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167 NW 38th St, Miami FL 33127

Commercial Recently Sold
$2,497,000

BTC: 39.01562500

ETH: 1,430.12600229

Sold on: 2021-08-18
New
0 room(s)

Overview

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.

Location

Florida • Miami • 33127 • Commercial • Recently Sold

Details

Type:
Commercial Sale
Parking:
On Street
Year Built:
1925
Lot:
0.11 Acres
Heating:
Wall/Window Units
Price/sqft:
No Data
Cooling:
Wall/Window Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,700,000
$959K – $3.0M
Confidence Low
List vs. estimate
$797K above estimate
List $2,497,000 · +46.9%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
9 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $820K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$13,518
All facts and features

  • Flooring

    • Tile

    • Vinyl

    Heating

    • Wall/Window Units

    Cooling

    • Wall/Window Unit(s)

  • Parking

    • On Street

    Lot

    • Lot: 0.11 Acres

    Other Property Information

    • Parcel Number: 01-31-24-021-0890

    • Zoning: 4801

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Income/MultiFamily

  • Green energy

    • Appliances

    • HVAC

    • Insulation

    • Lighting

    • Roof

    • Water Heater

  • Other financial information

    • Annual tax amount: $13,518

  • Source details

    • MLS ID: A11078031

    Other facts

    • Construction Materials: Insulated / Sheet Rock

    • Water Source: Public

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33127
271
median $1.2M
Active
Same city
Miami
12,162
median $650K
Active
Same type
Commercial
1,157
median $1.3M
Active
Similar price
$1.7M – $3.2M
1,045
median $2.3M
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Miami 1 Realty, LLC