Home » Properties » 1238 SW 4th St, Miami FL 33135

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1238 SW 4th St, Miami FL 33135 - Multifamily Quadruplex

Investor’s multifamily property with 8 rented units in Little Havana near Calle Ocho, Brickell, and Downtown Miami.

$1,850,000

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MLS #A11841234

Listing Updated: 2026-07-13 18:35:28

Listed By: Ugarit Realty

Overview

This multifamily quadruplex at 1238 SW 4th St in Miami offers a rare opportunity in the vibrant Little Havana neighborhood. Built in 1923, the property features 8 fully rented units, providing steady cash flow with long-term tenants. Additional income is generated from laundry facilities. The building benefits from impact windows and a new roof, ensuring durability and tenant comfort. Located steps from the iconic Calle Ocho and minutes from Brickell, Downtown, and the Health District, this property enjoys a prime walkable location with consistent rental demand. Zoned T5-0, it supports a dynamic mixed-use environment suitable for residential and commercial purposes, appealing to a diverse tenant base.

Property Highlights

8 fully rented units, located in Little Havana, near Calle Ocho, Brickell, and Downtown Miami, impact windows, new roof, laundry income, T5-0 zoning.

Property Details

City: Miami

State: FL

Zip Code: 33135

Address: 1238 SW 4th St, Miami FL 33135

Year Built: 1923

Property Type: Residential Income

Property Sub Type: Quadruplex

Listing Office Name: Ugarit Realty

County: Miami-Dade County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $18,954

Days On Market: 319 Days

Original Listing Description

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.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

1238 SW 4th St, Miami FL 33135

About This Neighborhood

Little Havana is a culturally rich neighborhood known for its vibrant Cuban heritage and lively street life. The property’s location near Calle Ocho places it at the heart of this dynamic community, with easy access to local restaurants, shops, and cultural venues. Its proximity to Brickell and Downtown Miami adds convenience for residents seeking urban amenities and employment centers. Little Havana’s walkable streets and active community events make it a desirable location for renters looking for an authentic Miami experience.

Walkability & Lifestyle

This property benefits from a prime walkable location in Little Havana, with easy access to the famous Calle Ocho corridor featuring restaurants, cafes, and shops. Residents can enjoy nearby parks, cultural venues, and public transportation options. The walkability extends to essential services and entertainment, making daily life convenient without reliance on a vehicle. The vibrant street life and community events add to the neighborhood’s appeal for those valuing urban living.

Things To Do Nearby

Little Havana offers a rich variety of activities including dining at authentic Cuban restaurants, visiting art galleries, and enjoying live music and festivals along Calle Ocho. The proximity to Miami’s waterfront areas provides opportunities for boating and outdoor recreation. Nearby Brickell and Downtown Miami expand options for nightlife, shopping, and cultural attractions. Golf courses and marinas are also accessible within a short drive, catering to diverse lifestyle preferences.

Nearby Schools

Residents in the Little Havana area have access to a variety of public and private schools within a reasonable distance. The neighborhood’s urban setting provides convenient transportation options for families and students. While specific school names are not listed, the area is served by Miami-Dade County Public Schools, offering educational opportunities ranging from elementary to high school levels. Proximity to cultural institutions also enhances educational experiences for residents.

Why Buyers Like This Area

Buyers appreciate this property for its location in the culturally vibrant Little Havana neighborhood, close to major Miami districts like Brickell and Downtown. The walkable environment, long-term tenants, and mixed-use zoning add to its appeal. The combination of steady rental income and proximity to urban amenities makes it attractive for investors and those seeking a multifamily asset in a sought-after area. The property’s features, including impact windows and a new roof, provide added value and tenant comfort.

Investment Potential

This multifamily property in Little Havana offers a stable income stream with 8 fully rented units and additional laundry income. Its prime location near Calle Ocho and proximity to Brickell and Downtown Miami attract long-term tenants, supporting consistent occupancy. The T5-0 zoning allows mixed-use potential, enhancing future versatility. Investors seeking a property with strong rental appeal in a walkable urban neighborhood will find this asset promising for maintaining steady cash flow.

Market Trends

The Miami real estate market in Little Havana shows steady demand for multifamily properties due to its central location and cultural appeal. The area attracts renters seeking affordable urban living with convenient access to major business districts. Inventory for income-producing properties remains competitive, and properties with long-term tenants and updated features like impact windows and new roofs are particularly appealing. This market continues to draw interest from investors focused on sustainable rental income in walkable neighborhoods.

Rental Income Potential

With 8 units fully rented and additional income from laundry facilities, this property generates consistent cash flow. The location in Little Havana ensures strong tenant interest due to its proximity to Calle Ocho and major employment hubs like Brickell and Downtown. Seasonal demand and the walkable urban environment further support rental appeal. While rental income can fluctuate, the property’s features and location contribute to steady tenant occupancy and usability for a variety of renters.