$1,800,000list price
Per sq ft$803
0 ba · 2,241 sq ft 2 to 4 units
3312 NW 5TH AVE, MIAMI, FL 33127
Listing courtesy of Optimar International Realty. MLS# A12087488.On the MLS · Listed Sep 9
$1,845,000
255 NW 32ND ST, MIAMI, FL 33127
0 baths2,280 sq ft2 to 4 unitsBuilt 1938
Updated today, November 3, 2026This home against Old San Juan
$809 per sq ft, 18% under the Old San Juan median
135 days on the market
Price cut $100,000 since it was listed at $1,945,000
$15,144 in property taxes (2025)
Old San Juan today: 63 homes for sale, median list price $1,100,000.
About this home
Rare opportunity in the heart of Wynwood Norte, one of Miami's fastest-growing urban neighborhoods. Situated on an approximately 10,000 SF double lot and zoned T4-R with the NRD-2 Overlay, the property offers significant redevelopment potential, with the possibility to develop up to 36 residential units. The property is currently consists of two existing structures, including a two-story duplex and a separate single-family residence, creating immediate income-producing opportunities while future development plans are pursued. Investors may choose to continue operating the existing improvements, renovate and reposition the property for increased rental income, occupy one of the residences while generating income from the remaining units, or assemble neighboring parcels to create a larger-scale development opportunity. Located just minutes from Wynwood, Midtown Miami, the Design District, and major transportation corridors including I-95 and I-195, the property benefits from strong demand drivers, walkability, and continued public and private investment throughout the area. Whether acquired as a long-term land bank, an income-producing covered land play, a value-add renovation project, or a future multifamily development site, 255 NW 32nd Street offers investors and developers multiple paths to create value in one of Miami's most dynamic growth corridors.
Zoned schools
Elementary: Eneida M. Hartner Elementary School
Middle: Jose de Diego Middle School
High: Booker T. Washington Senior High
From Miami-Dade County Public Schools attendance zones.
Near this home
Park: Roberto Clemente Park, 0.2 mi
Grocery: Trader Joe's, 0.6 mi
Distances from the center of Old San Juan, MIAMI.
Listing courtesy of BZG International, LLC. MLS# A12041715.
Listing information is provided by the MLS and is deemed reliable but not guaranteed.
Listed June 21, 2026.
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