Home » Properties » 5807 NW 17th Ave, Miami FL 33142

Prime Miami Development Lot with Multi-Family Potential

Two combined lots in Miami offer 12,314 sq ft with T5-O zoning for up to 18 units and 5 stories.

$1,199,000

Interested in this property?

Contact our team to schedule a private tour or request additional information about this property.

Schedule a Tour Contact Agent

$ Mortgage Calculator ● WhatsApp

Florida Local Time --:--

MLS #A11827245

Listing Updated: 2026-06-20 00:28:22

Listed By: Sustainable RE, LLC.

Overview

Located in the heart of Miami’s evolving urban landscape, this unique property combines two parcels to form a spacious 12,314 square feet lot. Zoned T5-O, it provides the potential to build a multi-family structure up to five stories tall, accommodating as many as 18 residential units. This flexibility allows developers and investors to create a substantial residential community in one of Miami’s most dynamic neighborhoods. With its proximity to emerging amenities and easy access to city conveniences, this land parcel represents a rare opportunity in an increasingly sought-after area.

Property Highlights

Two combined lots totaling 12,314 sq ft in prime Miami location, T5-O zoning permits up to 18 units and 5-story buildings, ideal for multi-family development, situated in an up-and-coming neighborhood offering solid growth potential.

Property Details

City: Miami

State: FL

Zip Code: 33142

Address: 5807 NW 17th Ave, Miami FL 33142

Year Built:

Property Type: Land/Boat Docks

Property Sub Type: Income/MultiFamily

Listing Office Name: Sustainable RE, LLC.

County: Miami-Dade County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $7,647

Days On Market: 348 Days

Original Listing Description

Developers and investors, take a look at this great lot in the heart of Miami! This listing combines 5807 NW 17th ave and 5817 NW 17th Ave for a combined 12,314 square feet! With T5-O zoning, you are allowed to build up to 18 units in a building up to 5 stories! This gives you the flexibility you need to create a cash cow that is sure to appreciate in one of the most up and coming areas of Miami. Lots this size do not come on the market often, so don't miss the chance to guarantee a great investment! Seller must do their due diligence.

Property Location

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

5807 NW 17th Ave, Miami FL 33142

About This Neighborhood

Set in a dynamic Miami neighborhood, this property benefits from an evolving urban environment marked by new developments and community growth. The area blends residential comfort with convenient access to local amenities, creating a balanced lifestyle for future residents. Proximity to major transportation routes enhances connectivity, making it easy to reach downtown and key parts of the city. This blend of neighborhood vitality and increasing investment appeal makes it a compelling choice for new development projects.

Walkability & Lifestyle

The property’s location offers a balance of urban convenience and neighborhood charm, with various shops, eateries, and services within an accessible distance. Future residents would benefit from walkable pathways to local conveniences, enhancing daily living. Proximity to nearby recreational areas adds to walkability, encouraging outdoor activities and engaging community life. This sets the stage for a lifestyle that blends city ease with comfortable neighborhood experiences.

Things To Do Nearby

Situated near Miami’s cultural and recreational highlights, this land parcel is close to parks, waterfront venues, and dining destinations that enrich resident lifestyles. The area’s evolving character brings expanding nightlife options and local events to enjoy. Nearby marinas and outdoor spaces offer activities such as boating and walking trails, adding variety to everyday living. This location supports a balanced lifestyle that embraces both urban energy and natural attractions.

Nearby Schools

Families considering development here will appreciate access to a range of educational options within Miami’s school districts. The neighborhood provides convenient routes to local public and charter schools, supporting family lifestyles with balanced schooling choices. This accessibility helps create a welcoming environment for residents seeking community stability and quality educational access. As the area develops, school connectivity remains an important consideration for future homeowners and residents.

Why Buyers Like This Area

Buyers are drawn to this property for its rare opportunity to develop in a growing Miami neighborhood with flexible zoning for multi-family projects. The lot’s size and location offer creative design possibilities, appealing to those looking to shape modern urban living spaces. Ease of connectivity to city hubs and nearby amenities enhances the lifestyle potential for future residents. Overall, this land combines strategic positioning with development versatility, aligning with current buyer priorities in Miami’s competitive market.

Investment Potential

This expansive lot in Miami offers unique development opportunities under T5-O zoning, allowing construction of up to 18 residential units over five stories. Its generous size and zoning flexibility appeal to developers aiming to capitalize on Miami’s growing demand for multi-family living. Situated in a vibrant area poised for growth, this property’s location supports long-term potential for value appreciation. The nearby urban revitalization and increased interest in multi-family housing make this parcel well-positioned for those focused on strategic land acquisition.

Market Trends

Miami’s real estate market has seen consistent interest in multi-family developments, especially in neighborhoods with transit access and local revitalization efforts. Properties with zoning that supports mid-rise buildings have become more attractive due to the demand for urban living options. This lot’s size and zoning align well with these market preferences, reflecting broader trends toward sustainable, community-oriented residential spaces. Prospective buyers and developers should consider the local market’s trajectory, which continues to favor thoughtfully planned housing in thriving city corridors.

Rental Income Potential

With permission to build up to 18 units, this lot holds promise for rental property development in Miami’s increasingly sought-after NW 17th Ave location. The area’s growing population and urban amenities support consistent demand for residential rentals, from young professionals to small families. Seasonal influxes and long-term renters alike provide varied rental prospects, enhancing the appeal for investors interested in income-producing properties. While rental income is subject to market conditions, the neighborhood’s attractiveness lends itself well to sustained occupancy levels.