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1121 NW 5th St, Miami FL 33128

Multi-family For Sale
$790,000

BTC: 12.25281117

ETH: 415.21254678

New
0 room(s)
1,880 sqft

Overview

Prime Development Opportunity! Exceptional opportunity to acquire 7,500-square-foot lot in rapid developing Riverside neighborhood, just minutes from LoanDepot Park (formerly Marlins Stadium). This property offers the potential to develop a 3 story 6-unit multifamily residential project in the heart of Little Havana. The existing improvements include a 2-bedroom, 1-bath single-family home and a separate 1-bedroom, 1-bath residence. Together, the two units are currently generating rental income, providing immediate cash flow while development plans and permitting are underway. Whether you're an investor or developer, this property offers an excellent combination of current income and future development potential in one of Miami's most active growth corridors.

Location

Florida • Miami • 33128 • Multi-family • For Sale

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1927
Lot:
No Data
Heating:
Electric
Price/sqft:
$420
Cooling:
Other
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$624,900
$410K – $1.2M
Confidence Low
List vs. estimate
$165K above estimate
List $790,000 · +26.4%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$420
-1.7% vs. city median $427
Based on
45 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $750K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$11,624
2025
Parking
6 spaces
All facts and features

  • Flooring

    • Other

    Heating

    • Electric

    Cooling

    • Other

  • Other Property Information

    • Parcel Number: 01-41-02-005-0470

    • Zoning: 3900

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Other financial information

    • Annual tax amount: $11,624

  • Source details

    • MLS ID: A12060010

    Other facts

    • Construction Materials: CBS Construction

    • Lot Features: Less Than 1/4 Acre Lot

    • Architectural Style: Detached

    • Living Area: 1880

    • Subdivision Name: LAWRENCE EST LAND CO

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
33128
82
median $574K
Active
Same city
Miami
12,141
median $635K
Active
Same type
Multi-family
510
median $962K
Active
Similar price
$553K – $1.0M
3,397
median $720K
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: Compass Florida, LLC