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About This Home
This 8-bedroom, 4-bathroom multi-family at 251 NW 34th Ter in Miami, FL is listed for $1,140,000 ($409 per sqft). Built in 1926, the home offers 2,784 sqft of living space on a N/A lot.
Exceptional opportunity to acquire an income-producing duplex in the heart of Wynwood with significant redevelopment potential. Currently fully rented, this property offers immediate cash flow while providing investors and developers the opportunity to capitalize on one of Miami’s fastest-growing neighborhoods. Zoned T4 with the NRD-2 Overlay, the property allows for the development of up to 18 residential units. The neighboring property at 241 NW 34th Terrace allows for up to 13 residential units, creating a unique assemblage opportunity with the potential for a larger-scale development project.
Added advantage: develop without on-site parking by contributing to the applicable parking fund, maximizing flexibility. Near Wynwood, Midtown, Design District, Downtown Miami, and major corridors, offering current income plus long-term upside.
Property Highlights: Short Sale Opportunity, Fully rented duplex with immediate income, T4 Zoning with NRD-2 Overlay, Development potential for up to 18 units, Adjacent to 241 NW 34th Terrace (up to 13 units), Potential assemblage opportunity, No on-site parking required (parking fund contribution applies), Prime Wynwood location, Minutes to Midtown, Design District, Downtown Miami & I-95, Ideal for investors and developers.
Buyer to independently verify zoning, density, development rights, assemblage potential, and parking requirements.
Key Features
- Built in 1926
- 4 parking spaces
Property Details
Monthly Cost Estimate
$6,097/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
251 NW 34th Ter
Miami, FL 33127
Wynd Wood Park
Property Details
Flooring
Construction
Cooling
Questions & Answers
This 8-bedroom, 4-bathroom multi-family at 251 NW 34th Ter is listed at $1,140,000 ($409/sqft). The estimated monthly payment is $4,940 based on 20% down at 6.5% interest.
Key features include: Built in 1926, 4 parking spaces.
This property is listed by Sherry Lebowitz and can be reached at 3054960687 or sherry@lebowitzgroup.com.




