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Wynwood Multifamily Investment Opportunity
For Sale
$1,199,000

3181 NW 5th Ave, Miami, FL 33127

Multifamily property near Wynwood Arts District, ideal for short-term rentals.

Property Size1,378 SF
Days on Market156

Property Features for 3181 NW 5th Ave

General Information

Standard status Active
Size 1,378 SF
Property subtype Investment

Taxes and HOA fees

Annual Taxes $13,377

Building Details

Building Size 1,378 SF
Year Built 1957
Stories 1
Listing Agency: LUXE Properties LLC
Listed By: Victor Camero · License #3300210
Source: Elliman
Added: Mar 11 Changed: Aug 10 Last Checked: Aug 12 at 8:33AM

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 LUXE Properties LLC

Investment Insights

Based on property information with market context.

This multifamily property features three units: a 2-bedroom, 1-bath unit, a 1-bedroom, 1-bath unit, and a studio. Located near Miami’s Wynwood Arts District, the property is positioned close to art galleries, restaurants, and nightlife. This location is suited for short-term rental investors. The property offers multiple income streams under one roof and is located in a high-demand area.

Key Highlights

  • Prime location steps from Wynwood Arts District, a major tourist destination.
  • Multifamily property with three units: 2/1, 1/1, and studio.
  • Multiple income streams from diverse unit mix.

Property Analytics

Current Use

Short term rental ...

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?
Multifamily property - Multifamily property near Wynwood Arts District, ideal for short-term rentals.
Where is this multifamily property located?
The property is located at 3181 NW 5th Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Prime location steps from Wynwood Arts District, a major tourist destination.; Multifamily property with three units: 2/1, 1/1, and studio.; Multiple income streams from diverse unit mix.
More about this property
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