For Sale
$3,890,000
118 NW 24th St, Miami FL 33127
Income/MultiFamily
Built in 1927
7,500 Square Feet lot
73 days on market
About this property
Covered land play with a multifamily building in the
heart of Wynwood.
This is an exceptional covered land investment located in the urban core of Wynwood, one of Miami's most
transformative neighborhoods. Situated on a 7,500 SF lot, the property houses a 2,620 SF multifamily
structure configured into eight residential units, currently producing stable in-place income.
With flexible T5-0 zoning, this site offers a unique opportunity to generate immediate cash flow while
strategically land banking for future vertical development. As Wynwood continues to mature with
new hospitality, residential, and commercial developments, 118 NW 24th Street is ideally positioned.
Seller is motivated to sell. Willing to look at offers
Property Details
Exterior
- Waterfront: No
Interior
- Building Area Total: 2620
Location
- City: Miami
- County: Miami-Dade County
- State: FL
- Zoning: 6101
Construction
- New Construction: No
Public Info
- Lot Size: 7,500 Square Feet
- Year Built: 1927
- APN: 01-31-25-037-0420
Tax Information
- Annual Tax Amount: $55,984
Price History
| 2/5/2026 |
Listed for Lease
Source: Miami REALTORS® |
$1,450 $3/sqft |
| 1/19/2026 |
Listed for Sale
Source: Miami REALTORS® |
$3,890,000 |
| 10/20/2025 |
Leased
Source: Miami REALTORS® |
$1,450 $4/sqft |
| 10/5/2021 |
Leased
Source: Miami REALTORS® |
$1,350 $0/sqft |
| 8/16/2021 |
Leased
Source: Miami REALTORS® |
$1,250 $3/sqft |
| 6/7/2021 |
Leased
Source: Miami REALTORS® |
$1,200 $3/sqft |
| 5/27/2021 |
Leased
Source: Miami REALTORS® |
$1,350 $3/sqft |
| 10/16/2020 |
Leased
Source: Miami REALTORS® |
$1,250 $3/sqft |
| 7/9/2020 |
Leased
Source: Miami REALTORS® |
$1,000 $2/sqft |
| 6/15/2020 |
Leased
Source: Miami REALTORS® |
$1,000 $0/sqft |
Walk Score
97
Walker's Paradise
87
Very Bikeable
Kevin McCarthy
RACVantage Managing Broker | Commercial Real Estate Advisor