241 NW 32nd St Miami, FL 33127
MULTI_FAMILY - Miami, FL
Property Features for 241 NW 32nd St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Rooms
- Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
- Parking
- 6
- Patio and Porch features
- Patio
- Exterior features
- Fence, Patio
- Fencing
- Fenced
- Standard status
- Active
- APN
- 01-31-25-019-2960
- Size
- 1,708 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- WYNDWOOD PARK PB 5-23 LOT 20 BLK 15 LOT SIZE 50.000 X 100 OR 16514-2512 0994 1
- Tax Annual Amount
- 15768
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Cooling system
- Wall/Window Unit(s), Window Unit(s), Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1955
- Floors in Building
- 1
- Flooring type
- Tile - Ceramic
- Building materials
- Block
Listing agent Marcia Sanchez License #3154242 (786) 337-3722
Listing office Realty One Group Evolution 2822 NW 79th Ave, Doral, FL (786) 477-4715
Listing date Jul 3, 2026
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is located at 241 NW 32nd St in Miami, within the Wynwood area described as rapidly evolving and surrounded by new construction and mixed-use development. The remarks note proximity to Wynwood Walls, Midtown Miami, the Design District, and Downtown Miami. Buyers are required to independently verify zoning, land use, and development regulations with the City of Miami.
For developers and investors, this site may fit well as a repositioning, redevelopment, or ground-up construction project, based on the buyer’s confirmed entitlements and feasibility. The listing notes strong interest in the property and indicates the seller expects multiple cash offers, with a goal of accepting the strongest offer at full price or very close to the asking price. Given the stated competitiveness, prospective buyers should plan for an expedited and well-prepared submission process.
Key Highlights
- Development opportunity in Wynwood; flexible residential potential including multifamily and townhomes (buyer to verify zoning/land use with the City of Miami).
- Block construction with ceramic tile flooring.
- Cooling includes wall/window units, additional window unit(s), and ceiling fans.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.5k | $36.00 |
| − Vacancy | −$4.1k | −$2.41 |
| EGI | $57.4k | $33.59 |
| − OpEx | −$25.8k | −$15.11 |
| NOI | $31.6k | $18.47 |
