$790,000
 $4,241 est/mo Sourced by Back At You

1121 NW 5th Street,Miami, FL 33128

Miami, FL 33128

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Description

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.

Details

MLS #A12060010
Listing TypeFor Sale
StyleDuplex
Sub-TypeResale
StatusActive
Year1927
Days On Site103
Listing Provided ByCompass Florida, LLC | Ana L Rasco

Features

SQ Feet1,880
Story(s)1
Units2
Zoning3900
Acreage7500.00

Taxes

Tax Annual Amount11624

Area Information

StateFL
CountyMiami Dade
CityMiami
Zip Code33128
Area2410
Community NameLAWRENCE EST LAND CO
Listing VS Median (in LAWRENCE EST LAND CO)
Price:
$790,000
low | high
Med:
$535,000
82.278481012658% of Average
sqft:
1,880
low | high
Med:
1,090
92.021276595745% of Average
$ / sqft:
$420
low | high
Med:
$491
33.195912205319% of Average
On site:
103
low | high
Med:
152
67.763157894737% of Average
Sourced by Back At You

Market Activity 33128

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Learn More About This Property

StateFL
CountyMiami Dade
CityMiami
Zip Code33128
Area2410
Community NameLAWRENCE EST LAND CO
Listing VS Median (in LAWRENCE EST LAND CO)
Price:
$790,000
low | high
Med:
$535,000
82.278481012658% of Average
sqft:
1,880
low | high
Med:
1,090
92.021276595745% of Average
$ / sqft:
$420
low | high
Med:
$491
33.195912205319% of Average
On site:
103
low | high
Med:
152
67.763157894737% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $592K - $987K
sqft: 1,000 - 2,000
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1000 N River Drive 20 Property Photo 1
$649,000
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Miami, FL 33136
Listing Updated: October 30, 2026 at 6:35:56 PM PDT