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    1159 NW 4Th St Miami, FL 33128

    For Sale
    $999,000

    Multi Family - Miami, FL

    Type:Multi Family
    Lot size:
    0.11 Acres
    Days on Market:
    192
    Last Refresh:
    Dec 10 at 12:06 pm

    Property Features for 1159 NW 4Th St

    General Information

    Property type
    Land
    Property subtype
    Multi Family
    Standard status
    Active
    Zoning
    6100
    APN
    01-41-02-005-0990
    Lot size
    0.11 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Architectural style
    Other

    LoKation Real Estate (954) 545-5583 [email protected]

    Listing agent Alexandru Celea (954) 545-5583 License #3464672

    Listing date Jun 2, 2025

    MLS# A11814077 Listing URL

    Copyright © 2025 Miami Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Miami Multifamily Development Site

    This is a 5,000 sqft development site located in Riverside/East Little Havana, Miami, zoned T-6-8-O. The property has approved plans for a 5-story, 15-unit multifamily building totaling 10,000 sqft. The plans include 7 micro studios, which allow for short-term lodging, and 8 apartments with 3 bedrooms and 3 bathrooms each. A parking waiver has been approved, eliminating the need for onsite parking. The site is located minutes from Downtown, Brickell, and the Health District job centers, and within walking distance of Marlins Stadium and the Miami River. An existing 4-unit property on the 0.114-acre site generates $4,540 per month gross income from month-to-month tenants. This property is suited for developers and investors seeking income and growth potential in the Miami market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.21432
    Latitude
    25.777601

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    FAQs

    What type of property is this?
    Apartment building - Shovel-ready T-6-8-O zoned development site with approved plans.
    Where is this apartment building located?
    The property is located at 1159 NW 4Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: - Shovel-ready T-6-8-O zoned 5,000 sqft development site with approved plans for a 5-story, 15-unit multifamily building.; - Approved parking waiver significantly reduces development costs.; - Strategic location near Downtown, Brickell, Health District, Marlins Stadium, and Miami River.
    (954) 545-5583
    Request Owner's contact information
    1159 NW 4Th St Miami, FL 33128
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    Miami, FL 33128
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1159 NW 4Th St Miami, FL 33128
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