3181 NW 5th Ave, Miami FL 33127 | Miami-Dade County | A11899888
  • $1,199,000

Description

Prime Wynwood Investment Opportunity!
Excellent return! 95,506 net short term rental income for 2025. Discover this versatile 3 unit multifamily property located just steps from Miami’s vibrant Wynwood Arts District, home to world renowned events like Art Basel and iii Points. The property features a well balanced mix of 3 units: a 2 bedroom/1 bath, a 1 bedroom/1 bath, and a studio, offering multiple income streams under one roof. With its proximity to Wynwood’s art galleries, restaurants, and nightlife, this property is a dream for short-term rental investors seeking strong returns in one of Miami’s most desirable tourist destinations. Zoned for flexibility and located in a high demand area, this is your chance to own an income generating gem in the heart of Miami’s creative hub.

Property Overview

This triplex at 3181 NW 5th Ave in Miami is a prime investment opportunity in one of the city’s most dynamic areas. The property consists of three distinct units: a 2-bedroom/1-bathroom unit, a 1-bedroom/1-bathroom unit, and a studio. With a total living area of 1,378 square feet, each unit is designed to appeal to a range of tenants, especially in the short-term rental market, where this property generated $95,506 in income in 2025. Built in 1957, the building is part of the Northern Blvd TR neighborhood and sits in the heart of the Wynwood Arts District. This location puts tenants within walking distance of galleries, restaurants, and major cultural events like Art Basel and iii Points. The area is known for its creative energy and high foot traffic, making it a desirable spot for both long-term and short-term rental activity. Priced at $1,199,000, this multifamily property offers a well-balanced income-generating opportunity in a high-demand area. Zoned for flexible use and located in a bustling part of Miami, the property is well-suited for investors looking to build or diversify their real estate portfolio. For more information or a showing, reach out directly at 305-859-4733.

Frequently Asked Questions

How many units does this property have?

This property is a triplex with three units.

What are the unit sizes in the triplex?

The units include a 2 bedroom/1 bath, a 1 bedroom/1 bath, and a studio.

Where is the property located?

It is located at 3181 NW 5th Ave, Miami, FL 33127, in the Wynwood Arts District.

What was the net income from short-term rentals in 2025?

The property generated $95,506 in net short-term rental income for 2025.

What is the total living area of the property?

The total living area is 1,378 square feet.

What is the sale price of the property?

The asking price is $1,199,000.

Have a question about this Miami listing?

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

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

Details

Updated on July 7, 2026 at 2:50 am
  • Property ID A11899888
  • Price $1,199,000
  • Property Size 1378 Sq Ft
  • Year Built 1957
  • Type Triplex
  • Property Status Active, Residential Income

Additional details

  • Flooring Tile
  • Cooling Central Air, Electric
  • Association Type None
  • Building NORTHERN BLVD TR
  • Area Northern Blvd Tr
  • Annual Tax 13377
  • Association No
  • Private Pool No
  • Listing Terms All Cash, Conventional
  • Waterfront No
  • Subdivision NORTHERN BLVD TR
  • Total Stories 1
  • Heating Central, Electric
  • Structure Type Triplex
  • Tax Year 2024
  • Construction Concrete Block Construction, CBS Construction
  • Building Area 1526
  • Year Built Details Resale
  • Flood Zone AH,X
  • New Construction No
  • Style Triplex
  • Lot Size (Sq Ft) 0

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