1238 SW 4th St, Miami FL 33135, MIAMI, FL, 33135
Active395 days on marketListed Jul 15, 2025MLS #A11841234
About this home
1238 SW 4th St, Miami FL 33135
Investor’s Dream! Multifamily property featuring 8 fully rented units in the heart of Little Havana, just steps from the iconic Calle Ocho, and minutes from Brickell, Downtown, and the Health District. This income-producing asset offers strong cash flow with long-term tenants, additional laundry income, impact windows, and a new roof. Prime walkable location with consistent rental demand—don’t miss this rare opportunity! T5-0 zoning in Miami establishes a dynamic, mixed-use environment optimized for walkable urban communities, allowing a wide range of uses by right—including residential, commercial, entertainment, and lodging.
Facts & features
The home at a glance
1923
Year built
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$12,416 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$12,416/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Where it sits
Inside Little Havana
Get to know Miami. See the full Miami guide →
Little Havana — neighborhood snapshot
Population
54,255
Median age
44
Median income
$39,361
Median home value
$454,868
Avg household
2
Households w/ children
5,256
For the school run
Dade County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Miami market
$508K → $590K
Miami median sold, yr/yr
97.6%
Sale-to-list ratio (12 mo)
Median sold price, Miami, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 618% above the MIAMI 33135 median. See the full Miami market guide →
Paper trail
This home's history
Reality check
What actually sold near 1238 SW 4th St
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Dec ’25$1,512,500
1387 SW 22nd Ter, Miami FL 33145
3 bd · 3.5 ba · 28 DOM
Sold · Sep ’25$1,505,000
1389 SW 22nd Ter, Miami FL 33145
3 bd · 3.5 ba · 100 DOM
Sold · Jun ’26$217,500
2150 SW 16th Ave # 108, Miami FL 33145
1 bd · 1 ba · 694 sqft · $313/sqft · 56 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Kamilla Pagotto
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 1238 SW 4th St — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 1238 SW 4th St — before you fall in love.
See it in person
Schedule a tour
Live availability from Kamilla's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
1238 SW 4th St FAQs
What would the monthly payment be for 1238 SW 4th St, Miami FL 33135?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $12,416/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 1238 SW 4th St, Miami FL 33135?+
The most recent tax bill on record (2024) was $18,954. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Miami?+
At $1,850,000, this home is listed about 203% above the Miami median of $610,000. The market section on this page shows how the area is trending.
Which schools are assigned to 1238 SW 4th St, Miami FL 33135?+
Riverside Elementary School (elementary), Booker T. Washington Senior High (high), District Instructional Center (Dic) (), Jose De Diego Middle School (middle), Instructional Center System Wide (), Title I Migrant Education Program () — Dade County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Positioned at the premium end
$1,850,000 runs 618% above the MIAMI 33135 median.
02Time on market is leverage
395 days on market against a Miami median of 66 — sellers in this position are usually ready to negotiate.
03The price has already moved
Listed at $1,989,900, now $1,850,000 — a $140K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of Ugarit Realty · Domingo Hernandez. MLS #A11841234.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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