For sale

$790,000

1121 NW 5th St, Miami, FL 33128

3beds

22baths

1,880sqft

$5,713/mo

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Duplex

Built in 1927

-- sqft lot

$750,200 Zestimate^®

$420/sqft

$-- HOA

What's special

Prime Development Opportunity! Exceptional opportunity to acquire 7,500-square-foot lot in rapid developing Riverside neighborhood, just minutes from LoanDepot Park (formerly Marlins Stadium). This property offers the potential to develop a 3 story 6-unit multifamily residential project in the heart of Little Havana. The existing improvements include a 2-bedroom, 1-bath single-family home and a separate 1-bedroom, 1-bath residence. Together, the two units are currently generating rental income, providing immediate cash flow while development plans and permitting are underway. Whether you're an investor or developer, this property offers an excellent combination of current income and future development potential in one of Miami's most active growth corridors.

69 days
194
10

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 22

Heating

Electric

Cooling

Other

Features

Flooring: Other

Interior area

Total structure area: 2,327
Total interior livable area: 1,880 sqft

Video & virtual tour

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Property

Parking

Total spaces: 6

Features

Stories: 1

Lot

Features: Less Than 1/4 Acre Lot

Details

Parcel number: 0141020050470
Zoning: 3900

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex

Materials

CBS Construction
Roof: Shingle

Condition

Year built: 1927

Utilities & green energy

Sewer: Public Sewer

Community & HOA

Community

Subdivision: Lawrence Est Land Co

HOA

Has HOA: No

Location

Region: Miami

Financial & listing details

Price per square foot: $420/sqft
Tax assessed value: $639,877
Annual tax amount: $11,624
Date on market: 7/27/2026
Listing terms: Conventional

Estimated market value

$750,200

$713,000 - $788,000

$3,316/mo

Price history

Date	Event	Price
7/27/2026	Listed for sale	$790,000$420/sqft
Source: MIAMI #A12060010 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$12,109 +10.2%	$531,994 +10%
2024	$10,985 +11.1%	$483,631 +10%
2023	$9,883 +10.5%	$439,665 +10.7%
2022	$8,945 +2.2%	$397,033 +5.8%
2021	$8,755 +9.1%	$375,158 +10%
2020	$8,024 +46.8%	$341,053 +113.4%
2019	$5,467 +5.8%	$159,834 +10%
2018	$5,169	$145,304 +10%
2017	$5,169 +15.2%	$132,095 +10%
2016	$4,488 +20.5%	$120,087 +10%
2015	$3,724 +9.3%	$109,170 +10%
2014	$3,406 +30.3%	$99,246 +10%
2013	$2,613	$90,224 +10%
2012	$2,613 +2.9%	$82,022 +4.8%
2011	$2,540 -44.2%	$78,272 -50%
2010	$4,553 -37.6%	$156,678 -43%
2009	$7,291 -19.8%	$275,000 -27.8%
2007	$9,086 +39.1%	$380,768
2006	$6,532 +83.1%	--
2002	$3,568	--
2001	$3,568	--