Triplex
244 NW 32nd St
244 NW 32nd St, Miami FL 33127
$1,175,000
1,800 SqFt
See estimated monthly costThis listing is courtesy of Fausto Commercial Realty Consultants Inc. Martina Smolakova
Overview
Wynwood Norte | Covered Land Play — 24-Unit By-Right Development with Income In Place A rare chance to enter one of Miami's hottest corridors with cash flow from day one and a clear path to 24 units — no variances, no parking, just execute. The existing ±2,000 SF triplex generates $4,000/month ($34,200 NOI), with tenants covering utilities and maintenance — keeping carry costs low while you permit and design. Zoned T4-R within the NRD-2 overlay, the site allows up to 150 units/acre by right, with zero parking requirements and zero variances needed — multifamily or fee-simple townhomes, your call. Just west of Midtown Miami and the Design District, Wynwood Norte sits in one of South Florida's most active development pipelines — 6,000+ units and 2M+ SF of office planned nearby. Easy access to I-95, Wynwood, Edgewater, Downtown, and Miami Beach. Our team has closed 5 sites in Wynwood Norte and can support you on design, underwriting, entitlements, and introductions to lenders, architects, and builders who know this market. Income in place. Simple zoning. No parking headaches. No variance risk. Just execute. DO NOT DISTURB TENANTS — Showings by appointment only.
Facts & features
Interior
- Living area (sq ft)
- 1,800
Building & exterior
- Year built
- 1937
Taxes
- Annual tax
- $1,259,172
- Tax year
- 2025
- Parcel number
- 01-31-25-019-3050
Listing
- MLS number
- A12010516
- Property type
- Triplex
- Price per SqFt
- $653
- Subdivision
- WYND WOOD PARK
- On market since
- Apr 30, 2026
- Days on market
- 37
Estimated monthly cost
$111,754 per month
- Principal & interest (30 yr)
- $5,941
- Property tax
- $104,931
- Insurance (estimated)
- $881
An estimate for comparison only — not a loan offer, a quote, or a commitment to lend. Actual taxes, insurance and financing terms will differ.
Location
Nearby schools
- Young Men''s Preparatory Academy Senior High
- Eneida Massas Hartner Elementary
- Jose De Diego Middle
- Metropolitan International School of Miami
- Ebenezer Christian Academy
- Miami Arts Charter School
- Mater International Preparatory
- Mater Academy of International Studies
- Cherry Blossom Learning Center II
- Centner Academy - Preschool
- Paul Laurence Dunbar K-8 Center
- Care Elementary School
- MIA Piccolo Montessori School
- Santa Clara Elementary
- Design & Architecture Senior High
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