1238 SW 4th Street, Miami, FL 33135

$1,850,000 · $399 per sq ft · Multifamily for sale

  • Property type: Multi Family
  • Asking price: $1,850,000
  • Price per sq ft: $399
  • Building size: 4,641 sq ft
  • Lot size: 7,405 sq ft
  • Zoning: 6101
  • Year built: 1923
  • Units: 7
  • Tenant pays: Electricity, Interior Electric
  • Buildings: 2
  • Parcel ID: 0141020064060
  • MLS#: A12100546
Photo 1 at 1238 SW 4th Street, MiamiPhoto 2 at 1238 SW 4th Street, MiamiPhoto 3 at 1238 SW 4th Street, MiamiPhoto 4 at 1238 SW 4th Street, MiamiPhoto 5 at 1238 SW 4th Street, MiamiPhoto 6 at 1238 SW 4th Street, MiamiPhoto 7 at 1238 SW 4th Street, MiamiPhoto 8 at 1238 SW 4th Street, Miami

About this property

8 Units 14 Beds, 9 Baths. 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.

Building Features and Utilities

Rent Roll

Unit typeUnitsBeds / bathsSizeRent per unitPro forma
4 Bedroom Or More14 / ——$500/mo—
3 Bedroom13 / ——$225/mo—
2 Bedroom12 / ——$175/mo—
2 Bedroom12 / ——$158/mo—
1 Bedroom11 / ——$150/mo—
1 Bedroom11 / ——$125/mo—
Efficiency1——$92/mo—

7 units. Reported rent $17,100 a year ($1,425 a month).

Unit types and rents as the listing reports them in the MLS. Ask the listing broker for the leases and the trailing twelve months before you rely on them.

Operating Statement

Property taxes$20,000/yr

Income and expenses as the seller entered them in the MLS, not verified. A buyer's lender underwrites from the actual statements and the property tax and insurance a new owner will pay.

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

Ugarit Realty · dhernandez@ugaritrealty.com · Listing agent: Domingo Antonio Hernandez

BeachesMLS logo All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. 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 BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.

Request a tour or more information

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to tour 1238 SW 4th Street or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.

Questions About 1238 SW 4th Street

How much is 1238 SW 4th Street?
1238 SW 4th Street is listed at $1,850,000, about $399 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.
What is 1238 SW 4th Street zoned?
The listing reports zoning of 6101. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.
How big is 1238 SW 4th Street?
The listing reports 4,641 square feet of building.
When was 1238 SW 4th Street built?
1238 SW 4th Street was built in 1923. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.
What are the property taxes on 1238 SW 4th Street?
The listing reports annual property taxes of $20,000 for 2025. Florida reassesses a non-homestead property after it sells, so budget for the new owner's bill rather than the current one.
How do I tour 1238 SW 4th Street?
Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.

More Commercial Listings Nearby

See every commercial listing in Miami or browse Florida commercial real estate.

Explore