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120 NW 32, Miami FL 33127

Multi-family For Sale
$1,150,000

BTC: 17.91567202

ETH: 652.31942097

-$150K (2026/04/28)
130 days
0 room(s)
1,654 sqft

Overview

Prime development opportunity in Wynwood Norte. 7,200 SF lot zoned T4-R with NRD-2 overlay under Miami21. Exceptional redevelopment opportunity in Miami’s Neighborhood Revitalization District (NRD), just a short walk to the Midtown Shops, dining, and entertainment. This site offers the potential to build up to 25 units across 3 stories Off-site parking (per NRD guidelines; buyer to verify with the City of Miami). With its prime location , and strong upside potential, this parcel is ideal for developers and investors looking to capitalize on one of Miami’s fastest-growing neighborhoods.

Location

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

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1957
Lot:
No Data
Heating:
Central
Price/sqft:
$695
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$550,000
$348K – $925K
Confidence Low
List vs. estimate
$600K above estimate
List $1,150,000 · +109.1%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$695
+59.7% vs. city median $435
Based on
50 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $935K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$24,521
2024
Parking
4 spaces
All facts and features

  • Flooring

    • Ceramic Floor

    Heating

    • Central

    Cooling

    • Central Air

  • Other Property Information

    • Parcel Number: 01-31-25-027-0290

    • Zoning: 3900

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Other financial information

    • Annual tax amount: $24,521

  • Source details

    • MLS ID: A11960545

    Other facts

    • Construction Materials: Concrete Block Construction / CBS Construction

    • Lot Features: 1/4 To Less Than 1/2 Acre Lot

    • Architectural Style: Other

    • Living Area: 1654

    • Subdivision Name: PRICES ADDN TO ST JAMES P

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
$805K – $1.5M
2,121
median $1.0M
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: Julies Realty, LLC