For sale

Price cut: $70K (11/6)

$1,195,000

701 NW 1st St, Miami, FL 33128

8beds

4baths

3,510sqft

Est.:

Triplex

Built in 1925

-- sqft lot

$-- Zestimate^®

$340/sqft

$-- HOA

What's special

Recently approved for its 50-year recertification, this building provides peace of mind with no required inspections for the next 10 years. Excellent investment opportunity! This fully occupied 4-unit multifamily property offers immediate cash flow with significant upside potential. Each unit is well-maintained and tenant-occupied. This property offers strong potential for future rental increases. Whether you're looking to expand your portfolio or secure a stable, income-producing asset in a growing area, this property is a must-see.

165 days

174

13

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4

Heating

Electric, Window/Wall

Cooling

Electric, Wall/Window Unit(s)

Features

Flooring: Tile

Interior area

Total structure area: 3,510
Total interior livable area: 3,510 sqft

Video & virtual tour

View virtual tour

Property

Features

Stories: 2

Lot

Features: Less Than 1/4 Acre Lot

Details

Parcel number: 0102000701240
Zoning: 4601

Construction

Type & style

Home type: MultiFamily
Architectural style: Old Spanish
Property subtype: Triplex

Materials

Concrete Block Construction
Roof: Flat Roof With Facade Front

Condition

Year built: 1925

Utilities & green energy

Sewer: Public Sewer
Water: Municipal Water

Community & HOA

Community

Subdivision: City Of Miami South

HOA

Has HOA: No

Location

Region: Miami

Financial & listing details

Price per square foot: $340/sqft
Tax assessed value: $816,585
Annual tax amount: $13,809
Date on market: 7/2/2025
Listing terms: All Cash,Conventional

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
11/6/2025	Price change	$1,195,000-5.5%$340/sqft
Source: MIAMI #A11833174 Report a problem
7/2/2025	Price change	$1,265,000-0.8%$360/sqft
Source: MIAMI #A11833174 Report a problem
5/21/2025	Price change	$1,275,000-3.8%$363/sqft
Source: MIAMI #A11716299 Report a problem
1/13/2025	Price change	$1,325,000-1.5%$377/sqft
Source: MIAMI #A11716299 Report a problem
1/2/2025	Listed for sale	$1,345,000+1.9%$383/sqft
Source: MIAMI #A11716299 Report a problem