Multifamily in Miami, FL 33127
Miami Avenue, 5550 N Miami Ave

$590K11%
$525,000
1,564
SqFt
Status
Sold - Apr 10, 2026
Size
1,564 SqFt (145 m2)
Price
$336/SqFt ($3,613/m2)
Type
Multifamily
Built
1970
MLS Number
A11916473
On Site
301 Days
Updated
18 Days ago
Page Views
0
A prime investment opportunity in one of Miami’s most sought-after neighborhoods! This duplex, zoned MULTIFAMILY 2–9 UNITS (2 living units), is ideally situated on North Miami Avenue—just minutes from the vibrant Wynwood District, known for its top-tier restaurants, art galleries, and boutique shops. Both units feature 2 bedrooms and 1 bathroom, each with its own separate electric meter. The property offers parking on both sides, providing convenience for tenants. Its central location delivers quick access to major expressways, Downtown Miami, Midtown, Design District, and South Beach. Currently, both units are rented month-to-month, presenting excellent upside potential. Rents are below market value, and with updates, the units can command significantly higher rental income.

Features

Bedrooms
    Bathrooms
      Exterior and Lot Features
        Interior, Heating and Cooling
        • Heating Description: None
        • Cooling Description: CentralAir
        Building and Construction
        • Floor Description: Terrazzo
        • Year Built: 1970
        • Year Built Description: Resale
        Waterfront and Water Access
        • Waterfront Frontage: No info
        School Information
          Other Property Info
          • Listing Date: 2025-11-18T15:53:34.000-00:00
          Taxes, Fees & More
          • Taxes: 6735

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          Price History

          Current
          $525K
          High
          $590K
          Low
          $525K
          Total Change
          -11%
          $598K$557K$517KNov 25Jan 26Jan 26Apr 26
          Date
          Event
          Price
          Change
          Price Per
          04/10/2026
          Sold
          $525K
          0%
          $336 ft2
          $3,613 m2
          01/27/2026
          Price Reduced
          $525K
          -7.88%
          $336 ft2
          $3,613 m2
          01/27/2026
          Price Reduced
          $570K
          -3.39%
          $364 ft2
          $3,922 m2
          11/18/2025
          Listed
          $590K
           
          $377 ft2
          $4,060 m2
          04/10/2026
          $525K
          Event
          Sold
          Change
          0%
          Price Per
          $336 ft2
          $3,613 m2
          01/27/2026
          $525K
          Event
          Price Reduced
          Change
          -7.88%
          Price Per
          $336 ft2
          $3,613 m2
          01/27/2026
          $570K
          Event
          Price Reduced
          Change
          -3.39%
          Price Per
          $364 ft2
          $3,922 m2
          11/18/2025
          $590K
          Event
          Listed
          Price Per
          $377 ft2
          $4,060 m2
          Price per square foot and days on website are not provided values and are calculated by Subdivisions.
          Listed by Jordaniel NunezAncona Real Estate Inc • Buyer Agency Compensation .

          Listing Location & Street View
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          Scores

          Walk Score®
          Very Walkable. Most errands can be accomplished on foot
          87

          100
          Transit Score®
          Good Transit. Many nearby public transportation options
          52

          100
          Bike Score®
          Very Bikeable. Biking is convenient for most trips
          70

          100
          Sound Score®
          Very loud
          67

          100
          Airport Score
          Close to airports. Noticeable airport activity
          0

          100
          Traffic Score
          Congested area. Frequent traffic delays
          42

          100
          Local Score
          Limited local amenities nearby
          4

          100
          Community Snapshot
          991 - 3,635
          SqFt Range
          1953
          Year Build

          Miami
          Premium
          Premium Homes & Condos