167 NW 38th St, Miami FL 33127

Closed

$2,497,000

Est. Payment $13,290/mo

MLS Sheet

1925

Year Built

Stories

Days on Market

Description

167 NW 38th St. is a beautifully remodeled, gated 8-Unit property adjacent to the Miami Design District and just 10 minutes by car to the Miami International Airport and to the Beach. The property has undergone a complete gut renovation over the past 2 years. All permits have been finalized and closed. 40-year recertification in 2020. Certificate of Occupancy in 2021. The property is currently being marketed vacant for use as a short-term income-producing property, but with its T4-O commercial zoning, it has many other uses By Right including multifamily, bed and breakfast, Inn, offices, and much more.

Facts

MLS#: A11078031
Subdivision: —
Property Type: Commercial Sale
Property Sub Type: Income/MultiFamily
Year Built: 1925
Lot Size: 4,792 ft²
Sq. Ft.: —
Sq. Mt.: —
Price per sq. ft.: —
Price per sq. mt.: —
Stories: 2
Garage: —
Pool: —
Days on Market: —
Listed: Jul 28, 2021
Last Updated: Aug 20, 2021
Price/Lot Sq.Ft.: $521/ft²

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Market insights for Miami

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

May 2026

100/100

Buyers marketSellers market

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

8/20/2021	Sold	$2,497,000
7/28/2021	Listed for sale	$2,497,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

167 NW 38th St, Miami FL 33127Directions

GreatSchools Summary Ratings

Public + private K-12 schools within 5 miles of this listing.

Brilliant Beginning Learning Center
PK,TK,KG · private · 0.3 mi
Everglades Preparatory Academy High School
9,10,11,12 · charter · 0.3 mi
Everglades Preparatory Academy
6,7,8 · charter · 0.3 mi
Decroly Learning Child Care Center
PK,KG · private · 0.5 mi
Center For International Education A Cambridge Associate School
9,10,11,12 · public · 0.5 mi
Campbell Drive K-8 Center
PK,KG,1,2,3,4,5,6,7,8 · public · 0.7 mi
Kinderkids Learning Center and Preschool II
PK,KG,1,2,3 · private · 0.8 mi
Princeton Christian School
PK,KG · private · 0.8 mi
Chambers High School
6,7,8,9,10,11,12 · charter · 0.9 mi
Hope Academy
1,2,3,4,5,6,7,8,9,10,11,12 · private · 0.9 mi

Estimated Monthly Payment

$15,521/mo

Principal & Interest

$13,290

Property Tax

$2,081

Insurance

$150

HOA

Down Payment20% ($499,400)

Interest Rate7.00%

Loan Term30 years

Property Tax Rate1.00% (FL avg ~1.0%)

HOA / Maintenance$0/mo

Insurance$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Sales Associate | Sunland Group

(954) 833-0020 info@rangelyadames.com

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