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    8440 NE 1St Ave Miami, FL 33138

    Pending
    For Sale
    $1,875,000

    Multi Family - Miami, FL

    Type:Single Family Attached
    Lot size:
    0.47 Acres
    Days on Market:
    147
    Last Refresh:
    Dec 7 at 4:06 pm

    Property Features for 8440 NE 1St Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Attached
    Standard status
    Pending
    Zoning
    6101
    APN
    01-31-12-012-0640
    Parking
    5
    Parking features
    On Street
    Lot size
    0.47 Acres

    Utilities

    Sewer type
    Other
    Cooling system
    Other (Cooling)
    Water source
    Public
    Water front features
    Canal Front, Waterfront
    Water front
    1

    Building Details

    Year built
    1949
    Number of units
    5
    Building materials
    Block
    Roof type
    Shingle
    Architectural style
    Other

    Eagle Realty LLC d/b/a Keller Williams Eagle Realty (305) 757-1700 [email protected]

    Listing agent John Salt (305) 757-1700 License #3270043

    Listing date Jul 14, 2025

    MLS# A11783592 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

    Waterfront 5-Unit Building in Miami

    This five-unit building is located in the heart of Miami's Little River District, one block from the Citadel. Situated on a 20,662 square foot lot, the property features high-density mixed-use "T5-O" zoning and valuable land that abuts a T6-8 neighbor. The grounds include a central Banyan tree, mature fruit trees, full fencing, and a waterfront dock suitable for fishing and launching kayaks. The property has updated plumbing and electric systems, impact glass, a newer roof, fresh paint, custom woodwork, and terrazzo floors. A dedicated laundry area is located at the rear. Located in a qualified opportunity zone, the property may offer capital gains tax savings. It is situated on a quiet cul-de-sac with ample parking. The location is walkable to Michelin-rated dining, shops, yoga, karate, art venues, and community events. It is located 8 minutes from Miami Design, 10 minutes from Wynwood and Miami International Airport, and 12 minutes from South Beach.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fit For Birth Education Center

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.195823
    Latitude
    25.852757

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    FAQs

    What type of property is this?
    Apartment building - Five-unit building on a large lot in Little River District.
    Where is this apartment building located?
    The property is located at 8440 NE 1St Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $1,875,000.
    What are key features of this property?
    This property features: - Waterfront property with PRIVATE DOCK on a massive 20,662 SF lot.; - High-density mixed-use "T5-O" zoning in a Qualified Opportunity Zone.; - Turnkey property with updated plumbing, electric, impact glass, and newer roof.
    (305) 757-1700
    Request Owner's contact information
    8440 NE 1St Ave Miami, FL 33138
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    Miami, FL 33138
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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
    8440 NE 1St Ave Miami, FL 33138
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