$7,000,000

Estimated payment $40,835/month

-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Exceptional value-add multifamily investment opportunity in the heart of Miami's rapidly evolving Allapattah submarket. This 1-acre property currently consists of 24 apartment units, offering immediate income potential while providing significant long-term redevelopment upside. The property presents a rare opportunity to acquire a large infill site in one of Miami's most active growth corridors. Existing rental income can help offset carrying costs while a new owner evaluates redevelopment, repositioning, renovation, zoning enhancements, density increases, Live Local Act opportunities, or other value-creation strategies. Located within close proximity to major employment, transportation corridors, the Health District, Downtown Miami, Wynwood, and Miami International Airport, the site is well-positioned to benefit from continued neighborhood growth and investment. Property is being offered for sale as-is. Buyers are encouraged to conduct their own due diligence regarding zoning, land use, density, redevelopment potential, and all municipal approvals. Do not disturb tenants. Showings by appointment only.

Listing Agent

Luis Garcia

Midtown Realty International License #3480128 Listed on: 07/09/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $38,962

Lot Details

  • 1 Acre Lot
  • Lot Dimensions are 315x140

Home Design

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 01-31-27-066-0040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$38,962

Lot Details

1 Acres

Listing Details

  • Property Type: Commercial Land
  • Property Sub Type: Income/MultiFamily
  • Co List Office Phone: 305-253-5600
  • Horses: No
  • Lot Size Acres: 1
  • Lot Size: 315x140
  • New Construction: No
  • Road Frontage Type: City/County Maintained
  • CurrentPrice: 7000000
  • InternetRemarks: Excellent 24 unit investment opportunity on 1 acre. Please do not disturb tenants.
  • Special Features: None

Interior Features

  • Possible Use: Other Plan Use

Exterior Features

  • Lot Features: Urban Area Development, 1-2.5 Acres
  • Pool Private: No
  • View: No
  • Waterfront: No

Utilities

  • Sewer: Public Sanitation
  • Water Source: Municipal Water
  • Utilities: Electricity Connected, Other Utilities Available, Electricity Available, Irrigation Water, Sewer Available, Trash Removal, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 01-31-27-066-0040
  • Current Use: Unimproved Multi Family (5+Units), Other Style
  • Lot Size Sq Ft: 43644
  • Zoning: 3900

Tax Info

  • Tax Year: 2026
  • Tax Annual Amount: 38962

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $38,435 $1,815,484 -- --
2024 $34,726 $1,650,440 -- --
2023 $34,726 $1,500,400 $0 $0
2022 $31,124 $1,364,000 $0 $0
2021 $26,346 $1,240,000 $1,091,100 $148,900
2020 $27,657 $1,450,000 $872,880 $577,120
2019 $26,929 $1,560,000 $785,592 $774,408
2018 $24,457 $1,500,000 $785,592 $714,408
2017 $20,306 $918,390 $0 $0
2016 $19,153 $834,900 $0 $0
2015 $17,265 $759,000 $0 $0
2014 $15,648 $690,000 $0 $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/09/2026 07/09/26 For Sale $7,000,000 -- --
Source: MIAMI REALTORS® MLS

Source: MIAMI REALTORS® MLS

MLS Number: A12050845

MIAMI REALTORS® MLS
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