1121 NW 5th St, Miami, FL, 33128
About This Home
Prime Development Opportunity! Exceptional opportunity to acquire 7,500-square-foot lot in rapid developing Riverside neighborhood, just minutes from LoanDepot Park (formerly Marlins Stadium). This property offers the potential to develop a 3 story 6-unit multifamily residential project in the heart of Little Havana. The existing improvements include a 2-bedroom, 1-bath single-family home and a separate 1-bedroom, 1-bath residence. Together, the two units are currently generating rental income, providing immediate cash flow while development plans and permitting are underway. Whether you're an investor or developer, this property offers an excellent combination of current income and future development potential in one of Miami's most active growth corridors.
Getting Around
Very Walkable
Good Transit
BikeableSchools
Construction
Condition
- Year built: 1927
Materials
- Roof: Shingle
- Construction materials: CBS Construction
Type & Style
- Home type: MultiFamily
- Property subType: Duplex
Interior
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 22
Features
- Flooring: Other
Heating & Cooling
- Heating features: Electric
- Cooling features: Other
Interior Area
- Total structure area: 2,327
- Total interior livable area: 1,880 sqft
Property
Details
- Parcel number: 0141020050470
- Zoning: 3900
Features
- Stories: 1
Lot
- Features: Less Than 1/4 Acre Lot
Parking
- Total spaces: 6
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
- Coastal Flooding
- Cold Wave
- Heat Wave
- Inland Flooding
- 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 | $3,994 | $47,928 |
| Home Insurance * | $223 | $2,676 |
| Property Taxes | $1,494 | $17,928 |
| Electricity | $197 | $2,366 |
| Total | $5,908 | $70,896 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-27 | Listed for sale | $790,000 |
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