3181 NW 5th Ave, Miami, FL, 33127
About This Home
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.
Getting Around
Very Walkable
Good Transit
Very BikeableSchools
Construction
Condition
- Year built: 1957
Materials
- Roof: Composition Roll,Concrete,Tar/Gravel
- Construction materials: Concrete Block Construction,CBS Construction
Type & Style
- Home type: MultiFamily
- Property subType: Triplex
Interior
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
Features
- Flooring: Tile
Heating & Cooling
- Heating features: Central,Electric
- Cooling features: Central Air,Electric
Interior Area
- Total structure area: 1,526
- Total interior livable area: 1,378 sqft
Property
Details
- Parcel number: 0131250230020
- Zoning: 6107
Features
- Stories: 1
Lot
- Features: Less Than 1/4 Acre Lot
Parking
- Total spaces: 3
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Cold Wave
- Heat Wave
- Lightning
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Miami-Dade County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $6,062 | $72,744 |
| Home Insurance * | $292 | $3,504 |
| Property Taxes | $809 | $9,708 |
| Electricity | $197 | $2,366 |
| Total | $7,360 | $88,320 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-10 | Price change | $1,199,000 |
| 2026-02-27 | Price change | $1,219,900 |
| 2026-01-02 | Price change | $1,220,000 |
| 2025-10-28 | Listed for sale | $1,299,000 |
| 2025-10-06 | Listing removed | $1,500,000 |
| 2025-09-29 | Price change | $1,500,000 |
| 2024-09-05 | Listed for sale | $2,000,000 |
| 2020-08-16 | Listing removed | $1,950 |
| 2020-07-16 | Listed for rent | $1,950 |
| 2016-06-22 | Sold | $260,000 |
| 2016-05-04 | Price change | $380,000 |
| 2016-04-28 | Listed for sale | $430,000 |
| 2015-05-05 | Sold | $190,000 |
| 2015-02-27 | Sold | $139,000 |
| 2014-09-15 | Sold | $100,100 |
| 2006-05-02 | Sold | $355,000 |
| 2004-12-27 | Sold | $205,000 |
| 2004-04-09 | Sold | $140,000 |
View on Zillow