Exceptional opportunity to acquire an income-producing duplex in the heart of Wynwood with significant redevelopment potential. Currently fully rented, this property offers immediate cash flow while providing investors and developers the opportunity to capitalize on one of Miami’s fastest-growing neighborhoods. Zoned T4 with the NRD-2 Overlay, the property allows for the development of up to 18 residential units. The neighboring property at 241 NW 34th Terrace allows for up to 13 residential units, creating a unique assemblage opportunity with the potential for a larger-scale development project. Added advantage: develop without on-site parking by contributing to the applicable parking fund, maximizing flexibility. Near Wynwood, Midtown, Design District, Downtown Miami, and major corridors, offering current income plus long-term upside. Property Highlights: Short Sale Opportunity, Fully rented duplex with immediate income, T4 Zoning with NRD-2 Overlay, Development potential for up to 18 units, Adjacent to 241 NW 34th Terrace (up to 13 units), Potential assemblage opportunity, No on-site parking required (parking fund contribution applies), Prime Wynwood location, Minutes to Midtown, Design District, Downtown Miami & I-95, Ideal for investors and developers. Buyer to independently verify zoning, density, development rights, assemblage potential, and parking requirements.
For sale
$1,140,000
251 NW 34th Ter, Miami, FL 33127
8beds
4baths
2,784sqft
Quadruplex
Built in 1926
-- sqft lot
$-- Zestimate®
$409/sqft
$-- HOA
What's special
Two story duplex
- 297 days
- 133
- 14
Zillow last checked:
Listing updated:
Listed by:
Sherry Lebowitz 305-496-0687,
Lifestyle International Realty
Source: MIAMI,MLS#: A11925609
Originating MLS: A-Miami Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- None
Cooling
- Central Air
Features
- Flooring: Tile
Interior area
- Total structure area: 2,784
- Total interior livable area: 2,784 sqft
Property
Parking
- Total spaces: 4
Features
- Stories: 2
Lot
- Features: Less Than 1/4 Acre Lot
Details
- Parcel number: 0131250190680
- Zoning: 3900
- Special conditions: Short Sale
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Quadruplex
Materials
- CBS Construction
- Roof: Flat Roof With Facade Front
Condition
- Year built: 1926
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Subdivision: Wynd Wood Park
HOA
- Has HOA: No
Location
- Region: Miami
Financial & listing details
- Price per square foot: $409/sqft
- Annual tax amount: $15,524
- Date on market: 12/20/2024
- Listing terms: Cash
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/15/2026 | Price change | $1,140,000-0.9%$409/sqft |
Source: | ||
| 4/8/2026 | Pending sale | $1,150,000$413/sqft |
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| 12/4/2025 | Listed for sale | $1,150,000$413/sqft |
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| 12/3/2025 | Listing removed | $1,150,000$413/sqft |
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| 12/1/2025 | Price change | $1,150,000+15%$413/sqft |
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| 8/13/2025 | Pending sale | $1,000,000$359/sqft |
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| 7/30/2025 | Price change | $1,000,000-13%$359/sqft |
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| 2/27/2025 | Price change | $1,150,000-8%$413/sqft |
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| 2/24/2025 | Price change | $1,250,000-24.2%$449/sqft |
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| 2/7/2025 | Price change | $1,650,000-8.3%$593/sqft |
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| 1/16/2025 | Price change | $1,800,000-9.5%$647/sqft |
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| 12/20/2024 | Listed for sale | $1,990,000+73%$715/sqft |
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| 5/31/2023 | Sold | $1,150,000-8%$413/sqft |
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| 4/6/2023 | Contingent | $1,250,000$449/sqft |
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| 3/16/2023 | Price change | $1,250,000-7.4%$449/sqft |
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| 3/7/2023 | Listed for sale | $1,350,000$485/sqft |
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| 2/13/2023 | Contingent | $1,350,000$485/sqft |
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| 2/2/2023 | Price change | $1,350,000+17.4%$485/sqft |
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| 1/24/2023 | Listed for sale | $1,150,000-20.7%$413/sqft |
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| 11/29/2022 | Listing removed | -- |
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| 10/18/2022 | Price change | $1,450,000-19.4%$521/sqft |
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| 8/19/2022 | Price change | $1,800,000-10%$647/sqft |
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| 6/17/2022 | Listed for sale | $2,000,000$718/sqft |
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Public tax history
Tax history is unavailable.
Monthly payment
Est. payment








