$1,350,000
Income/MultiFamily in Miami
Income/MultiFamily · Lot 6,534 sq ft · Built 1937 · Active
MLS# A12077917 · Listing courtesy of Real Estate Sales Force
Facts
- Type
- Income/MultiFamily
- Lot
- 6,534 sq ft
- Year built
- 1937
- Stories
- 2
- Zoning
- 3900
- Taxes
- $12,053
- Listed
- Aug 25, 2026
About this property
5-unit multifamily investment in Miami's Allapattah neighborhood offering in-place income, immediate lease-up upside, and longer-term redevelopment optionality. Four 2BR/1BA units plus a legal detached 2BR/2BA, five separate electric meters, and one vacant unit. Historical T-12: NOI, representing a 6.76% cap at the $1.35M asking price. Approx. 6,534 SF site currently zoned T4-R. Adjacent lot is T5-L, providing a relevant nearby zoning precedent for buyers evaluating future rezoning, mixed-use, workforce housing or Live Local strategies. Near Wynwood, Miami Health District, Downtown, SR-836, I-95, and MIA. Redevelopment potential is subject to independent verification and City approvals.
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Listing data last updated 10/25/2026, 8:00:57 AM ET.