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Redevelopment Duplex Opportunity
For Sale
$1,676,767

420 NW 32nd Street, Miami, FL 33127

As-is duplex on a 7,200 SF lot in a transforming Wynwood corridor, offered with redevelopment potential.

Property SizeContact for details
Lot Size0.17 Acres
Days on Market33

Property Features for 420 NW 32nd Street

General Information

Standard status Active
Lot size 0.17 Acres
Property subtype Land
Listing Agency: Alterra Realty Group Inc
Listed By: Maritza I Borroto · License #3222207
Source: Laerrealty
Added: Jul 5 Changed: Jul 23 Last Checked: Aug 6 at 3:27AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Alterra Realty Group Inc

Investment Insights

Based on property information with market context.

This property is currently configured as a duplex, with existing structures sold in an as-is condition and no representations regarding current use or improvements.

The site is located in the heart of Wynwood on an approximately 7,200 SF lot. The surrounding area is described as a rapidly transforming corridor with new construction and major developments. The area may support multifamily development under current zoning overlays; buyers are responsible for verifying zoning, density, and allowable uses.

Lot dimensions are approximate and subject to verification. The offering is positioned for investors or developers who want to generate income while planning or pursuing redevelopment.

Key Highlights

  • As‑is duplex offered on a 7,200 SF lot in the heart of Wynwood.
  • Property is being marketed for redevelopment potential, with structures sold in as‑is condition.
  • Situated in a rapidly transforming corridor surrounded by new construction and major developments.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Mobile Phone Store Buffet Nursing Home Restaurant Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,073
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - As-is duplex on a 7,200 SF lot in a transforming Wynwood corridor, offered with redevelopment potential.
Where is this duplex located?
The property is located at 420 NW 32nd Street Miami, FL.
What is the asking price?
The asking price for this property is $1,676,767.
What are key features of this property?
This property features: As‑is duplex offered on a 7,200 SF lot in the heart of Wynwood.; Property is being marketed for redevelopment potential, with structures sold in as‑is condition.; Situated in a rapidly transforming corridor surrounded by new construction and major developments.
More about this property
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