Quadruplex

2036 NW 3rd St

2036 NW 3rd St, Miami FL 33125 Get directions

$1,200,000

For Sale New — 1 day on market

5,948 SqFt

See estimated monthly cost

This listing is courtesy of Coldwell Banker Realty. Monika Tefel

Overview

Prime 8 Unit Multifamily Investment Opportunity in the Heart of Miami! Discover this income producing property ideally located near Little Havana, Downtown Miami, Brickell and major expressways. This two story building features eight spacious 1 bedroom, 1 bathroom apartments with separate electric meters and 5,948 sq. ft. of building area. All units feature similar layouts and the property has been maintained with updates and repairs as needed. Highlights include a roof replaced in 2023 and City of Miami approved structural and electrical recertification reviews in 2025. Currently generating $115,200 in annual rental income, with approximately $72,200 in adjusted annual net operating income (NOI) based on estimated recurring expenses of $43,000. Excellent rental upside potential, with projected gross income of $144,000 annually if all eight units rent for $1,500 per month, subject to market conditions and existing month to month leases. This property offers investors immediate income, strong rental growth potential and a prime central Miami location. Don't miss this opportunity to own eight income producing units under one roof!

Facts & features

Interior

Living area (sq ft): 5,948

Building & exterior

Year built: 1925

Balcony

Taxes

Annual tax: $11,340
Tax year: 2025
Parcel number: 01-41-03-010-0130

Listing

MLS number: A12117165
Property type: Quadruplex
Price per SqFt: $202
Subdivision: NORRIS PARK
On market since: Nov 3, 2026
Days on market: 1

Estimated monthly cost

$7,913 per month

Down payment (%)

Interest rate (%)

Principal & interest (30 yr): $6,068
Property tax: $945
Insurance (estimated): $900

An estimate for comparison only — not a loan offer, a quote, or a commitment to lend. Actual taxes, insurance and financing terms will differ.

Location

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Nearby schools

Citrus Grove K-8 Center Public · 0 · 0.10 mi
Arcadia Learning Academy Private · PK-03 · 0.17 mi
Citrus Grove K-8 Center Public · PK-8 · 0.21 mi
Carousel Learning Academy Private · PK-02 · 0.22 mi
A & G Day Care Learning Center Private · PK-KG · 0.22 mi
International Bilingual Preschool Private · PK-02 · 0.22 mi
Watch Me Grow Learning Center I Private · PK-05 · 0.26 mi
Pineview Preschools Downtown Private · 0.28 mi
Carpe Diem Academy Little Havana Private · KG-12 · 0.30 mi
Miami Arts Montessori Academy Inc Private · KG-12 · 0.30 mi
Lincoln Marti Community Agency 22 Private · PK-03 · 0.40 mi
Former Region Office/Warehouse Public · 0 · 0.51 mi
Calvary Baptist Church School Private · PK-PK · 0.53 mi
La Progresiva Presbyterian School Private · PK-12 · 0.53 mi
Miami Senior Adult Education Public · 0 · 0.57 mi

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