Home » Properties » 227 NW 17th Ave, Miami FL 33125

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Multi-Unit Triplex in Miami's Prime Location

1933-built triplex with 7 beds, 3.5 baths near Little Havana and Downtown Miami, offering versatile living and rental options.

$650,000

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MLS #A11878028

Listing Updated: 2026-07-09 18:42:36

Listed By: Fausto Commercial Realty Consultants Inc

Overview

Located in the heart of Miami, this 1933 triplex offers 2,037 square feet of living space and sits on a 3,450 square foot lot. Featuring seven bedrooms and three and a half bathrooms, the property is zoned T5-L which provides flexibility for residential or mixed-use possibilities. While it requires renovation and city recertification, its separate electric meters and impact windows add value. Positioned minutes from Little Havana, Brickell, and Downtown Miami, this property appeals to those looking to invest or develop in a rapidly growing neighborhood.

Property Highlights

Triplex built in 1933 with 7 bedrooms and 3.5 bathrooms. Zoned T5-L for flexible use. Close to Little Havana and Downtown Miami. Needs renovation and city recertification. Separate electric meters and impact windows installed.

Property Details

City: Miami

State: FL

Zip Code: 33125

Address: 227 NW 17th Ave, Miami FL 33125

Year Built: 1933

Property Type: Residential Income

Property Sub Type: Triplex

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: $6,816

Days On Market: 266 Days

Original Listing Description

Investor Special! Multifamily Property with Great Potential in the Heart of Miami. Built in 1933 on a 3,450 SQ FT lot, this property offers 2,037 SQ FT of living space, featuring 7 bedrooms and 3½ bathrooms. Zoned T5-L, it allows for multiple uses and offers flexibility for residential or rental income. All units with Impact Windows, Separate Electric Meters. projects. Need renovation and is currently pending recertification in accordance with the City of Miami’s Building Department requirements. Once brought up to code, it can become an excellent source of passive income. Prime location just minutes from Little Havana, Downtown Miami, Brickell, and major thoroughfares. Perfect for developers, investors, or visionaries looking to capitalize in a fast-growing area.

Property Location

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

227 NW 17th Ave, Miami FL 33125

About This Neighborhood

Nestled in a diverse Miami neighborhood close to Little Havana, this triplex captures the essence of city living with easy access to vibrant street life, eateries, and local markets. The area is an eclectic mix of cultural richness and urban convenience, offering residents the charm of historic Miami alongside evolving city amenities. With quick routes to Brickell and Downtown, the locale is ideal for those desiring a lively yet accessible residential experience in Miami’s core.

Walkability & Lifestyle

The property’s location features strong walkability, with numerous restaurants, cafes, and shops within easy reach. Its place near Little Havana presents opportunities to experience local culture on foot. Residents appreciate quick access to public transit and major roadways as well, encouraging a lifestyle that balances urban convenience and neighborhood charm. Walkable streets and community hotspots make day-to-day living enjoyable and practical.

Things To Do Nearby

Nearby, residents can enjoy a variety of Miami’s cultural and recreational activities, from exploring Little Havana’s colorful street life to visiting parks and waterfront areas. The location offers easy access to vibrant dining, nightlife spots, and outdoor venues such as marinas and golf courses in adjacent neighborhoods. This mix of entertainment and relaxation options enriches the lifestyle for those at this location.

Nearby Schools

Families considering this Miami property benefit from access to a range of nearby schools that serve the local community. The neighborhood offers convenient options for educational needs, making it suitable for those seeking multi-family living near established school districts. The combination of urban amenities with accessible schooling supports day-to-day family logistics in this vibrant part of the city.

Why Buyers Like This Area

Buyers are drawn to this triplex for its location advantage and development potential in a rapidly evolving Miami neighborhood. The property's close proximity to cultural centers and downtown business districts appeals to those wanting urban lifestyle benefits. Investors and visionaries see opportunity in the property's flexibility and hands-on renovation potential as a way to shape their real estate portfolio while engaging in Miami’s growing market.

Investment Potential

This Miami triplex offers a solid foundation for investors interested in a hands-on project in a dynamic urban setting. Its flexible T5-L zoning accommodates a variety of uses, including residential or mixed-use developments, which suits creative redevelopment plans. While the property requires updating and city recertification, its separate electric meters and impact windows are practical features that enhance separate unit management. Its location near Downtown Miami and Little Havana supports demand from tenants seeking proximity to employment and cultural hubs.

Market Trends

Miami's real estate scene continues to attract buyers and developers targeting multi-family properties due to urban growth and increasing housing needs. Properties near neighborhoods like Little Havana are seeing interest for their cultural cachet and accessibility to central business districts. This triplex represents a strategic opportunity in a market where updated multi-unit buildings are sought after. The demand for flexible urban housing options contributes to steady market activity in this sector.

Rental Income Potential

Due to its central Miami location and flexible zoning, this property holds potential for attractive rental income once renovated and brought up to code. The proximity to popular neighborhoods and business centers increases appeal to renters looking for convenient city living. While renovation is required, the triplex’s multiple units with separate electric meters simplify management. Seasonal demand and year-round tenant interest can support ongoing rental opportunities in this growing market.