Description

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.

Address

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Address: 5th Ave
City: Miami
State/county: Miami-Dade County
Zip/Postal Code: 33127
Area: NORTHERN BLVD TRACK

Details

Updated on December 8, 2025 at 9:06 pm

Property ID A11906825
Price $1,550,000
Property Size 1542 Square Feet
Year Built 1948
Type Duplex
Property Status Residential Income

Additional details

ArchitecturalStyle Other
BuildingAreaTotal 2322
BuildingAreaUnits Square Feet
BuildingName NORTHERN BLVD TRACK
ConstructionMaterials Concrete Block Construction
ContractStatusChangeDate 2025-11-06
Cooling Ceiling Fan(s), Central Air, Electric
DaysOnMarket 32
DocumentsAvailable None
ExpirationDate 2026-02-06
Flooring Tile
Heating Central, Electric
InternetAddressDisplayYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 786-717-1323
ListingTerms All Cash, Conventional
LotFeatures Less Than 1/4 Acre Lot
LotSizeSquareFeet 0
MLSAreaMajor Northern Blvd Track
MajorChangeTimestamp December 8, 2025 at 06:54pm
MajorChangeType Price Decrease
MlsStatus Active
ModificationTimestamp December 8, 2025 at 06:54pm
NumberOfUnitsInCommunity 2
OnMarketDate 2025-11-06
OriginalEntryTimestamp November 6, 2025 at 03:40pm
OriginalListPrice 1600000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 01-31-25-024-0290
ParkingTotal 3
PhotosChangeTimestamp November 6, 2025 at 03:45pm
PhotosCount 12
Possession Funding
PostalCodePlus4 3411
PreviousListPrice 1600000
PriceChangeTimestamp December 8, 2025 at 06:54pm
PublicSurveyRange 31
PublicSurveySection 25
PublicSurveyTownship 31
RentIncludes Other Rent Incl
Roof Curved/S-Tile Roof
Sewer Public Sewer
ShowingContactType Agent
ShowingInstructions Call Listing Agent
SourceSystemKey 422662452
StateOrProvince FL
StatusChangeTimestamp November 6, 2025 at 03:40pm
Stories 1
StoriesTotal 1
StreetDirPrefix NW
StreetName 5th Ave
StreetNumber 3421
StreetNumberNumeric 3421
StructureType Duplex
SyndicationRemarks 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.
TaxAnnualAmount 8123
TaxLegalDescription NORTHERN BLVD TR PB 2-29 LOT 12 BLK 2 LOT SIZE 50.000 X 145 OR 15591-2221 0792 4
TaxYear 2025
YearBuiltDetails Effective Year Built
Zoning 6107