$1,700,000

605 NW 34TH AVE, MIAMI, FL 33125

0 baths5,334 sq ft2 to 4 unitsBuilt 1963
Updated today, November 3, 2026

This home against Auburndale

$319 per sq ft, 32% under the Auburndale median
230 days on the market
$16,038 in property taxes (2025)

Auburndale today: 32 homes for sale, median list price $857,500.

About this home

Value-add "compound" opportunity featuring a unique 6-unit residential property on an expansive 10,400 Sq. Ft. lot. This property offers a versatile unit mix consisting of a standalone 3-bedroom, 2-bathroom single-family home (built 1948) and a separate two story 5-unit apartment building (built 1963) featuring all 1-bedroom, 1-bathroom layouts. All structures feature solid CBS construction and "great bones," providing the perfect canvas for an investor to renovate and capture massive rental upside.Current Gross income $97,045 Current NOI $66,255Strategically located in a high-demand growth pocket, the property is just blocks from the Magic City Casino and the future Miami Freedom Park (Inter Miami Stadium). With immediate access to the 836 Expressway, residents are minutes from Miami International Airport, the Health District, and Downtown Miami. Currently operating with below-market rents, this asset is a prime candidate for a repositioning strategy to maximize yield in one of Miami’s most exciting emerging corridors.Do not disturb tenants

Zoned schools

Elementary: Kensington Park Elementary School
Middle: Citrus Grove Middle School
High: Miami Senior High School

From Miami-Dade County Public Schools attendance zones.

Near this home

Park: Rotary Centennial Park, 0.8 mi
Grocery: Publix, 0.5 mi

Distances from the center of Auburndale, MIAMI.

Listing courtesy of Fausto Commercial Realty Consultants Inc. MLS# A11988951.

Listing information is provided by the MLS and is deemed reliable but not guaranteed.

Listed March 18, 2026.

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