1157 NW 1st St, Miami FL 33128

Closed

$1,500,000

Est. Payment $7,984/mo

MLS Sheet Video

1925

Year Built

Days on Market

Description

Prime Value-Add Opportunity in the heart of Miami, 1157 NW 1st St & 12th Ave offers a 15-unit vacant property at shell value, ideal for investors seeking upside in one of Miami’s fastest-growing corridors. Just a block from W Flagler, minutes from the Miami River and Marlins Park, the site sits at the center of redevelopment. Originally 11 units, approved plans expand to 12 one-bedrooms + 3 studios with a new 3rd floor. Zoned T6-12-O, it allows operational flexibility—perfect for co-living or motel/short-term rental concepts. Its strategic location provides direct access to Flagler’s retail corridor, Downtown, 836 HWY, and I-95. Easy to show, call listing agent.

Facts

MLS#: A11865663
Subdivision: —
Property Type: Commercial Sale
Property Sub Type: Income/MultiFamily
Year Built: 1925
Lot Size: 5,000 ft²
Sq. Ft.: —
Sq. Mt.: —
Price per sq. ft.: —
Price per sq. mt.: —
Stories: —
Garage: —
Pool: —
Days on Market: 52 days
Listed: Aug 26, 2025
Last Updated: Jan 21, 2026
Price/Lot Sq.Ft.: $300/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).

1/21/2026	Sold	$1,500,000
8/26/2025	Listed for sale	$1,500,000

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

Location

1157 NW 1st St, Miami FL 33128Directions

GreatSchools Summary Ratings

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

Cardinal Gibbons High School
9,10,11,12 · private · 0.9 mi
Oxford Academy
UG · private · 1.1 mi
Christ Church School
PK,KG,1,2,3,4,5 · private · 1.1 mi
Shepherd Of The Coast
KG,1,2,3,4,5,6,7,8 · private · 1.4 mi
Oakland Park Elementary School
PK,KG,1,2,3,4,5 · public · 1.6 mi
Lighthouse Christian Academy
2,3,4,5,6,7,8,9,10,11,12 · private · 1.6 mi
Westminster Academy
PK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 1.7 mi
Floranada Elementary School
PK,KG,1,2,3,4,5 · public · 1.8 mi
Kids in Action
PK,TK,KG,1,2,3 · private · 1.8 mi
St. Mark's Episcopal School
PK,KG,1,2,3,4,5,6,7,8 · private · 1.8 mi

Estimated Monthly Payment

$9,384/mo

Principal & Interest

$7,984

Property Tax

$1,250

Insurance

$150

HOA

Down Payment20% ($300,000)

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

Hablo Español

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