Apartment Building Development
For Sale
$3,350,000
118 NW 24th St, Miami, FL 33127
Land, Miami, FL
Property SizeContact for details
Lot Size0.17 Acres
Days on Market59
Property Features for 118 NW 24th St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
6101
Subdivision
MARKS SUB
Standard status
Active
APN
01-31-25-037-0420
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
25 53 41 MARKS SUB PB 1-28 LOT 16 BLK 2 LOT SIZE 7500 SQ FT 73R-256923 OR 21083-4544 0901 4 COC 26485-4056 07 2008 4
Tax Annual Amount
56717
Legal Description
25 53 41 MARKS SUB PB 1-28 LOT 16 BLK 2 LOT SIZE 7500 SQ FT 73R-256923 OR 21083-4544 0901 4 COC 26485-4056 07 2008 4
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Listing Agency:
IRG
(305) 507-5546
Listed By:
Cuindney Mantilla · License #3325552
(203) 508-2407
Added: Jul 21
Changed: Sep 2
Last Checked: Sep 17 at 10:06AM
MLS# A12056960
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 a 7,500 SF site at 118 NW 24th St in Miami’s Wynwood Arts District, with eight fully leased studio apartments currently in place. Public water and public sewer serve the property, and cable is available. The site is zoned T5-O/NRD-1.
The stated redevelopment concept provides for a five-story mixed-use building with 24 residential units above ground-floor retail or restaurant space. The plan allows development of up to 20,000 SF, and projects of 20,000 SF or less have no parking requirement according to the City of Miami Building Department. The Miami Design District, Midtown, Allapattah, and Downtown Miami are within minutes, with access to major transportation routes and a walkable surrounding environment.
The stated redevelopment concept provides for a five-story mixed-use building with 24 residential units above ground-floor retail or restaurant space. The plan allows development of up to 20,000 SF, and projects of 20,000 SF or less have no parking requirement according to the City of Miami Building Department. The Miami Design District, Midtown, Allapattah, and Downtown Miami are within minutes, with access to major transportation routes and a walkable surrounding environment.
Key Highlights
- 7,500 SF lot in Miami’s Wynwood Arts District
- Existing eight fully leased studio apartments
- Concept supports a five‑story mixed‑use building with 24 residential units
Property Analytics
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Current Use
Lease Details
8
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7,210
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Income-producing property with existing studio apartments and a mixed-use redevelopment plan in Miami’s Wynwood Arts District.
Where is this apartment building located?
The property is located at 118 NW 24th St Miami, FL.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: 7,500 SF lot in Miami’s Wynwood Arts District; Existing eight fully leased studio apartments; Concept supports a five‑story mixed‑use building with 24 residential units
