256 NW 57th Street, Miami, FL 33127

Listing Snapshot

Price

$1,150,000

Days on Site

219 Days

Bedrooms

0

Total Baths

0

Living Area

1,600 sqft

Total Sq Ft

1,716 sqft

Year Built

1971

Property Type

Multi-Family

MLS #

A11906273

Property Tax

$12,367 (2024)

Subdivision

RAILROAD SHOPS INTER SCHO

County

Miami Dade

Status

Active

About This Property

Exceptional investment opportunity in the heart of Miami’s emerging Little Haiti corridor! This renovated duplexcombines strong STR income performance with long-term redevelopment potential as T3-O zoning. Potentialmultifamily 2–9 units. Featuring 3 beautifully updated units, modern finishes, impact windows, 2 electric meters,and a newly landscaped yard with pool area, this property has delivered an impressive $150,134 in 2024 annual gross income and a great CAP Rate above 6%. Enjoy consistent bookings from short-term rentals while benefiting from revitalization and proximity to Wynwood, the Design District, and Midtown. An ideal turn-key asset for investors seeking cash flow + appreciation upside in one of Miami’s fastest-transformingneighborhoods.

General Features

Property Type

Multi-Family

Status

Active

Year Built

1971

Property Condition

Resale / Updated Remodeled

Number of Stories

1

Living Sq Ft

1,600

Total Sq Ft

1,716

Structure Type

Duplex

Sewer

Public Sewer

Water Source

Public

Zoning

5700

Interior Features

Cooling

Central Air

Heating

Electric / Separate Meters

Flooring

Terrazzo

Exterior Features

Construction

Block

Roof

Other

Private Pool

Yes

Pool Features

In Ground

Community & HOA

Utilities

Cable Not Available

Financing Terms

Cash / Conventional / FHA / Va Loan

MLS Area

2310

Schools

Middle School

Jose De Diego

High School

Miami Edison

Features & Amenities