Home » Properties » 137 NW 165th St, Miami FL 33169

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Development Land with Multi-Family Potential in Miami

Rare triple-lot assemblage in Miami’s Oleta Terrace offering multi-family zoning for up to eight units. Prime location near I-95 and retail centers.

$899,000

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MLS #A11901239

Listing Updated: 2026-07-26 06:24:31

Listed By: Fausto Commercial Realty Consultants Inc

Overview

This exceptional property at 137 NW 165th St presents a unique development opportunity in a rapidly expanding Miami neighborhood. The site comprises three adjacent lots totaling approximately 0.62 acres, zoned RU-2 and RU-3, allowing for the construction of eight multi-family units including duplexes and a fourplex. Located in Oleta Terrace, the assemblage offers flexibility for developers to design a project tailored to current market demands. Although not shovel-ready, the land is a blank canvas surrounded by established residential communities and benefits from proximity to major highways, retail centers, and public transit. This strategic location combines accessibility with strong rental demand, making it a compelling option for those looking to create new housing in a high-growth area.

Property Highlights

• Triple-lot assemblage totaling 0.62 acres • Zoned RU-2 and RU-3 for duplex and fourplex development • Potential for eight multi-family units • Located in Oleta Terrace near I-95 and Golden Glades Interchange • Close to retail centers and public transportation • Surrounded by established residential neighborhoods • Flexible development site for custom projects

Property Details

City: Miami

State: FL

Zip Code: 33169

Address: 137 NW 165th St, Miami FL 33169

Year Built:

Property Type: Land/Boat Docks

Property Sub Type: Residential

Listing Office Name: Fausto Commercial Realty Consultants Inc

County: Miami-Dade County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $2,159

Days On Market: 210 Days

Original Listing Description

Presenting an outstanding development opportunity in a rapidly growing Miami neighborhood. 137 NW 165th St features a rare triple-lot assemblage totaling approximately 0.62 acres, zoned RU-2 & RU-3, This strategic assemblage includes two 6,700 sq ft lots zoned RU-2 (duplex) and one 13,500 sq ft lot zoned RU-3 (quadplex), allowing for the construction of eight multifamily units—two duplexes and one fourplex situated in the Oleta Terrace offering excellent potential for multi-family construction such as duplexes, townhomes, or a boutique residential project. While the site is not shovel-ready, it provides a solid blank canvas for a developer with vision — giving full flexibility to design and build according to market needs and preferred project specifications. Surrounded by established residential communities and positioned close to I-95, the Golden Glades Interchange, retail centers, and public transit, this location is ideal for future residents seeking convenience and accessibility. With strong rental demand and limited multi-family development land available in the area, this property offers significant long-term upside for investors looking to create new housing in a high-growth Miami corridor. Don’t miss the opportunity to transform this strategically located parcel into a valuable income-producing asset.

Property Location

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

137 NW 165th St, Miami FL 33169

About This Neighborhood

Situated in the Oleta Terrace neighborhood, this property benefits from a mix of established residential communities and easy access to Miami’s key transportation routes. The area is characterized by a suburban feel with proximity to urban conveniences, making it attractive for families and professionals. Nearby retail centers and public transit options contribute to the neighborhood’s accessibility and livability.

Walkability & Lifestyle

Oleta Terrace provides a balanced lifestyle with nearby shopping, dining, and recreational options. Residents can enjoy easy access to parks and waterfront areas, as well as local amenities that support daily living. The neighborhood’s walkability and transit connections contribute to its convenience and quality of life.

Things To Do Nearby

The area around 137 NW 165th St offers diverse recreational opportunities including waterfront activities, parks, and nearby entertainment venues. Residents can explore boating, fishing, and outdoor dining options, benefiting from Miami’s vibrant lifestyle and cultural attractions.

Nearby Schools

The surrounding area offers access to a variety of educational institutions, making it suitable for families considering multi-family living options. Convenient school access enhances the neighborhood’s appeal for residents seeking quality education within reasonable distance from home.

Why Buyers Like This Area

Buyers appreciate this location for its strategic positioning near major highways and retail hubs, combined with the flexibility to develop multi-family housing. The neighborhood’s established community and access to amenities make it an attractive choice for those seeking both convenience and growth potential.

Investment Potential

This Miami property offers a promising development opportunity with zoning that supports multi-family units, including duplexes and a fourplex. The location near major highways and retail centers enhances its appeal for future residents seeking convenience. While the site requires development work, its flexibility allows investors to tailor projects to market needs. The limited availability of multi-family land in this growing area adds to its potential value for long-term development strategies.

Market Trends

Miami’s real estate market continues to see strong demand for multi-family housing, driven by population growth and urban expansion. Limited inventory of development land zoned for multi-family use makes properties like this rare and sought after. Buyers are increasingly interested in locations offering both accessibility and community amenities, positioning this site well for future market interest.

Rental Income Potential

The property’s location in a growing Miami corridor with strong rental demand suggests good potential for attracting tenants once developed. Proximity to highways, retail, and public transit enhances its rental appeal. While income cannot be guaranteed, multi-family units in this area generally experience consistent tenant interest due to convenience and community amenities.