1631 NW 3rd St, Miami FL 33125

Closed

$1,600,000

Est. Payment $8,516/mo

MLS Sheet Video

1925

Year Built

Stories

Days on Market

Description

8-unit multifamily in Little Havana, across from Marlins Stadium. All 1 bed/1 bath units, recently renovated, updated electrical, and 2020 roof. Parking for 10+ cars. Rented below market. Zoned T5-L on 7,500 SF lot—build up to 11 units by right / up to 25 with Live Local incentives. 6% in-place cap rate with pro forma potential near 8%. Seller financing available up to 60%. All info on MLS/Matrix for listing is deemed iccurate but not guaranteed and subject to errors, and changes without notice. If any item mentioned in this Matrix/MLS listing is deemed inaccurate, the seller and/or listing brokerage/listing agent and any and all affiliated offices of the listing brokerage are not liable for accuracy. All Realtors and Buyers must verify before submitting formal offers on said property.

Facts

MLS#: A11830222
Subdivision: —
Property Type: Commercial Sale
Property Sub Type: Income/MultiFamily
Year Built: 1925
Lot Size: 7,500 ft²
Sq. Ft.: —
Sq. Mt.: —
Price per sq. ft.: —
Price per sq. mt.: —
Stories: 2
Garage: —
Pool: —
Days on Market: 25 days
Listed: Jun 27, 2025
Last Updated: Oct 24, 2025
Price/Lot Sq.Ft.: $213/ft²

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Market insights for Miami

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

June 2026

100/100

Buyers marketSellers market

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

10/24/2025	Sold	$1,600,000
6/27/2025	Listed for sale	$1,600,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

1631 NW 3rd St, Miami FL 33125Directions

GreatSchools Summary Ratings

Public + private K-12 schools within 5 miles of this listing.

My First Place School
PK,KG · private · 0.1 mi
True North Classical Academy South
KG,1,2,3,4,5,6,7,8 · charter · 0.3 mi
Smart Starts at Dadeland
PK,TK,KG,1 · private · 0.3 mi
The French American School Of Miami
PK,KG,1,2,3,4,5 · private · 0.4 mi
Children's House Mont School
PK,KG,1,2,3,4,5,6 · private · 0.4 mi
Sunset After School Pgrm
PK,KG · private · 0.6 mi
The Carrie Brazer Center
PK,KG,1,2,3,4,7,9,10,11,12 · private · 0.6 mi
Kenwood K-8 Center
PK,KG,1,2,3,4,5,6,7,8 · public · 0.7 mi
Sunset Montessori School
PK,KG,1 · private · 0.7 mi
Fusion Academy Miami
6,7,8,9,10,11,12 · private · 0.7 mi

Estimated Monthly Payment

$9,999/mo

Principal & Interest

$8,516

Property Tax

$1,333

Insurance

$150

HOA

Down Payment20% ($320,000)

Interest Rate7.00%

Loan Term30 years

Property Tax Rate1.00% (FL avg ~1.0%)

HOA / Maintenance$0/mo

Insurance$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Sales Associate | Sunland Group

(954) 833-0020 info@rangelyadames.com

Hablo Español

The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.

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