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Versatile Multifamily Land Opportunity in Miami

13,200 SF vacant land in Miami zoned for multifamily development with potential for commercial use in a prime location.

$427,770

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MLS #A11598693

Listing Updated: 2026-05-24 12:32:37

Listed By: The Keyes Company

Overview

This 13,200 square foot parcel in Miami offers a unique chance to build up to four multifamily units, with opportunities to explore zoning variances for further development. Situated in a sought-after area with commercial zoning, this land is well-positioned for buyers interested in residential or mixed-use projects. The flexible land use and strong Miami location make it ideal for developers or investors evaluating potential growth in this vibrant market. Buyers are encouraged to consult architects and contractors to optimize building plans and maximize the property's potential.

Property Highlights

Vacant 13,200 SF lot zoned for up to 4 multifamily units. Commercial primary land use. Located in a prime Miami neighborhood. Reduced price of $427,770.

Property Details

City: Miami

State: FL

Zip Code: 33161

Address: 567 NE 150th St, Miami FL 33161

Year Built:

Property Type: Land/Boat Docks

Property Sub Type: Residential

Listing Office Name: The Keyes Company

County: Miami-Dade County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $3,426

Days On Market: 384 Days

Original Listing Description

The original MLS listing description is not available for this property.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

567 NE 150th St, Miami FL 33161

About This Neighborhood

Located in Miami’s 33161 neighborhood, this land benefits from a community blending residential comfort with commercial convenience. The area supports multifamily developments, capturing the lifestyle of a diverse and growing population. Proximity to nearby retail and business hubs enhances daily living options. Residents and future tenants can enjoy quick access to essential services while appreciating the neighborhood’s evolving urban feel.

Walkability & Lifestyle

The 33161 area provides a balance between suburban tranquility and urban convenience. Nearby, residents can access grocery stores, dining options, and local shopping centers within a short drive. While the immediate lot is primarily residential, the surrounding vicinity offers enough amenities for daily needs without sacrificing a quiet lifestyle. Outdoor activities and community parks are also accessible, contributing to an appealing lifestyle.

Things To Do Nearby

Miami’s waterfront and cultural attractions are within a manageable distance, offering residents opportunities for boating, dining, and entertainment. Parks and recreational facilities nearby support an active lifestyle. Residents can enjoy weekend visits to local marinas or explore the diverse dining scene that reflects Miami's rich cultural diversity, adding vibrancy to day-to-day life.

Nearby Schools

Families looking to build here will find convenient access to several Miami-Dade schools within reasonable distance. The neighborhood offers educational options that suit various age groups, making it easier for residents to manage daily school commutes. This accessibility supports family-friendly living and provides an added layer of neighborhood stability, appealing to buyers with a focus on community growth.

Why Buyers Like This Area

Buyers appreciate this location for its flexible zoning and development potential in a dynamic Miami neighborhood. The mix of commercial and multifamily opportunities provides creative freedom for developers. The property’s size and positioning allow for innovative planning suited to various residential needs, appealing to those wanting to capitalize on Miami’s evolving housing market.

Investment Potential

This Miami land presents a promising opportunity for developers eyeing multifamily projects in an active residential zone. The property’s commercial zoning allows for flexible uses, appealing to a variety of development plans. Buyers should explore local zoning regulations and consider possible variances to unlock the full potential. Given Miami’s steady demand for housing, the property’s location adds to its long-term appeal for builders and investors looking to engage in development land plays.

Market Trends

Miami's real estate market continues to show resilience and diversification, with development land drawing attention for new multifamily projects. The 33161 area’s zoning flexibility contributes to its attractiveness for builders seeking to meet housing demand. While pricing varies, this parcel’s recent price adjustment reflects a competitive offering within an active market where demand for residential development remains steady. Market watchers recognize land with commercial and multifamily zoning as valuable long-term assets.

Rental Income Potential

Properties developed on this parcel could attract steady rental interest given Miami's year-round appeal and vibrant local economy. Multifamily housing in 33161 tends to draw both families and professionals seeking access to urban amenities and transportation. While rental income potential depends on final development, the land's location in a mixed-use zone supports diverse tenant profiles including seasonal residents and long-term renters.