Prime income-producing development site minutes from the Design District, Wynwood, Midtown, Downtown, and Brickell. 7,250 sqft T5-L zoned lot allowing up to 25 residential units plus retail or mixed-use development with no parking required under current Miami 21 zoning. Developers can build up to 5 stories with minimal setbacks, maximizing the site’s full potential. Existing duplex (4 bed / 2 bath / 2,322 sqft) can generate income while plans and permits are prepared — ideal for investors seeking both immediate cash flow and long-term appreciation. The neighborhood is rapidly transforming, with brand-new luxury apartment projects on nearly every corner, making this a rare opportunity in one of Miami’s most desirable growth corridors.
Property Details
Price:
$1,550,000
MLS #:
A11906825
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Duplex
Subdivision:
NORTHERN BLVD TRACK
Neighborhood:
northernblvdtrack
Listed Date:
Nov 6, 2025
Finished Sq Ft:
1,542
Total Sq Ft:
2,322
Year Built:
1948
See this Listing
Schools
Interior
Cooling
Ceiling Fan(s), Central Air, Electric
Flooring
Tile
Heating
Central, Electric
Exterior
Architectural Style
Other
Construction Materials
Concrete Block Construction
Parking Spots
3
Roof
Curved/S-Tile Roof
Financial
Tax Year
2025
Taxes
$8,123
Map
Community
- Address3421 NW 5th Ave Miami FL
- SubdivisionNORTHERN BLVD TRACK
- CityMiami
- CountyMiami-Dade County
- Zip Code33127
Market Summary
Current real estate data for Multi Family in Miami as of Jan 16, 2026
466
Multi Family Listed
148
Avg DOM
479
Avg $ / SqFt
$1,210,901
Avg List Price
Property Summary
- Located in the NORTHERN BLVD TRACK subdivision, 3421 NW 5th Ave Miami FL is a Multi Family for sale in Miami, FL, 33127. It is listed for $1,550,000
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