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.
Listed by Adrian Redondo
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License #3543715
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Florida Realty of Miami Corp
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786-717-1323
Last updated November 06, 2025
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Source: MIAMIRE #A11906825
Listing Facts
TypeMulti-family
NeighborhoodLittle San Juan
Days on Prevu13
Taxes$8,123/year
Size1,542 sqft
Price per sqft$1,038
Amenities
Pets Allowed
Air Conditioning
Parking
Location
Mortgage Calculator
Listing History
11/06/2025
Listed by Florida Realty of Miami Corp
$1,600,000
Property Details for 3421 NW 5th Ave
Association
General
Number Of Units In Community: 2
Exterior
Construction
Roof: Curved/S-Tile Roof
Stories: 1
Stories Total: 1
Structure Type: Duplex
Year Built: 1948
Year Built Details: Effective Year Built
Architectural Style: Other
Building Name: NORTHERN BLVD TRACK
Construction Materials: Concrete Block Construction
Measurements
Building Area Total: 2,322
Building Area Units: Square Feet
Lot Features: Less Than 1/4 Acre Lot
Lot Size Units: Square Feet
Financial
Taxes
Parcel Number: 01-31-25-024-0290
Tax Annual Amount: $8,123.00
Tax Year: 2025
Interior
Features
Flooring: Tile
Measurements
Living Area: 1,542
Living Area Units: Square Feet
Other
Location
Subdivision Name: NORTHERN BLVD TRACK
Parking
Parking
Parking Total: 3
Utilities
Equipment
Cooling: Ceiling Fan(s), Central Air, Electric
Has Cooling: Yes
Heating: Central, Electric
Has Heating: Yes
Sewer: Public Sewer
Based on information from Miami Association of REALTORS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.