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241 NW 32nd St, Miami FL 33127

Multi-family For Sale
$990,000

BTC: 15.42305678

ETH: 561.56193631

New
0 room(s)
1,708 sqft

Overview

DEVELOPMENT OPPORTUNITY: Prime investment property in North Wynwood with T-4R zoning, offering flexible residential development potential, including multifamily, townhomes, and other urban residential concepts (buyers and buyer's Realtor must independently verify zoning, land use, and development regulations with the City of Miami). INVESTMENT POTENTIAL: Ideal for repositioning, redevelopment, or ground-up construction in one of Miami's fastest-growing urban markets, with strong long-term appreciation potential driven by ongoing neighborhood transformation and increasing institutional investment. LOCATION: Strategically positioned in a rapidly evolving area surrounded by new construction, mixed-use projects, and significant public and private investment, just minutes from Wynwood Walls, Midtown Miami, the Design District, and Downtown Miami. MARKET ADVANTAGE: Located in a high-demand, supply-constrained submarket where residential and rental demand continues to outpace available inventory, creating exceptional value through scarcity. ROI & GROWTH: A rare opportunity for developers and investors seeking strong upside potential, future growth, and long-term returns in one of Miami's most dynamic and rapidly expanding neighborhoods.** SEE BROKERS REMARK **

Location

Florida • Miami • 33127 • Multi-family • For Sale

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1955
Lot:
No Data
Heating:
Other
Price/sqft:
$580
Cooling:
Ceiling Fan(s) / Wall/Window Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$567,000
$363K – $949K
Confidence Low
List vs. estimate
$423K above estimate
List $990,000 · +74.6%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$579
+33.1% vs. city median $435
Based on
64 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $6.2M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$15,768
2025
Parking
6 spaces
All facts and features

  • Flooring

    • Ceramic Floor

    Heating

    • Other

    Cooling

    • Ceiling Fan(s)

    • Wall/Window Unit(s)

  • Other Property Information

    • Parcel Number: 01-31-25-019-2960

    • Zoning: 3900

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Other financial information

    • Annual tax amount: $15,768

  • Source details

    • MLS ID: A12041888

    Other facts

    • Construction Materials: Concrete Block Construction

    • Lot Features: Less Than 1/4 Acre Lot

    • Patio And Porch Features: Patio

    • Architectural Style: Attached

    • Living Area: 1708

    • Water Source: Municipal Water

    • Subdivision Name: WYND WOOD PARK

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33127
302
median $1.1M
Active
Same city
Miami
12,367
median $640K
Active
Same type
Multi-family
526
median $987K
Active
Similar price
$693K – $1.3M
2,644
median $879K
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Realty One Group Evolution