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    145 32Nd St Miami, FL 33127

    For Sale
    $1,400,000

    Prime Wynwood location, legal triplex. Needs TLC.

    Property size:
    1,788 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This 1925-built, single-story apartment building in Miami's Wynwood Norte neighborhood offers a unique investment opportunity. The 1,788 square foot property is legally configured as a triplex, featuring three units: a 2-bedroom/1-bathroom, and two 1-bedroom/1-bathroom units. Each unit has a separate electric meter. Located at 145 NW 32nd St, Miami, FL 33127, this property is situated on a desirable street within walking distance of Wynwood, Midtown, and the Design District. The property is zoned T4, allowing for potential redevelopment into a larger multifamily building (up to 15 units) with no parking restrictions, per the City of Miami's Wynwood Norte Neighborhood Revitalization District (NRD-2) plan. The asking price is $1,400,000. The property is being sold "as-is" for land value and requires some tender loving care (TLC). Showings are by appointment only with proof of funds and a formal offer. No liens or violations are present. This is a rare chance to acquire a property in a rapidly growing area with significant upside potential.

    Property Features for 145 32Nd St

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,788 SF

    Building Details

    Year Built
    1925
    Stories
    1

    HighLights

    • 1925‑built, 1,788 sq ft triplex in Miami's Wynwood Norte.
    • Three units: one 2/1, two 1/1; each with separate electric meter.
    • Located at 145 NW 32nd St, Miami, FL 33127, near Wynwood, Midtown, & Design District.
    • T4 zoning allows redevelopment up to 15 units, no parking required.
    • $1,400,000 asking price; sold as‑is; requires TLC.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Law Firm Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Food Market Grocery Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1982148
    Latitude
    25.8068821

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    FAQs

    What type of property is this?
    Multifamily property - Prime Wynwood location, legal triplex. Needs TLC.
    Where is this multifamily property located?
    The property is located at 145 32Nd St Miami, FL.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: 1925-built, 1,788 sq ft triplex in Miami's Wynwood Norte.; Three units: one 2/1, two 1/1; each with separate electric meter.; Located at 145 NW 32nd St, Miami, FL 33127, near Wynwood, Midtown, & Design District.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    145 32Nd St Miami, FL 33127
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