‘The Walker’ to Offer Affordable Homeownership Units at 734 N.W. Fourth Avenue, Miami, Florida

A Miami-based developer is moving forward with an affordable housing project in Overtown. The project was greenlit by city officials this past week.

The Walker will comprise 55 residences in a mid-rise building, hosting 45 two-bedroom homes and 10 three-bedroom homes. Residency would be available to tenants earning between 80 to 120 percent of the area median income (AMI). By Miami-Dade County’s standards, for a four-person household to qualify, it would earn $99,100 to $148,680 annually.

The build site is currently vacant. Image from Google Earth

Miami’s area median income is currently $87,200. The South Florida Business Journal notes that the units’ mortgage, insurance, and HOA fees would range from $2,000 to $3,000 a month.  Amenities would include a fitness center and 70 parking spots. Krea USA is the developer. The firm purchased the Walker’s 21,000-square-foot build site for $3.5 million in 2025. The site is currently vacant.

The Walker itself is estimated to cost just over $21 million to complete. The Real Deal reports that the Walker isn’t the only affordable housing project taking shape in Miami’s Overtown neighborhood. The publication also sheds light on The Quadplex, a three-story building with four affordable homeownership units.

The Walker is set for 402 N.W. Eighth St. and 714 to 734 N.W. Fourth Avenue, Miami, Florida, 33136, in Miami-Dade County.

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