Description

Prime development opportunity in the heart of Little Havana, offering both immediate rental income and long-term growth potential. Zoned T6-8-R on a 5,000 SF lot, this two-story multifamily property provides a strong foundation for future construction in one of Miami’s fastest-evolving neighborhoods. The existing building includes four spacious 2BR/1BA units with terrazzo or tile flooring, separate electric meters, washer/dryer hookups, and dedicated parking. The 50-year recertification was completed in 2023, adding an extra layer of confidence for investors. All units are currently occupied, allowing buyers to generate income while preparing for permitting and redevelopment. Centrally located with quick access to Brickell, downtown Miami, Coconut Grove, and the Beaches, this property combines present-day stability with outstanding land value.

Overview

Residential
Type

sqft
Area Size

sqft
Land Area

A11886910
Property ID

Details

Actualizado en abril 29, 2026 a 4:18 pm

Property ID A11886910
Price $1,430,000
Type Residential
Property Status Land/Boat Docks

Additional details

BuildingAreaUnits Square Feet
BuildingName CITY OF MIAMI SOUTH
CoListAgentDirectPhone 305-342-1623
CoListAgentEmail riley@rileysmithgroup.com
CoListAgentFullName Riley Smith
CoListAgentKey e5d1bad08a61f3cca4d71ecb0ba95eee
CoListAgentMlsId 3028618
CoListAgentOfficePhone 305-851-2820
CoListAgentStateLicense 3028618
CoListOfficeKey a3e1330bb288a1f0c5db4faa183951c4
CoListOfficeMlsId COMP15
CoListOfficeName Compass Florida, LLC.
CoListOfficePhone 305-851-2820
ContractStatusChangeDate 2025-09-30
CurrentUse Multi-Family, Other Usage
DaysOnMarket 211
DevelopmentStatus Recorded Plat
DirectionFaces East
DocumentsAvailable Aerial Photo
DocumentsCount 1
ExpirationDate 2026-05-27
Fencing Fenced
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 305-213-6255
ListAgentEmail ana@rileysmithgroup.com
ListAgentFullName Ana Cuan
ListAgentKey 1a98e5e83881c74e047cb4bfb163cf9d
ListAgentMlsId 0617315
ListAgentOfficePhone 305-851-2820
ListAgentStateLicense 0617315
ListOfficeFax 786-347-5469
ListOfficeKey a3e1330bb288a1f0c5db4faa183951c4
ListOfficeMlsId COMP15
ListOfficeName Compass Florida, LLC.
ListOfficePhone 305-851-2820
ListOfficeURL www.rileysmithgroup.com
ListingAgreement Exclusive Right To Sell
ListingContractDate 2025-09-30
ListingKey 155224d4fba614a46235eb1f821fc87c
ListingTerms All Cash, Conventional
LotFeatures City Location, Fenced, Other
LotSizeSquareFeet 5000
MLSAreaMajor City Of Miami South
MajorChangeTimestamp March 26, 2026 at 07:49pm
MajorChangeType Price Decrease
MlsStatus Active
ModificationTimestamp April 29, 2026 at 02:01pm
OnMarketDate 2025-09-30
OriginalEntryTimestamp September 30, 2025 at 12:32pm
OriginalListPrice 1599000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
OtherStructures Livable
ParcelNumber 01-02-00-030-1230
PhotosChangeTimestamp September 30, 2025 at 12:35pm
PhotosCount 22
Possession Funding
PostalCodePlus4 1559
PreviousListPrice 1460000
PriceChangeTimestamp March 26, 2026 at 07:49pm
PublicSurveyRange 2
PublicSurveySection 0
PublicSurveyTownship 2
RoadFrontageType Paved Road
RoadSurfaceType Paved Road, Paved
Sewer Public Sewer
ShowingContactType Agent
ShowingInstructions Call Listing Agent
SourceSystemKey 421180517
StateOrProvince FL
StatusChangeTimestamp September 30, 2025 at 12:32pm
StreetDirPrefix NW
StreetName 7th Ave
StreetNumber 212
StreetNumberNumeric 212
StructureType Residential
SyndicationRemarks Prime development opportunity in the heart of Little Havana, offering both immediate rental income and long-term growth potential. Zoned T6-8-R on a 5, 000 SF lot, this two-story multifamily property provides a strong foundation for future construction in one of Miami’s fastest-evolving neighborhoods. The existing building includes four spacious 2BR/1BA units with terrazzo or tile flooring, separate electric meters, washer/dryer hookups, and dedicated parking. The 50-year recertification was completed in 2023, adding an extra layer of confidence for investors. All units are currently occupied, allowing buyers to generate income while preparing for permitting and redevelopment. Centrally located with quick access to Brickell, downtown Miami, Coconut Grove, and the Beaches, this property combines present-day stability with outstanding land value.
TaxAnnualAmount 16347
TaxLegalDescription CITY OF MIAMI SOUTH PB B-41 N50FT OF S100FT LOTS 19-20 BLK 3 OR 12636-587 0985 1
TaxYear 2024
Utilities Sewer Connected, Water Connected, Electricity Available, Phone Available, Sewer Available, Water Available
Vegetation No Trees
WaterSource Municipal Water
Zoning 4601

Address

Open on Google Maps

Address: 7th Ave
City: Miami
State/county: Miami-Dade County
Zip/Postal Code: 33128
Area: CITY OF MIAMI SOUTH, Nombre del edificio o vecindario CITY OF MIAMI SOUTH