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1,880 sqft

$790,000

1121 NW 5th St, Miami FL, 33128

Price per sqft$420.21
Built in1927
Property size1,880 sqft
Property typeMulti-family

Overview

Active

Listed Jul 27, 2026

Updated Aug 25

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.

$5,256/mo

Est. mortgage payment based on a $790,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

Taxes
$11,624
Tax Frequency
Annually
MLS provider logo

Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS.  All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. 

©2026 Miami Association of REALTORS® all rights reserved. 

Data last updated 3:48 AM UTC, 8/25/2026.

Listed by:  Compass Florida, LLC, 305-697-2904

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