Description

Prime development opportunity in the heart of Little Havana, offering both immediate rental income and long-term growth potential. Zoned T6-8-R on a 5,000 SF lot, this two-story multifamily property provides a strong foundation for future construction in one of Miami’s fastest-evolving neighborhoods. The existing building includes four spacious 2BR/1BA units with terrazzo or tile flooring, separate electric meters, washer/dryer hookups, and dedicated parking. The 50-year recertification was completed in 2023, adding an extra layer of confidence for investors. All units are currently occupied, allowing buyers to generate income while preparing for permitting and redevelopment. Centrally located with quick access to Brickell, downtown Miami, Coconut Grove, and the Beaches, this property combines present-day stability with outstanding land value.

Address

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Address: 7th Ave
City: Miami
State/county: Miami-Dade County
Zip/Postal Code: 33128
Area: CITY OF MIAMI SOUTH

Details

Updated on April 30, 2026 at 3:11 am

Property ID A11886910
Price $1,430,000
Type Residential
Property Status Land/Boat Docks

Additional details

BuildingAreaUnits Square Feet
BuildingName CITY OF MIAMI SOUTH
ContractStatusChangeDate 2025-09-30
CurrentUse Multi-Family, Other Usage
DaysOnMarket 211
DevelopmentStatus Recorded Plat
DirectionFaces East
DocumentsAvailable Aerial Photo
DocumentsCount 1
ExpirationDate 2026-05-27
Fencing Fenced
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 305-213-6255
ListingTerms All Cash, Conventional
LotFeatures City Location, Fenced, Other
LotSizeSquareFeet 5000
MLSAreaMajor City Of Miami South
MajorChangeTimestamp March 26, 2026 at 07:49pm
MajorChangeType Price Decrease
MlsStatus Active
ModificationTimestamp April 29, 2026 at 02:01pm
OnMarketDate 2025-09-30
OriginalEntryTimestamp September 30, 2025 at 12:32pm
OriginalListPrice 1599000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
OtherStructures Livable
ParcelNumber 01-02-00-030-1230
PhotosChangeTimestamp September 30, 2025 at 12:35pm
PhotosCount 22
Possession Funding
PostalCode 33128
PostalCodePlus4 1559
PreviousListPrice 1460000
PriceChangeTimestamp March 26, 2026 at 07:49pm
PublicSurveyRange 2
PublicSurveySection 0
PublicSurveyTownship 2
RoadFrontageType Paved Road
RoadSurfaceType Paved Road, Paved
Sewer Public Sewer
ShowingContactType Agent
ShowingInstructions Call Listing Agent
SourceSystemKey 421180517
StateOrProvince FL
StatusChangeTimestamp September 30, 2025 at 12:32pm
StreetDirPrefix NW
StreetName 7th Ave
StreetNumber 212
StreetNumberNumeric 212
StructureType Residential
SyndicationRemarks Prime development opportunity in the heart of Little Havana, offering both immediate rental income and long-term growth potential. Zoned T6-8-R on a 5, 000 SF lot, this two-story multifamily property provides a strong foundation for future construction in one of Miami’s fastest-evolving neighborhoods. The existing building includes four spacious 2BR/1BA units with terrazzo or tile flooring, separate electric meters, washer/dryer hookups, and dedicated parking. The 50-year recertification was completed in 2023, adding an extra layer of confidence for investors. All units are currently occupied, allowing buyers to generate income while preparing for permitting and redevelopment. Centrally located with quick access to Brickell, downtown Miami, Coconut Grove, and the Beaches, this property combines present-day stability with outstanding land value.
TaxAnnualAmount 16347
TaxLegalDescription CITY OF MIAMI SOUTH PB B-41 N50FT OF S100FT LOTS 19-20 BLK 3 OR 12636-587 0985 1
TaxYear 2024
Utilities Sewer Connected, Water Connected, Electricity Available, Phone Available, Sewer Available, Water Available
Vegetation No Trees
WaterSource Municipal Water
Zoning 4601