Mixed-Use Building with Rental
For Sale
$1,850,000
1353 SW 1st St, Miami, FL 33135
Tenant-occupied property combines ground-floor commercial space with residential units.
Property Size5,468 SF
Lot Size0.16 Acres
Price / SF$338.33
Days on Market52
Property Features for 1353 SW 1st St
General Information
Standard status
Active
Size
5,468 SF
Lot size
0.16 Acres
Property subtype
Mixed Use
Zoning
T6-8-O
Additional Details
Multifamily Units
3
Building Details
Building Size
5,468 SF
Year Built
1925
Buildings
1
Tenancy
Multi
Listing Agency:
FI Real Estate Brokerage LLC
Listed By:
Filippo Incorvaia · License #3285863
(646) 662-8504
Source:
Batrare
Added: Aug 22
Changed: Oct 4
Last Checked: Oct 11 at 1:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of FI Real Estate Brokerage LLC
Investment Insights
Based on property information with market context.
Built in 1925, the property contains a 4,749-square-foot mixed-use building on a 7,000-square-foot lot. Its current configuration includes five rental spaces: two commercial spaces at ground level and three residential spaces. The property is offered in its existing AS-IS condition and is tenant-occupied, with showings available by appointment.
Zoned T6-8-O under Miami’s Urban Core Transect designation, the site permits development up to eight stories and supports approximately 24 units by right. The property is located at 1353 SW 1st St in Miami’s East Little Havana area, with proximity to Brickell and Downtown Miami. Buyers should verify zoning, permitted uses, and square footage with the City of Miami.
Zoned T6-8-O under Miami’s Urban Core Transect designation, the site permits development up to eight stories and supports approximately 24 units by right. The property is located at 1353 SW 1st St in Miami’s East Little Havana area, with proximity to Brickell and Downtown Miami. Buyers should verify zoning, permitted uses, and square footage with the City of Miami.
Key Highlights
- 4,749 SF mixed‑use building on a 7,000 SF lot
- Five rental spaces: two commercial and three residential
- T6‑8‑O zoning under Miami’s Urban Core Transect designation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,182
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,583,640
$2.6M
Cap Rate 7%
$1,845,457
$1.8M
Cap Rate 9%
$1,435,356
$1.4M
Market Conditions
NOI Build-Up for 5,468 SF
Gross rent
$229.7K $42.00/SF
− Vacancy
−$23.0K −$4.20/SF
EGI
$206.7K $37.80/SF
− OpEx
−$77.5K −$14.18/SF
NOI
$129.2K $23.63/SF
Area
Miami, FL
Vacancy
10.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,583,640
Cap Rate 7%
$1,845,457
Cap Rate 9%
$1,435,356
Alternative Uses
Best Use
Mixed Use
$1.85M
$1.61M – $2.15M
NOI $129,182 @ 7.0% cap · market cap 6.98%
Second Best
Apartment 5plus
$1.44M
$1.26M – $1.68M
NOI $101,013 @ 7.0% cap · market cap 5.46%
Theoretical Best
Specialty Retail
$3.69M
$3.23M – $4.31M
NOI $258,365 @ 7.0% cap · market cap 13.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,125
Businesses Nearby
Explore this area
Business Placement
Demographics for 33135, FL
36,232
Population
15,922
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
70%
High-School Grad
2.1 sq mi
ZIP Area
17,253
Density / Sq Mi
$37,757
Median Household Income
$28,850
Median Earnings
$1,315
Median Rent
$396,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Tenant-occupied property combines ground-floor commercial space with residential units.
Where is this mixed-use property located?
The property is located at 1353 SW 1st St Miami, FL.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 4,749 SF mixed‑use building on a 7,000 SF lot; Five rental spaces: two commercial and three residential; T6‑8‑O zoning under Miami’s Urban Core Transect designation
