733 NW 4th Ave, Miami FL 33136

Located in the heart of Miami’s rapidly evolving Overtown neighborhood, this renovated single-family residence offers a rare combination of immediate rental income and significant future redevelopment potential. Built in 1954, the property is part of the Miami North subdivision and offers 1,065 square feet of living area on a 2,500-square-foot lot in Miami-Dade County.
The one-story, attached home features a convenient first-floor entry and no additional rooms beyond the main living space. The kitchen is equipped with an electric range and refrigerator, while cooling and heating are provided by wall or window units. The property has no designated exterior features and no specific view, offering a straightforward opportunity for an owner-user or investor. Additional parking spaces are available. No community amenities are currently listed.
The greatest value may be in the property’s zoning and location. T6-8 O zoning allows approximately 8 to 12 stories of development as of right, subject to applicable regulations and approvals. In addition, Florida’s Live Local Act may allow developers to match the maximum height and density of qualifying Miami Worldcenter properties within a one-mile radius. Directly across the street, The Walker is a $21.4 million workforce housing project led by the City’s Southeast Overtown/Park West Community Redevelopment Agency and Krea USA. The historic People’s BBQ next door is also being redeveloped and is expected to reopen.
Nearby development sites with less favorable zoning have been listed for as much as $1.5 million, emphasizing the area’s land value and long-term upside. Miami offers year-round sunshine, beautiful beaches, vibrant dining, nightlife, cultural attractions, major sports, and convenient access to Downtown, Brickell, Miami Worldcenter, highways, public transportation, and Miami International Airport.
For more information or to schedule a private discussion about 733 NW 4th Ave, Miami FL 33136, call or text +1 786.468.4380 via Tel or WhatsApp.