314 NE 26th Terrace, Miami, FL 33137,Miami,Miami-Dade,Land

Situated in one of Miami’s fastest-growing urban neighborhoods, just minutes from Wynwood, the Design District, Midtown Miami, and Downtown—an area experiencing strong residential and development demand. The property features a two-story duplex-style layout with independent entrances, allowing for dual rental income, owner-occupant flexibility, or the option to combine both levels into a spacious single-family residence. Approximately 2,254 SF of building area on a ~5,340+ SF lot, offering significant living space that can be optimized for rental, multi-generational living, or a large custom home renovation. Currently, both units are leased to one tenant. Ideal for investors seeking income-producing duplex use, renovation upside, or repositioning into a large single-family home in a rapidly appreciating neighborhood. The property may present an opportunity for assemblage with neighboring parcels, creating a larger footprint suitable for future redevelopment consistent with the area’s ongoing urban growth. As of early 2026, the data shows a robust 5.8% year-over-year appreciation in price per square foot (PSF), a trend it’s projected to accelerate as the Edgewater district nears full build-out.