NORTHERN BLVD TR

3181 NW 5th Ave, Miami FL 33127

1,378 ft²

For Sale · Active Listing

$1,199,000

7.70%

Est. Payment $6,382/mo

MLS Sheet Video

1,378

Sq. Ft.

1957

Year Built

Stories

200

Days on Market

Description

Prime Wynwood Investment Opportunity! Excellent return! 95,506 net short term rental income for 2025. Discover this versatile 3 unit multifamily property located just steps from Miami’s vibrant Wynwood Arts District, home to world renowned events like Art Basel and iii Points. The property features a well balanced mix of 3 units: a 2 bedroom/1 bath, a 1 bedroom/1 bath, and a studio, offering multiple income streams under one roof. With its proximity to Wynwood’s art galleries, restaurants, and nightlife, this property is a dream for short-term rental investors seeking strong returns in one of Miami’s most desirable tourist destinations. Zoned for flexibility and located in a high demand area, this is your chance to own an income generating gem in the heart of Miami’s creative hub.

Facts

MLS#: A11899888
Subdivision: NORTHERN BLVD TR
Property Type: Residential Income
Property Sub Type: Triplex
Year Built: 1957
Lot Size: 0 sqft
Sq. Ft.: 1,378 ft²
Sq. Mt.: 128 m²
Price per sq. ft.: $870/ft²
Price per sq. mt.: $9,367/m²
Stories: 1
Garage: —
Pool: —
Days on Market: 200 days
Listed: Oct 28, 2025
Last Updated: May 16, 2026
Price/Lot Sq.Ft.: —

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Market insights for Miami

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

May 2026

100/100

Buyers marketSellers market

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

3/10/2026	Price change	$1,199,000-7.7%
10/28/2025	Listed for sale	$1,299,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

3181 NW 5th Ave, Miami FL 33127Directions

GreatSchools Summary Ratings

Public + private K-12 schools within 5 miles of this listing.

Temple Beth Shmuel Montessori
PK,KG · private · 0.9 mi
Klurman Mesivta High School
7,8,9,10,11 · private · 1.1 mi
Landow Yeshiva Center
PK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 1.1 mi
Miami Beach Senior High School
9,10,11,12 · public · 1.4 mi
Miami Beach Adult & Community Ed Center
UG · public · 1.4 mi
Fienberg/Fisher K-8 Center
PK,KG,1,2,3,4,5,6,7,8 · public · 1.5 mi
Miami Children's Museum Charter School
KG,1,2,3,4,5 · charter · 1.5 mi
Rasg Hebrew Academy
PK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 1.6 mi
Rabi Alexander S Gross Hebrew
PK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 1.6 mi
Rabbi Alexander Gross High School
9,10,11,12 · private · 1.6 mi

Estimated Monthly Payment

$7,531/mo

Principal & Interest

$6,382

Property Tax

$999

Insurance

$150

HOA

Down Payment20% ($239,800)

Interest Rate7.00%

Loan Term30 years

Property Tax Rate1.00% (FL avg ~1.0%)

HOA / Maintenance$0/mo

Insurance$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Sales Associate | Sunland Group

(954) 833-0020 info@rangelyadames.com

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The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.

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Updated 10 hours ago