118 Nw 24th St Miami Miami, FL 33127

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Listing date Jul 9, 2026

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Investment Insights

Based on property information with market context.

This multifamily property features an 8-unit setup with studio apartments. The building includes a centralized washer and dryer for tenants and a WiFi network. There is also a covered “land play” area on-site. Roof replacement was completed in 2016, and the property’s tenant leases are stated to be up to date.

The property is zoned T5-O/NRD-1 and includes eight street parking spaces available via city decal. The lot size is 7,500 SF. The offering is described as generating current income of approximately $12,400 per month while development plans are pursued. It is positioned within minutes of Miami Design District, Midtown, Allapattah, Miami Beach, and Downtown Miami.

Key Highlights

• 8‑plex generating income with 8 leased studio units (8/8 Studios in Wynwood).
• T5‑O mixed use commercial zoning (T5‑O/NRD‑1).
• Approx. $12,400/month current income; tenant leases reported up to date.

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FAQs

What type of property is this?

Apartment building - Leased 8 studio units with central laundry, tenant WiFi, and eight street parking spaces with city decals.

Where is this apartment building located?

The property is located at 118 Nw 24th St Miami Miami, FL.

What is the asking price?

The asking price for this property is $3,450,000.

What are key features of this property?

This property features: 8‑plex generating income with 8 leased studio units (8/8 Studios in Wynwood).; T5‑O mixed use commercial zoning (T5‑O/NRD‑1).; Approx. $12,400/month current income; tenant leases reported up to date.