Value-add “compound” opportunity featuring a unique 6-unit residential property on an expansive 10,400 Sq. Ft. lot. This property offers a versatile unit mix consisting of a standalone 3-bedroom, 2-bathroom single-family home (built 1948) and a separate two story 5-unit apartment building (built 1963) featuring all 1-bedroom, 1-bathroom layouts. All structures feature solid CBS construction and “great bones,” providing the perfect canvas for an investor to renovate and capture massive rental upside.
Current Gross income $97,045
Current NOI $66,255
Strategically located in a high-demand growth pocket, the property is just blocks from the Magic City Casino and the future Miami Freedom Park (Inter Miami Stadium). With immediate access to the 836 Expressway, residents are minutes from Miami International Airport, the Health District, and Downtown Miami. Currently operating with below-market rents, this asset is a prime candidate for a repositioning strategy to maximize yield in one of Miami’s most exciting emerging corridors.
Do not disturb tenants
Current Gross income $97,045
Current NOI $66,255
Strategically located in a high-demand growth pocket, the property is just blocks from the Magic City Casino and the future Miami Freedom Park (Inter Miami Stadium). With immediate access to the 836 Expressway, residents are minutes from Miami International Airport, the Health District, and Downtown Miami. Currently operating with below-market rents, this asset is a prime candidate for a repositioning strategy to maximize yield in one of Miami’s most exciting emerging corridors.
Do not disturb tenants
Property Details
Price:
$1,700,000
MLS #:
A11988951
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
12TH ST MANORS
Neighborhood:
12thstmanors
Listed Date:
Mar 20, 2026
Finished Sq Ft:
5,334
Total Sq Ft:
5,334
Year Built:
1963
See this Listing
Schools
Interior
Cooling
Central Air
Flooring
Terrazzo, Tile
Heating
Central
Exterior
Architectural Style
Detached
Construction Materials
Concrete Block Construction
Lot Features
Less Than 1/4 Acre Lot
Parking Spots
7
Parking Total
7
Roof
Shingle
Stories
2
Financial
Tax Year
2025
Taxes
$16,038
Map
Community
- Address605 NW 34th Ave Miami FL
- Subdivision12TH ST MANORS
- CityMiami
- CountyMiami-Dade County
- Zip Code33125
Market Summary
Current real estate data for Multi Family in Miami as of Apr 12, 2026
495
Multi Family Listed
146
Avg DOM
476
Avg $ / SqFt
$1,137,721
Avg List Price
Property Summary
- Located in the 12TH ST MANORS subdivision, 605 NW 34th Ave Miami FL is a Multi Family for sale in Miami, FL, 33125. It is listed for $1,700,000
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