33129 Zip Code Multifamily Homes For Sale

The property consists of a 2, 280 sf building situated on a 6, 250 sf lot in the brickell estates subdivision. Originally built in 1951 with improvements added in 1990. It features six studio/1-bath units, all currently occupied with strong rental demand driven by the prime location. The municipal zoning is t6-8-o and the pa zone is 6100 (commercial-neighborhood), offering potential for future redevelopment under miami 21 code. The property is 100% occupied by six tenants generating $9, 725 per month in gross rental income. The unit mix consists entirely of studio/1-bath apartments averaging $1, 621/month, which remains competitive for the brickell/coral way corridor. Recent lease-ups in mid-2025 at $1, 625-$1, 700/month confirm strong market demand and upward rent trajectory.

A rare development opportunity in the roads, one of miami's most established and increasingly sought-after residential neighborhoods. This oversized property offers compelling potential for a new duplex, multifamily residence or townhouse-style development. For example, the site could accommodate a duplex with approximately 4, 200 sqft under a/c per residence. Located just minutes from brickell and downtown miami, the property combines exceptional urban access with the privacy and tranquility of a residential neighborhood. Enjoy tree-lined streets, limited through traffic, convenient access to nearby schools and close proximity to dining, shopping, parks and major employment centers. The existing duplex also provides valuable flexibility: the current residences may generate rental income while a future project moves through design, permitting and approval. Outstanding opportunity for a developer, investor or end user looking to create a distinctive residential project in the heart of miami.