251 NW 34th Ter, Miami, FL 33127
Local realty services provided by:First Service Realty ERA Powered
251 NW 34th Ter,Miami, FL 33127
$1,140,000
- - Beds
- - Baths
- 2,784 sq. ft.
- Multi-family
- Active
Listed by: sherry lebowitz
Office: lifestyle international realty305-809-8085
MLS#:A11925609
Source:SEFMLS
Price summary
- Price:$1,140,000
- Price per sq. ft.:$409.48
About this home
Exceptional opportunity to acquire an income-producing duplex in the heart of Wynwood with significant redevelopment potential. Currently fully rented, this property offers immediate cash flow while providing investors and developers the opportunity to capitalize on one of Miami’s fastest-growing neighborhoods. Zoned T4 with the NRD-2 Overlay, the property allows for the development of up to 18 residential units. The neighboring property at 241 NW 34th Terrace allows for up to 13 residential units, creating a unique assemblage opportunity with the potential for a larger-scale development project.
Added advantage: develop without on-site parking by contributing to the applicable parking fund, maximizing flexibility. Near Wynwood, Midtown, Design District, Downtown Miami, and major corridors, offering current income plus long-term upside.
Property Highlights: Short Sale Opportunity, Fully rented duplex with immediate income, T4 Zoning with NRD-2 Overlay, Development potential for up to 18 units, Adjacent to 241 NW 34th Terrace (up to 13 units), Potential assemblage opportunity, No on-site parking required (parking fund contribution applies), Prime Wynwood location, Minutes to Midtown, Design District, Downtown Miami & I-95, Ideal for investors and developers.
Buyer to independently verify zoning, density, development rights, assemblage potential, and parking requirements....
Contact an agent
Home facts
- Year built:1926
- Listing ID #:A11925609
- Updated:July 02, 2026 at 09:57 AM
Rooms and interior
- Flooring:Tile
- Living area:2,784 sq. ft.
Heating and cooling
- Cooling:Central Air
- Central air:Yes
Structure and exterior
- Roof:Flat
- Year built:1926
- Building area:2,784 sq. ft.
- Architectural Style:Fourplex
- Construction Materials:Block
- Levels:2 Story
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,140,000
- Price per sq. ft.:$409.48
- Tax amount:$15,524 (2023)
Parking
- Total parking spaces:4
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