Tri-Level Live-Work
New
For Sale
$865,000
3449 NE 1st Ave, Miami, FL 33137
Commercial Sale, Miami, FL
Property Size2,048 SF
Lot Size0.02 Acres
Price / SF$422.36
Days on Market1
Property Features for 3449 NE 1st Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
6402
Parking features
On Street
Subdivision
31
Standard status
Active
APN
01-31-25-080-0040
Lot size
0.02 Acres
Taxes and HOA fees
Tax Description
TWO MIDTOWN MIAMI CONDO UNIT L-14 UNDIV 0.005356% INT IN COMMON ELEMENTS OFF REC 25413-2411
Legal Description
TWO MIDTOWN MIAMI CONDO UNIT L-14 UNDIV 0.005356% INT IN COMMON ELEMENTS OFF REC 25413-2411
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
pool
fitness center
spa
sauna
steam room
concierge services
secure covered parking
Building Details
Year built
2007
Flooring type
Tile
Listing Agency:
Compass Florida, LLC
(305) 851-2820
Listed By:
Alex Miranda · License #3203583
(305) 712-6522
Added: Oct 8
Last Checked: Oct 8 at 7:06AM
MLS# A12100894
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2007 Midtown Miami property is arranged across three levels, combining residential space with a ground-floor commercial component identified as CU-109. The residence contains 2 bedrooms, 2 full bathrooms, and 2 half bathrooms within approximately 2,048 square feet of interior area, plus a 405-square-foot private terrace. Tile flooring, central heating, and central air are included. Potential commercial applications listed include professional office, creative studio, showroom, and wellness use; any use is subject to applicable condominium and zoning requirements.
The property is near the Miami Design District, with Wynwood, Edgewater, Downtown Miami, and Miami Beach described as minutes away. Residents of 2Midtown have access to a pool, fitness center, spa, sauna, steam room, concierge services, and secure covered parking. Parking for the property is listed as on-street.
The property is near the Miami Design District, with Wynwood, Edgewater, Downtown Miami, and Miami Beach described as minutes away. Residents of 2Midtown have access to a pool, fitness center, spa, sauna, steam room, concierge services, and secure covered parking. Parking for the property is listed as on-street.
Key Highlights
- Three‑level live‑work configuration with a ground‑floor commercial component, CU‑109
- Approximately 2,048 SF of interior space and a 405 SF private terrace
- Residential layout includes 2 bedrooms, 2 full bathrooms, and 2 half bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,752
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,175,040
$1.2M
Cap Rate 7%
$839,314
$839.3K
Cap Rate 9%
$652,800
$652.8K
Market Conditions
NOI Build-Up for 2,048 SF
Gross rent
$92.2K $45.00/SF
− Vacancy
−$13.8K −$6.75/SF
EGI
$78.3K $38.25/SF
− OpEx
−$19.6K −$9.56/SF
NOI
$58.8K $28.69/SF
Area
Miami, FL
Vacancy
15.00%
Lease Rate
$45.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,175,040
Cap Rate 7%
$839,314
Cap Rate 9%
$652,800
Alternative Uses
Best Use
Office B
$839.3K
$734.4K – $979.2K
NOI $58,752 @ 7.0% cap · market cap 6.79%
Second Best
Mixed Use
$691.2K
$604.8K – $806.4K
NOI $48,384 @ 7.0% cap · market cap 5.59%
Theoretical Best
Specialty Retail
$1.38M
$1.21M – $1.61M
NOI $96,769 @ 7.0% cap · market cap 11.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,952
Businesses Nearby
Explore this area
Business Placement
Demographics for 33137, FL
25,763
Population
15,237
Households
1.7
Avg Household Size
37
Median Age
51%
College-Educated
90%
High-School Grad
2.0 sq mi
ZIP Area
12,882
Density / Sq Mi
$82,798
Median Household Income
$53,519
Median Earnings
$2,338
Median Rent
$532,900
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 Office in Miami, FL
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Frequently Asked Questions
What type of property is this?
Live-work space - A ground-floor commercial component pairs with a two-bedroom residence and a private terrace.
Where is this live-work space located?
The property is located at 3449 NE 1st Ave Miami, FL.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: Three‑level live‑work configuration with a ground‑floor commercial component, CU‑109; Approximately 2,048 SF of interior space and a 405 SF private terrace; Residential layout includes 2 bedrooms, 2 full bathrooms, and 2 half bathrooms
