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3181 NW 5th Ave
Multi-Family
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$1,199,000

$870/sqft

3181 NW 5th Ave, Miami

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3 bd·3 ba·1,378 sqft
Built 1957Midtown Miami

3181 NW 5th Ave, Miami, FL

3 bd · 3 ba · 1,378 sqft Multi-Family listed at $1,199,000, built in 1957 in the Midtown Miami neighborhood.

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.

Property details

Price
$1,199,000
Bedrooms
3
Bathrooms
3
Interior
1,378 sqft
Price / sqft
$870
Year built
1957
Type
Multi-Family
Days on market
180
Est. property tax
$10,311/yr · $859/mo · 0.86% FL avg
Last sold
$260,000 · Jun 2016

Estimated monthly payment

Down payment20% ($239,800)
Interest rate6.75%
Principal & Interest$6,221
Property Tax$1,099
Insurance$150
Total$7,470/mo

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Price history

▼ 1.7%Most recent change on 2026-03-10: $1,219,900 → $1,199,000.

$2.20M$1.00M$-198K$50K on Feb 83 (Sold)$140K on Apr 04 (Sold)$205K on Dec 04 (Sold)$355K on May 06 (Sold)$139K on Feb 15 (Sold)$190K on May 15 (Sold)$430K on Apr 16 (Initial list)$380K on May 16 (Price change)$380K on May 16 (Initial list)$380K on May 16 (Price change)$320K on May 16 (Price change)$260K on Jun 16 (Sold)$2K on Jun 20 (Price change)$2K on Jul 20 (Price change)$2M on Sep 24 (Initial list)$1.50M on Sep 25 (Price change)$1.30M on Oct 25 (Initial list)$1.22M on Jan 26 (Price change)$1.22M on Feb 26 (Price change)$1.20M on Mar 26 (Price change)
$50K · Feb 83$1.20M · Mar 26
  1. Mar 10, 2026$1,199,000Price change
  2. Feb 27, 2026$1,219,900Price change
  3. Jan 2, 2026$1,220,000Price change
  4. Oct 28, 2025$1,299,000Initial list price
  5. Sep 29, 2025$1,500,000Price change
  6. Sep 5, 2024$2,000,000Initial list price
  7. Jul 11, 2020$2,100Price change
  8. Jun 11, 2020$2,100Price change
  9. Jun 16, 2016$260,000Sold
  10. May 18, 2016$320,000Price change
  11. May 4, 2016$380,000Price change
  12. May 4, 2016$380,000Initial list price
  13. May 3, 2016$380,000Price change
  14. Apr 28, 2016$430,000Initial list price
  15. May 5, 2015$190,000Sold
  16. Feb 27, 2015$139,000Sold
  17. May 2, 2006$355,000Sold
  18. Dec 27, 2004$205,000Sold
  19. Apr 9, 2004$140,000Sold
  20. Feb 1, 1983$50,000Sold

Location

This home is located in Miami, FL, in the South Florida area. Browse more Miami listings on the Miami market page or explore the full Miami market report.

Location

Map of 3181 NW 5th Ave, Miami
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Home Intelligence

Neighborhood (zip 33127)

This neighborhood is primarily renter-occupied (29% owner-occupied). Median age is 36.0; 9% hold a bachelor's degree; median household income is $39,690.

Median income
$39,690
Median age
36.0
Owner-occupied
29.2%
Bachelor's degree
9.2%
Census median home value
$346,000

Source: US Census Bureau American Community Survey 5-year estimates.

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