Commercial Sale · Income/MultiFamily
8270 NE 1st Pl, Miami FL 33138, MIAMI, FL, 33138
Active271 days on marketListed Nov 20, 2025MLS #A11917999
About this property
The property at a glance
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 future redevelopment and long-term value momentum.
3,271
Building sq ft
$792
Price / sq ft
12,750
Lot sq ft
1941
Year built
6101
Zoning
Income/MultiFamily
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$13,004/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. 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.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Krystina to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
29,864
Population
$49,597
Median income
38
Median age
3
Avg household
$568,827
Median home value
$1,296/mo
Median rent
3,355
Households w/ kids
Consumer profile
The party don't stop until the sun comes up. Loud music, crowds, and shots are a recipe for a great night out for these people.
Driven to succeed in the business world, this population seeks to progress in their career through networking happy hours, summits, and connecting with other professionals online.
Galleries, city murals, and skillful latte art gets this population excited. They're always on the lookout for creative expression.
Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.
Seeking peace and well-being through meditation, gratitude and spirituality.
You can find these people researching an upcoming exhibit at the natural history museum or learning about a famous monument. This population enjoys learning about the past.
Recent sales
What actually sold near 8270 NE 1st Pl
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$1,050,000
1751 NW 29th St, Miami FL 33142
Sold Aug 19, 2024
$895,000
7525 NE Miami Ct, Miami FL 33138
Sold Sep 5, 2024
$852,000
60 NW 77th St, Miami FL 33150
Sold Oct 15, 2024
Your team
The pros in your corner
Your agent
Krystina Allen
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 8270 NE 1st Pl — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 8270 NE 1st Pl.
See it in person
Schedule a tour
Live availability from Krystina's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of The Alpha Commercial Advisors LLC · Jamie Maniscalco. MLS #A11917999.
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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