Search
Multifamily Development Site
For Sale
$1,800,000

559 NW 34th Street, Miami, FL 33127

Ground-up plan for 24 two-bedroom units on a 7,150 SF lot with an existing 1,250 SF structure, zoned T5-O.

Property SizeContact for details
Days on Market91

Property Features for 559 NW 34th Street

General Information

Standard status Active
Property subtype Unimproved Land
Listing Agency: Fausto Commercial Realty Consultants Inc
Listed By: Martina Smolakova · License #3474819
Source: Lehmannflorida
Added: Jul 4 Changed: Oct 1 Last Checked: Oct 1 at 10:48AM

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 Fausto Commercial Realty Consultants Inc

Investment Insights

Based on property information with market context.

This development opportunity is positioned for a ground-up multifamily project featuring previously approved plans for 24 two-bedroom units. The plans are currently undergoing revision review, reflecting an active, advanced path toward construction. The site includes a 7,150 SF lot with an existing 1,250 SF structure, and it is zoned T5-O.

Located at 559 NW 34th Street in Miami, the property is described as being in Wynwood Norte, with proximity to Midtown, Edgewater, Brickell, and the Design District, as well as Miami International Airport.

With its existing structure on-site and T5-O zoning supporting higher-density urban development, the property offers a foundation for developers looking to move forward with an approved 24-unit residential plan.

Key Highlights

  • 24‑unit ground‑up multifamily development plan with all units designed as 2‑bedroom units
  • Site is 7,150 SF and includes an existing 1,250 SF structure
  • Zoned T5‑O for flexible, higher‑density urban development

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence
Open Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Mobile Phone Store Buffet Nursing Home Veterinary Clinic 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

4,320
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Ground-up plan for 24 two-bedroom units on a 7,150 SF lot with an existing 1,250 SF structure, zoned T5-O.
Where is this apartment building located?
The property is located at 559 NW 34th Street Miami, FL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 24‑unit ground‑up multifamily development plan with all units designed as 2‑bedroom units; Site is 7,150 SF and includes an existing 1,250 SF structure; Zoned T5‑O for flexible, higher‑density urban development
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved
Reason not saved — we won't ask again