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118 NW 24th St, Miami FL 33127

Multi-family For Sale
$3,425,000

BTC: 58.54700855

ETH: 2,147.75285479

-$525K (2026/06/30)
116 days
0 room(s)
2,983 sqft

Overview

Multifamily Investment (8/8 Studios in WYNWOOD - FOR SALE) •Zoning: T5-O/NRD-1 • Lot Size 7,500SF •Covered Land Play property; Owner would receive income while working on development plans • Great opportunity for owner user or developer with all tenant leases up-to-date • Current income: Approx. $12,400/Month • Property includes 8 street parking spaces (City Decal) • New roof installed in '16 • WiFi network for all tenants • Central washer and dryer • Minutes to Miami Design District, Midtown, Allapattah, Miami beach, Downtown Miami and more

Location

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

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1927
Lot:
No Data
Heating:
None
Price/sqft:
$1,148
Cooling:
Wall/Window Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,075,000
$694K – $2.5M
Confidence Low
List vs. estimate
$2.4M above estimate
List $3,425,000 · +218.6%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,148
+173.4% vs. city median $420
Based on
5 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $14.5M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$56,717
2025
Parking
8 spaces
All facts and features

  • Flooring

    • Concrete

    Heating

    • None

    Cooling

    • Wall/Window Unit(s)

  • Other Property Information

    • Parcel Number: 01-31-25-037-0420

    • Zoning: 6101

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Other financial information

    • Annual tax amount: $56,717

  • Source details

    • MLS ID: A11977900

    Other facts

    • Construction Materials: Concrete Block Construction

    • Lot Features: Less Than 1/4 Acre Lot

    • Window Features: Skylight(s)

    • Architectural Style: Detached

    • Living Area: 2983

    • Water Source: Municipal Water

    • Subdivision Name: MARKS SUB

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
112
median $1.1M
Active
Same city
Miami
5,519
median $650K
Active
Same type
Multi-family
205
median $950K
Active
Similar price
$2.4M – $4.5M
370
median $3.1M
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: Miami Residential Group