2 buildings with large car port area in the middle for sale, total lot size over 15k sq ft, 13 units taking in $22k per month and can increase rents. Opportunity to build a new multi family, great covered land play earning income while planning and design.
Make a winning offer with the help of a local agent
Around this home
Schools
K - 12
Preschool & daycare
Riverside Elementary Community School
Public PreK-5 • Assigned • 0.1mi
4/10
Jose De Diego Middle School
Public 6-8 • Assigned • 2.5mi
4/10
Booker T. Washington Senior High School
Public 9-12 • Assigned • 1.3mi
3/10
Provided by GreatSchools
About Latin
Quarter
Latin Quarter, located between Brickell Avenue and Biscayne Bay, is a residential and cultural Miami neighborhood with mid-rise condos and waterfront promenades. The neighborhood’s character concentrates around the Brickell City Centre complex at S Miami Ave and SW 8th St, where sidewalk patios, galleries, and chef-driven dining keep the streetscape active. Community pillars include the Adrienne Arsht Center for the Performing Arts, Pérez Art Museum Miami, and HistoryMiami Museum. Architecture leans contemporary, with glass towers set against older low-rise blocks. Bayfront paths and pocket parks shape a walk-and-pause rhythm. Transit nodes and bike lanes tie daily errands to downtown blocks.
Provided by Walk Score and Local Logic
Market insights
1248-1258 SW 3rd St · $3,895,000
DAYS ON MARKET
21 days
The average home goes pending in 93 days.
SALE-TO-LIST
92.5%
Most homes are selling 8% below list price.
LIST PRICE
$3,895,000
Median list price in this area is $786,914. (80% lower than this home)
PRICE DROP
0 price drops
16% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Interior features
Unfurnished
Bedrooms
8 bedrooms
Bathrooms
6 full bathrooms
Flooring
Tile
Vinyl
Heating & cooling
Wall furnace
Wall/window unit cooling
Home design
Two stories
Parking
On-street parking
Construction
Brick and block construction
Barrel, flat, and tile roofs
Utilities
Cable available
Public sewer
Financial info
8 units
Actual rent: $17,000
Units are month-to-month
Rent includes trash collection and water
Electricity and solar
View estimated energy costs and solar savings for this home
The General Urban Zone consists of a Mixed-Use but primarily residential urban fabric with a range of Building types including rowhouses, small apartment Buildings, and bungalow courts. Setbacks are short with an urban Streetscape of wide Sidewalks and trees in planters. Thoroughfares typically define mediumsized blocks.
Permitted uses
Include but are not limited to:
Religious facility
Restaurant
Housing-Group
Housing-Single unit
Housing-Multiple units
Bed & breakfast
Mixed use
Office
Research & development
Recreation
Climate risks
3/10 Flood Factor
Estimated 10-16% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
10/10 Heat Factor
7 days above 103° expected this year, 30 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Miami, FL • 33135
Average low and high temperatures (°F)
75
60
78
64
81
67
82
73
87
77
89
79
90
80
91
79
88
77
85
76
81
70
78
67
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
86/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Miami. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
7.7 hrs
5.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1248-1258 SW 3rd St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $935,000 and $2,800,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $935K to $2.8M.