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251 NW 34th Terrace, Miami, FL 33127

$1,140,000
Property Type: Residential Income Square Footage: 2,784 Status: Active
Current Price: $1,140,000 List Date: 12/20/2024 Last Modified: 6/16/2026

Overview

Description

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 ...

Listing Details MLS# A11925609

General Property Information

Number Of Units Total
4
Property Sub Type
Quadruplex
Building Area Main
2784
Living Area Main
2784
Adjusted Area Main
2505
Year Built
1926
Parking Total
4
Stories Total
2
Pool Private YN
No

Property Features

Documents Available: Other Available Information; None Flooring: Tile Property Condition: Resale Special Listing Conditions: Short Sale Structure Type: Multi Family Construction Materials: CBS Cooling: Central Air Heating: Separate Meters; None Listing Terms: Cash Possession: Negotiable Roof: Flat Sewer: Public Sewer Tax Information: Tax Reflects No Exemptions Utilities: Cable Available Showing Requirements: Showing Service Unit 1 Parking Features: Parking Space Unit 2 Parking Features: Parking Space Unit 3 Parking Features: Parking Space Unit 4 Parking Features: Parking Space

Contract Information

Comp Sale YN
No
Original List Price
1150000

Location and Legal

Country
United States
County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
Street Number
251
Street Direction Prefix
NW
Street Name
34th
Street Suffix
Terrace
City Name
Miami
Municipal Code
Yes
State Or Province
FL
Postal Code
33127
Postal Code +4
3474
Postal Zip
33127
Subdivision Name
WYND WOOD PARK
Area
2310
Elementary School
Eneida Massas Hartner
Middle Or Junior School
Jose De Diego
High School
Booker T. Washington
Parcel Number
0131250190680
Subdivision Number
19
Zoning
3900
Flood Zone
X

Financial Information

Tax Annual Amount
15524
Tax Year
2023
Tax Legal Description
WYNDWOOD PARK PB 5-23 LOT 15 BLK 4 OR 13193-1334 0287 1

Status Change Information

Major Change Timestamp
2026-06-15T15:38:52Z
Major Change Type
Back on Market
Price Change Timestamp
2026-06-15T15:38:14Z
Status Change Date
2026-06-15

More Information

Short Sale Details

Lender Approval
Approved

Income and Expenses

Gross Income
5550

Unit 1 Details

Actual Rent
1250
Baths Full
Yes
Efficiency YN
No

Unit 1 Lease Description

Lease Term
Month To Month

Unit 2 Details

Actual Rent
1600
Baths Full
Yes
Efficiency YN
No

Unit 2 Lease Description

Lease Term
Month To Month

Unit 3 Details

Actual Rent
1200
Baths Full
Yes
Efficiency YN
No

Unit 3 Lease Description

Lease Term
Month To Month

Unit 4 Details

Actual Rent
1500
Baths Full
Yes
Efficiency YN
No

Unit 4 Lease Description

Lease Term
Month To Month

Price Calculations

Current Price To SqFt
409.48

Section Details

Parcel Number MLX
0680

Originating Details

Originating System Key
423961272
Originating System ID
M00000151

Office/Member Information

DXORIGMLSID
SEF

Flooring

Tile
Yes

Property Condition

Resale
Yes

Special Listing Conditions

Short Sale
Yes

Documents Available

Other Available Information
Yes
None
Yes

Structure Type

Multi Family
Yes

Possession

Negotiable
Yes

Sewer

Public Sewer
Yes

Utilities

Cable Available
Yes

Heating

Separate Meters
Yes
None
Yes

Construction Materials

CBS
Yes

Listing Terms

Cash
Yes

Roof

Flat
Yes

Cooling

Central Air
Yes

Showing Requirements

Showing Service
Yes

Tax Information

Tax Reflects No Exemptions
Yes

Unit 1 Parking Features

Parking Space
Yes

Unit 2 Parking Features

Parking Space
Yes

Unit 3 Parking Features

Parking Space
Yes

Unit 4 Parking Features

Parking Space
Yes
IDX
Listing Office: Lifestyle International Realty
Last Updated: June - 16 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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