255 NW 32nd St, Miami, FL, 33127
255 NW 32nd St, Miami, FL, 33127 - Image 2255 NW 32nd St, Miami, FL, 33127 - Image 3255 NW 32nd St, Miami, FL, 33127 - Image 4255 NW 32nd St, Miami, FL, 33127 - Image 5

255 NW 32nd St, Miami, FL, 33127

7 bedrooms · 4 baths · 2,280 sq.ft.

Rare opportunity in the heart of Wynwood Norte, one of Miami's fastest-growing urban neighborhoods. Situated on an approximately 10,000 SF double lot and zoned T4-R with the NRD-2 Overlay, the property offers significant redevelopment potential, with the possibility to develop up to 36 residential units. The property is currently consists of two existing structures, including a two-story duplex and a separate single-family residence, creating immediate income-producing opportunities while future development plans are pursued. Investors may choose to continue operating the existing improvements, renovate and reposition the property for increased rental income, occupy one of the residences while generating income from the remaining units, or assemble neighboring parcels to create a larger-scale development opportunity. Located just minutes from Wynwood, Midtown Miami, the Design District, and major transportation corridors including I-95 and I-195, the property benefits from strong demand drivers, walkability, and continued public and private investment throughout the area. Whether acquired as a long-term land bank, an income-producing covered land play, a value-add renovation project, or a future multifamily development site, 255 NW 32nd Street offers investors and developers multiple paths to create value in one of Miami's most dynamic growth corridors.

Information

Property typeMulti Family
Size2,280 sq.ft.
Year built1938
Stories2
Price per sq.ft.USD 809
Last sold2025-12-08
Last sold priceUSD 1,680,000
CountyMiami-Dade
ZIP code33127
LocationMiami, United States

USD 1,845,000

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Where it's located

Miami, United States

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