Home » Properties » 1701 SW 3rd St, Miami FL 33135

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14-Unit Income Property at 1701 SW 3rd St, Miami

This 14-unit multifamily property in Miami offers flexibility in a rapidly evolving area near key neighborhoods and transportation hubs.

$4,350,000

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MLS #A11841804

Listing Updated: 2026-07-14 00:39:47

Listed By: BHHS EWM Realty

Overview

Located at 1701 SW 3rd St in Miami, this 14-unit multifamily property comprises thirteen 2-bedroom, 1-bath apartments and one 1-bedroom unit. Built in 1968, it sits in a dynamic area with mixed-use zoning, allowing for residential, multifamily, and commercial opportunities. The property benefits from proximity to the Miami River, Downtown Miami, Brickell, Calle 8, the Medical Health District, Miami International Airport, Coral Gables, and Coconut Grove. This prime location offers excellent connectivity and potential for investors or developers seeking flexibility in use. A 29,250 sqft lot is also available to the north of the property, enhancing future possibilities.

Property Highlights

14-unit multifamily property with mixed-use zoning; close to Downtown, Brickell, Miami River; includes 13 two-bedroom and 1 one-bedroom apartments; built in 1968; 29,250 sqft adjacent lot available.

Property Details

City: Miami

State: FL

Zip Code: 33135

Address: 1701 SW 3rd St, Miami FL 33135

Year Built: 1968

Property Type: Commercial Sale

Property Sub Type: Income/MultiFamily

Listing Office Name: BHHS EWM Realty

County: Miami-Dade County

Garage Spaces:

Parking Features: Assigned, On Street

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $0

Days On Market: 341 Days

Original Listing Description

This 14-unit made up of 13 2/1's and one 1bedroom apartment building sits in a dynamic and rapidly evolving area of Miami. Positioned in a zone with mixed-use potential—residential, multifamily, and commercial—the property offers excellent flexibility for investors and developers alike. Just minutes from the Miami River, Downtown, Brickell, Calle 8, the Medical Health District, Miami International Airport, Coral Gables, and Coconut Grove, this prime location is at the heart of Miami’s most vibrant and connected neighborhoods. There is a 29,250sqft lot available to the North of this property. Please do not disturb tenants.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

1701 SW 3rd St, Miami FL 33135

About This Neighborhood

Situated in a vibrant and rapidly changing area of Miami, this property benefits from close access to several key neighborhoods including Downtown Miami, Brickell, Coral Gables, and Coconut Grove. The surrounding community offers a mix of residential, commercial, and cultural amenities, contributing to a dynamic urban environment. The nearby Miami River and Calle 8 add cultural and recreational value, making the neighborhood attractive for residents and businesses alike.

Walkability & Lifestyle

This property is located in a walkable urban area with easy access to restaurants, shops, and entertainment venues. Residents can enjoy proximity to the Miami River waterfront, parks, and cultural districts such as Calle 8. The neighborhood supports a lifestyle where daily errands and leisure activities can often be accomplished on foot or via short transit rides, enhancing convenience and quality of life.

Things To Do Nearby

Nearby attractions include vibrant dining scenes, nightlife, and cultural events in Downtown Miami and Brickell. Outdoor enthusiasts can explore waterfront parks, marinas, and recreational areas along the Miami River. The proximity to Coral Gables and Coconut Grove offers additional options for golf, boating, shopping, and arts experiences. This location provides a balanced mix of urban excitement and outdoor activities.

Nearby Schools

The area surrounding 1701 SW 3rd St offers access to a variety of educational institutions ranging from public schools to specialized programs. Families residing in this part of Miami benefit from convenient school options within reasonable commuting distances. The neighborhood’s urban setting also provides access to extracurricular and cultural learning opportunities, supporting a well-rounded educational environment.

Why Buyers Like This Area

Buyers appreciate this property for its strategic location at the intersection of several Miami neighborhoods, offering excellent connectivity and lifestyle options. The mixed-use zoning provides versatility for various development or investment strategies. The area’s ongoing growth and proximity to key business districts make it attractive for those seeking multifamily properties with long-term potential. The combination of urban amenities and cultural vibrancy appeals to a broad demographic.

Investment Potential

This 14-unit multifamily property presents a flexible investment opportunity in Miami’s evolving real estate market. Its mixed-use zoning allows for residential, commercial, or multifamily development, appealing to a variety of investors and developers. The location near major business districts and transportation hubs enhances its potential for tenant demand and future redevelopment. Proximity to Downtown Miami, Brickell, and Miami International Airport supports steady interest from renters and buyers seeking convenience and connectivity.

Market Trends

Miami’s multifamily market continues to attract attention due to strong demand and limited inventory in key urban areas. Properties with mixed-use zoning, like this one, offer flexibility that appeals to a broad range of buyers and developers. The area surrounding 1701 SW 3rd St is experiencing ongoing development and revitalization, supporting long-term interest in multifamily and commercial real estate. Buyers can expect a competitive market with opportunities for strategic acquisitions.

Rental Income Potential

The property's location near Downtown Miami, Brickell, and major employment centers supports strong rental demand. Multifamily units with two bedrooms are particularly appealing to a wide tenant base, including professionals and small families. Seasonal demand and the area's connectivity to transportation and amenities contribute to consistent tenant interest. While rental income varies with market conditions, the property's flexibility and location enhance its appeal for potential landlords.