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Four-Unit Multifamily Property Near Stadium
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1838 NW 1st St, Miami, FL 33125

Four units near Marlins Stadium, potential for increased returns.

Property SizeContact for details
Days on Market749

Property Features for 1838 NW 1st St

General Information

Standard status Active
Total Parking Spaces 1
Property subtype Multifamily

Site & Location

Neighborhood West Little Havana

Building Details

Year Built 1920
Stories 2
Listing Agency: First Pro International Rlty
Listed By: Juan Araujo-Roca · License #3244824
Source: Crexi
Added: Oct 12, 2024 Changed: Oct 25 Last Checked: Oct 30 at 11:58AM

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 First Pro International Rlty

Rey
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Investment Insights

Based on property information with market context.

This multifamily property features four units and a storage area. The property is exempted from the 40-year recertification. The property has three FPL meters. Most of the units are rented below market value. Located a few blocks from the New Marlins Stadium, the property is also close to Calle 8, Brickell, the Miami River, Downtown, and the Airport. This property may be suitable for investors seeking a growing area with potential for increased annual net returns. The property may also be suitable for fix and flip strategies. Some tenants have resided in the property for an extended period, up to 19 years.

Key Highlights

  • Owner financing available
  • Exempt from 40‑year recertification
  • Four units plus storage with three FPL meters

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Location Intelligence

Trade Area within ½ mile

3,333
Businesses Nearby

Demographics for 33125, FL

53,507
Population
22,496
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
69%
High-School Grad
3.9 sq mi
ZIP Area
13,720
Density / Sq Mi
$40,940
Median Household Income
$30,648
Median Earnings
$1,427
Median Rent
$377,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Four units near Marlins Stadium, potential for increased returns.
Where is this quadplex located?
The property is located at 1838 NW 1st St Miami, FL.
What is the asking price?
The asking price for this property is $898,000.
What are key features of this property?
This property features: Owner financing available; Exempt from 40‑year recertification; Four units plus storage with three FPL meters
(954) 391-8915 · Office Call to check price and availability
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