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  • Type
  • Quadruplex
  • 2983 Sq Ft
  • Area Size
Active Residential Income Active
118 NW 24th St, Miami FL 33127 | Miami-Dade County | A11977900
  • $3,350,000

Description

Multifamily Investment (8/8 Studios in WYNWOOD – FOR SALE) •Zoning: T5-O/NRD-1 • Lot Size 7,500SF •Covered Land Play property; Owner would receive income while working on development plans • Great opportunity for owner user or developer with all tenant leases up-to-date • Current income: Approx. $12,400/Month • Property includes 8 street parking spaces (City Decal) • New roof installed in ’16 • WiFi network for all tenants • Central washer and dryer • Minutes to Miami Design District, Midtown, Allapattah, Miami beach, Downtown Miami and more

Property Overview

This quadruplex, built in 1927, is offered at $3,425,000. The property contains a total of 2,983 square feet of living area across eight studio units, generating current monthly income of approximately $12,400. All tenant leases are up-to-date, and the property benefits from a new roof installed in 2016. The lot spans 7,500 square feet and is zoned T5-O/NRD-1, presenting a covered land play. This allows an owner to receive income while working on future development plans. The property includes eight street parking spaces with a city decal and provides central laundry and a shared WiFi network for tenants. Located at 118 NW 24th St in Miami's Wynwood neighborhood, it is minutes from the Miami Design District, Midtown, Allapattah, Miami Beach, and Downtown Miami.

Frequently Asked Questions

What is the current rental income for this property?

The property generates approximately $12,400 per month in rental income from its eight studio units.

What are the zoning and development potential?

The zoning is T5-O/NRD-1. The listing describes it as a 'Covered Land Play property,' meaning an owner could receive rental income while working on future development plans for the 7,500 square foot lot.

What are the parking arrangements?

The property includes 8 street parking spaces that require a City of Miami parking decal.

What recent updates or features should I know about?

A new roof was installed in 2016. The property provides a shared WiFi network for all tenants and has central washer and dryer facilities.

What is the property's location like?

It is located at 118 NW 24th St in the Wynwood area of Miami. It is minutes from the Miami Design District, Midtown, Allapattah, Miami Beach, and Downtown Miami.

What is the status of the current tenants?

According to the public description, all tenant leases are up-to-date.

Have a question about this Miami listing?

Talk directly with Christopher Lazaro, your Miami real estate advisor. No pressure — real answers.

This listing is courtesy of IRG.

Listing data courtesy of MIAMI Association of REALTORS (RAPB/GFLR) via Bridge Interactive. Copyright SEFMLS © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited, is a violation of the terms of use, and may violate federal and state law.

Address

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  • Address: 24th St
  • City: Miami
  • State/county: Miami-Dade County
  • Zip/Postal Code: 33127
  • Area: MARKS SUB

Details

Updated on October 16, 2026 at 10:37 am
  • Property ID A11977900
  • Price $3,350,000
  • Property Size 2983 Sq Ft
  • Year Built 1927
  • Type Quadruplex
  • Property Status Active, Residential Income

Additional details

  • Cooling Wall/Window Unit(s)
  • Heating None
  • Tax Year 2025
  • Flooring Concrete
  • Building MARKS SUB
  • Listing Terms All Cash, Conventional
  • Area Marks Sub
  • Total Stories 1
  • Waterfront No
  • Association No
  • Style Fourplex
  • Private Pool No
  • Structure Type Quadruplex, Fourplex
  • Subdivision MARKS SUB
  • Annual Tax 56717
  • Year Built Details Effective Year Built
  • Building Area 2983
  • Lot Size (Sq Ft) 0
  • Flood Zone X
  • New Construction No
  • Construction Concrete Block Construction
  • Association Type None

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