244 NW 32nd St, Miami, FL 33127
Local realty services provided by:Better Homes and Gardens Real Estate Florida 1st
244 NW 32nd St,Miami, FL 33127
$1,175,000
- - Beds
- - Baths
- 1,800 sq. ft.
- Multi-family
- Active
Listed by: martina smolakova
Office: fausto commercial realty consultants inc786-748-7373
MLS#:A12010516
Source:SEFMLS
Price summary
- Price:$1,175,000
- Price per sq. ft.:$165.49
About this home
Investment & Development Opportunity in Wynwood Norte
Seize a unique opportunity in the highly sought-after Wynwood Norte with this prime investment property. Strategically positioned near Wynwood, Midtown, and the Design District, this site offers immediate cash flow with massive future development upside.
Zoning & Development PotentialZoning: T4-R with the NRD-2 Zoning Overlay.
Density: Boasting 150 units per acre, allowing for the construction of up to 24 units by right.
Parking: Development can be completed without parking requirements.
Versatility: Alternatively, the site can be transformed into an upscale townhome development, benefiting from easy access to I-95.
Operational Highlights
Low Overhead: Tenants pay all utilities and maintenance, ensuring a streamlined operation for the owner.
Condition: The roof is in excellent shape—well-maintained with no leaks or issues.
Location & Market Growth
Nestled just south of the Design District and west of Midtown, Wynwood Norte is undergoing rapid growth following the expansion of Wynwood.
With over 6,000 residential units and 2 million square feet of office space in the immediate vicinity, this property is your chance to be part of the next big wave in Miami's dynamic real estate market.
Note: DO NOT DISTURB TENANTS....
Contact an agent
Home facts
- Year built:1937
- Listing ID #:A12010516
- Updated:May 02, 2026 at 09:56 AM
Rooms and interior
- Living area:1,800 sq. ft.
Heating and cooling
- Cooling:Central Air
- Central air:Yes
Structure and exterior
- Roof:Concrete
- Year built:1937
- Building area:1,800 sq. ft.
- Construction Materials:Block
- Levels:2 Story
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,175,000
- Price per sq. ft.:$165.49
- Tax amount:$1,259,172 (2025)
Parking
- Total parking spaces:8
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