Price Check
How this price compares
- List price
- $2,590,000
- Price per sq ft
- N/A
- Original price
- $2,795,000
- Days on market
- 307
This commercial property in ZIP 33138 is listed at $2,590,000. The asking price has come down 7.3% from its original $2,795,000. It has been on the market for 307 days.
Estimated monthly payment
$13,612 /mo
Principal and interest only, based on $518,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $2,590,000
- Days on Site
- 307 Days
- Bedrooms
- 0
- Total Baths
- 0
- Total Sq Ft
- 3,271 sqft
- Lot Size
- 0.29 Acres
- Year Built
- 1941
- Property Type
- Commercial
- MLS #
- A11917999
- Property Tax
- $14,371
- County
- Miami Dade
- Status
- Active
About This Property
Offering a beautifully re-imagined and absolutely turn-key 4-plex + single-family residence delivered renovated and designer-furnished, this is the ideal play for long-term multifamily investors seeking an operation-ready rental compound with re-development upside for a commercial or mixed-use project, or adaptive re-use program in the near-term ahead of redevelopment. Already commanding premium market rents due to the high quality finishes, fully-furnished units and spacious, even luxurious grounds and desirably situated in direct walkable adjacency to The Citadel, dining and shopping, this property provides investors a rare set of conditions that secure rentability in the long-term compared to aging existing market rental inventory in the Little River neighborhood. The fourplex features three (3) 2-bedroom / 1-bath units and one sizable (1) 1-BR / 1-Bath unit, each showcasing its own unique design theme, and beautifully restored with high-end finishes and meticulous design details.Historically operated as short-term rentals, this meticulously maintained two-parcel rental compound is half-way to stabilization with two of four 4-plex units newly leased at $2,900/month—with straightforward lease-up remaining on the SFR and final unit. One unit in the fourplex has not been renovated as it is occupied by long-term annual tenant. With zero additional CapX requirements needed, the property is well on its way from a pro-forma, to an in-place 5.8% CAP or better -- an attractive return for covered land in a premiere location considering the amount of improvements compared to the lot size. Plus -- underlying T5-O commercial zoning provides rare optionality for maximizing investment potential and is suitable for:--Multi-family investors & short-term rental operators seeking a plug-and-play rental hub in the most walkable pocket to F&B and retail--Specialty-use or institutional operators (school, wellness, design collective, etc.) seeking beautiful grounds and multiple structures --Bullish covered-land buyers holding for future redevelopment—by-right potential for 19 units / 5 stories, or up to 292 units / 8–12 stories under Live Local Act incentives-Proven Path to a +/- 6% CAP return with zero capX requirements-Investor-friendly, with the single-family residence currently vacant, investment-minded buyer may opt to live in the house (or utilize it as an office location) and rent the fourplex, allowing for easy on-site management and opening the door for better financing options -Building recertifications up-to-date for hassle-free investment-Turn-Key Income Producer: Fully renovated with cohesive, high-end designer-curated interiors that command premium rates—ideal for immediate operation as Airbnb, boutique hospitality, or long-term rentals.-Operational Versatility: Dual-structure configuration allows income diversification via office or creative use within the SFR alongside income generation from the modernized 4-plex, supporting multiple investment approaches.-Prime Walkable Location: Steps from The Citadel–the culinary anchor of Little River– and surrounded by cafés, cultural establishments, art studios, chef-owned restaurants, and neighborhood retail.-Flexible Zoning & Future Development Upside: With T5-O zoning, Opportunity Zone benefits, and Live Local Act eligibility, the assemblage offers exceptional flexibility for futureredevelopment and long-term value momentum.
MLS media linkGeneral Features
- Property Type
- Commercial
- Status
- Active
- Year Built
- 1941
- Lot Size (Acres)
- 0.29
- Total Sq Ft
- 3,271
- Zoning
- 6101
Community & HOA
- MLS Area
- 2310
About the Area
Browse Miami homes for sale across every neighborhood and price point in Miami-Dade. Available homes span single-family, townhome, and condo segments throughout the city. Miami includes gated golf communities, 55+ active adult neighborhoods, waterfront estates, and newer master-planned subdivisions. HOA fees vary by community type, from modest maintenance fees in non-gated subdivisions to higher dues in full-amenity country clubs. The city sits within Miami-Dade, offering access to South Florida beaches, major employment centers, and healthcare hubs. For current Miami-Dade market data, see Florida Realtors' monthly statistics. Browse the latest Miami listings below. Then connect with a Pure Equity agent to schedule a private showing.
- Homes for Sale
- 9,370
- Under Contract
- 1,779
- Median List Price
- $645,000
- Median Sale Price (September)
- $592,500
- Median $/Sq Ft
- $509
- Avg Days on Market
- 144
Frequently Asked Questions
- How do I schedule a tour of 8270 NE 1st Place, Miami, FL 33138?
- Use the Tour button on this listing to request a showing of 8270 NE 1st Place, Miami, FL 33138. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 8270 NE 1st Place, Miami, FL 33138 still available?
- 8270 NE 1st Place, Miami, FL 33138 is currently listed as Active, and has been on the market 307 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 8270 NE 1st Place, Miami, FL 33138?
- With 20% down ($518,000) on the $2,590,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 8270 NE 1st Place, Miami, FL 33138 is about $13,612/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 8270 NE 1st Place, Miami, FL 33138?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 8270 NE 1st Place, Miami, FL 33138. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Can I negotiate the price of 8270 NE 1st Place, Miami, FL 33138?
- Often, yes. The right offer on 8270 NE 1st Place, Miami, FL 33138 depends on how it's priced against comparable commercial sales in Miami, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of The Alpha Commercial Advisors LLC
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$2,590,000
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Listed by Jamie Maniscalco, The Alpha Commercial Advisors LLC
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Recent Sales
Recently sold homes in ZIP 33138
These are the last 6 recorded closings in ZIP 33138, with the price each home actually sold for rather than what it was listed at. They closed at a median of $675 per square foot. The most recent closed on October 13, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$1,400,000
Sold · October 13, 2026
1010 NE 105th Street
2 bed · 2 bath · 1,821 sqft · $769/sqft
$400,000 under the asking price
Sold$285,000
Sold · October 12, 2026
680 NE 64th Street A110
1 bed · 1 bath · 741 sqft · $385/sqft
$14,500 under the asking price
Sold$665,000
Sold · October 9, 2026
430 NE 75th Street
0 bed · 0 bath · 2,273 sqft · $293/sqft
$134,000 under the asking price
Sold$1,099,000
Sold · October 9, 2026
10650 NE 11th Court
3 bed · 2 bath · 1,629 sqft · $675/sqft
Sold$740,000
Sold · October 7, 2026
7640 NE 3rd Place
0 bed · 0 bath
$59,500 under the asking price
Sold$4,080,000
Sold · October 5, 2026
1001 NE 96th Street
5 bed · 4 bath · 3,955 sqft · $1,032/sqft
$319,000 under the asking price
See every recorded sale in ZIP 33138 or find out what your ZIP 33138 home is worth.
