244 NW 32nd St, Miami FL 33127 | Miami-Dade County | A12010516

This triplex at 244 NW 32nd St is part of the Wynwood Norte development area, a 24-unit by-right site with strong cash flow and potential for full redevelopment. The existing ±1,800 SF structure is currently generating $4,000 per month in income, with tenants covering utilities and maintenance, helping keep carrying costs low. The property is zoned T4-R within the NRD-2 overlay, allowing up to 150 units per acre by right, with no parking requirements and no variances needed—offering flexibility to pursue either multifamily or fee-simple townhomes. Located just west of Midtown Miami and the Design District, this home is in one of the most active development corridors in the city. With over 6,000 residential units and 2 million square feet of office space planned in the area, the location supports a strong investment profile. The site is near I-95, offering easy access to Wynwood, Edgewater, Downtown Miami, and Miami Beach. The existing structure is a 1937-built triplex, with a current price of $1,175,000. Our team has experience with multiple sites in the area and can help with design, underwriting, entitlements, and introductions to lenders and architects. This is a by-right opportunity with income in place, making it a straightforward entry into a high-growth neighborhood. For more information or to schedule a showing, call 305-859-4733.