1234 NW 9 Ave presents a rare opportunity to acquire a 9,000 SF development site in the heart of Miami’s urban core, zoned T-6-8-L under Miami 21. The property currently features an existing triplex operated as a rooming configuration, generating approximately $8,000 per month in income, providing immediate cash flow while redevelopment plans are pursued. The T-6-8-L zoning allows for high-density, mixed-use development, making this an ideal acquisition for investors and developers seeking to capitalize on Miami’s continued growth and demand for workforce and attainable housing. The lot size and zoning provide strong upside potential for multifamily, co-living, or vertical development concepts, subject to city approvals. This property is part of a larger portfolio offering. Notably, three adjacent parcels 914 NW 12 St, 1180 NW 11 Street Rd, and 1158 NW 11 Street Rd total approximately 24,000 SF and can be sold together as a separate assemblage, offering flexibility for buyers seeking a standalone development site. The remaining parcels include 741 NW 10 St (zoned T-6-8-O) and the subject property at 1234 NW 9 Ave. The full portfolio is offered at $10,000,000, presenting a unique opportunity to control scale in a rapidly evolving neighborhood near major transit, employment centers, and ongoing redevelopment. Ideal for investors seeking both in-place income and long-term development upside.
Highland Park, located between Little River and El Portal, is a residential and industrial Miami neighborhood with low-slung warehouses and a grid of quiet streets. The neighborhood’s character concentrates along NE 2nd Avenue near the Little River corridor, where loading docks, small studios, and workday lunch counters set a utilitarian rhythm. Nearby anchors such as the Little River Flea, The Citadel, and the Miami Ironside campus add design-forward retail and food halls to the area’s maker energy. Architecture leans mid-century bungalows and modest duplexes beside light-industrial buildings. Sidewalks and shade trees frame short walks to pocket parks and the river’s edge. The atmosphere reads practical, creative, and in motion.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Property currently used for commercial purposes, hotel/motel, and partially unimproved
Exterior features
50 x 180 lot with typical landscaping and less than one acre
Road frontage on county and state roads
Publicly maintained road access
Home design
Commercial property / hotel-motel type
Utilities
Cable available
Electricity available
Phone available
Sewer available
Trash collection available
Water available
Financial info
Gross scheduled income of $96,000
Annual taxes $12,338 (tax year 2025)
Other
Zoning description: 6106
Electricity and solar
View estimated energy costs and solar savings for this home
This offering presents a rare opportunity to acquire a 5-parcel income-producing portfolio in Miami’s 33136 corridor, with both current cash flow and future redevelopment potential. The portfolio includes five parcels, with a known in-place rent roll of approximately $13,500 per month, and a pro forma projection of roughly $28,000 per month, highlighting meaningful upside through lease-up, repositioning, and redevelopment. The three-parcel assemblage totals approximately 24,000 square feet, or 0.55 acres, and is positioned for significant density potential, with an estimated 82 units as-of-right and a theoretical Live Local capacity of up to 550 units, subject to buyer verification. The zoning mix includes primarily T6-8-L, with one parcel identified as T6-8-O, creating flexibility for a buyer seeking a covered land play with income during the planning phase. Located within TOD and RTZ areas, this portfolio benefits from strong urban infill fundamentals in one of Miami’s most active growth corridors. For an investor or developer, this is not just a stabilized income opportunity, but a strategic assemblage with scale, location, and long-term redevelopment leverage.
MARMLS #A11800814
Aug 1, 2025
Listing Removed
—
May 2, 2025
Listed
$2,250,000
Public Records
Aug 4, 1995
Sold
$32,000
Public Records
Mar 19, 1991
Sold
$35,000
Public Records
Jun 1, 1984
Sold
$45,000
Year
Property tax
Land + Additions
Assessment*
2025
$14,007 (+4.1%)
2024
$13,453 (+12.0%)
2023
$12,007 (+20.0%)
2022
$10,009 (+4.2%)
2021
$9,608 (+3.7%)
2020
$9,262 (+3.9%)
2019
$8,917 (+15.5%)
2018
$7,721 (+36.3%)
2017
$5,667 (+2.2%)
2016
$5,543 (+5.6%)
$270,000 + $1,000
$271,000
2015
$5,251 (−9.5%)
2014
$5,800 (+39.4%)
2013
$4,161 (+11.3%)
2012
$3,738 (−0.5%)
$76,720 + $55,091
$131,811
2011
$3,758
Public record
Public record
Zoning
Beds
5
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
9,000 Sq. Ft.
Year renovated
1928
Finished Sq. Ft.
2,170
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,170
Year built
1928
Style
Multi-Family (2-4 Unit)
County
Miami-Dade County
APN
0131350192230
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 15, 2026.
T6-8-O
Urban Core Transect Zone Open
The Urban Core Zone consists of the highest Density and greatest variety of Uses, including Civic Buildings of regional importance. A network of small blocks has Thoroughfares with wide Sidewalks, with steady tree planting and Buildings set close to the Frontage with frequent doors and windows.
Permitted uses
Include but are not limited to:
Religious facility
General retail
Restaurant
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Student
Hotel / motel
Mixed use
Office
Climate risks
9/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
10/10 Heat Factor
7 days above 103° expected this year, 28 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Miami, FL • 33136
Average low and high temperatures (°F)
74
62
76
65
78
69
80
73
86
78
87
80
89
81
90
80
87
78
84
77
80
71
77
68
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
86/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Miami. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
7.8 hrs
6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $440,000 and $2,050,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $440K to $2.0M.