 04 2003 2
Real Estate Folio Number (Parcel Number):
0102020501020
Zoning:
3900
Listing History
Active on the market since:
September 14, 2026
Listing Agreement executed on:
September 14, 2026
Listing Status Last Changed On:
September 14, 2026 4:00 am
Photos updated on:
September 15, 2026 2:03 am
Last Modified:
October 31, 2026 3:48 am
Additional Information
Courtesy of:
J&Co. Commercial Real Estate, Inc.
Attribution:
Not provided
Location
Street Name:
3rd
Street Number:
500
City:
Miami
State:
Florida
Zip Code:
33130
County:
Miami-Dade
Latitude:
N25° 46' 14.4''
Longitude:
W81° 47' 49.8''
Street Suffix:
Street
Street Direction Prefix:
SW
Property Map

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Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $57,933
Median Home Value $479,800
Median Rent $1,656/mo
Median Age 37
Population 32,363
Ver la Propiedad Ver la propiedad 500 SW 3rd Street, Miami, FL 33130
Association of REALTORS®
Disclaimer: IDX listing information is presented by Rebonus Brokerage LLC for consumer informational purposes only. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by the MLS or the real estate broker. This page presents structured listing information sourced directly from the MLS via the RESO Web API feed. Rebonus prioritizes maximum field coverage and data completeness, displaying the most granular MLS-provided attributes available.