176 NE 68TH ST

MIAMI, FL 33138

Status:

Available

Price:

$22,250,000

Price/Unit:

198,661

Net Rentable (SF):

57,715

Units:

112

Year Built:

1947

Lot Size:

132,065 SF

OFFERING MEMORANDUM:

INVESTMENT OVERVIEW

112 Units on Over 3 Acres – Rare scale and land size (132,065 SF lot) in an urban core location, offering immediate income and long-term redevelopment potential
Zoned T5-L – Flexible zoning allows for higher-density residential or mixed-use development under Miami 21
Located in Little River – A rapidly emerging neighborhood surrounded by arts, culture, and tech-driven redevelopment
Major Value-Add Opportunity – Below-market rents and original interiors provide strong upside through renovation and repositioning
Prime Urban Access – Minutes from Wynwood, the Design District, Midtown, and major transit corridors (I-95 & Biscayne Blvd)

INVESTMENT HIGHLIGHTS

The Porosoff Group is pleased to present exclusively for sale, 176 NE 68th Street, Miami, FL 33138, a value-add multifamily asset located in the heart of Miami’s fast-evolving Little River neighborhood. This property represents a rare opportunity to acquire scale in one of the city’s most dynamic growth corridors, surrounded by cultural, creative, and commercial revitalization.

The subject property consists of 112 living units across an adjusted area of 57,715 square feet, situated on a sprawling 132,065 square foot lot. Originally constructed in 1947, the property has maintained strong fundamentals while offering significant upside potential through modernization and enhanced operational efficiencies. The site is zoned T5-L, providing future flexibility for redevelopment, increased density, or repositioning strategies aligned with Miami 21’s form-based code.

Located just minutes from the Design District, Wynwood, Midtown, and Little Haiti, the asset sits within a zone of high demand for both residential and mixed-use development. Continued investment in nearby infrastructure, retail, and arts-driven projects supports sustained rent growth and long-term capital appreciation.