3421 NW 5th Ave, Miami, FL 33127

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3421 NW 5th Ave,Miami, FL 33127
$1,600,000
Virtual Tour
  • - Beds
  • - Baths
  • 1,542 sq. ft.
  • Multi-family
  • Active
Listed by: adrian redondo
Office: florida realty of miami corp
MLS#:A11906825
Source:SEFMLS

Price summary

  • Price:$1,600,000
  • Price per sq. ft.:$689.06

About this home

Prime income-producing development site minutes from the Design District, Wynwood, Midtown, Downtown, and Brickell. 7,250 sqft T5-L zoned lot allowing up to 25 residential units plus retail or mixed-use development with no parking required under current Miami 21 zoning. Developers can build up to 5 stories with minimal setbacks, maximizing the site’s full potential. Existing duplex (4 bed / 2 bath / 2,322 sqft) can generate income while plans and permits are prepared — ideal for investors seeking both immediate cash flow and long-term appreciation. The neighborhood is rapidly transforming, with brand-new luxury apartment projects on nearly every corner, making this a rare opportunity in one of Miami’s most desirable growth corridors.

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Home facts

  • Year built:1948
  • Listing ID #:A11906825
  • Updated:November 16, 2025 at 10:53 AM

Rooms and interior

  • Living area:1,542 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fans, Central Air, Electric
  • Heating:Central, Electric

Structure and exterior

  • Roof:Spanish Tile
  • Year built:1948
  • Building area:1,542 sq. ft.

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,600,000
  • Price per sq. ft.:$689.06
  • Tax amount:$8,123 (2025)
Information deemed reliable but not guaranteed. Information is provided, in part, by Greater Miami MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.

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