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473 NE 61st St, Miami FL 33137

Multi-family For Sale
$850,000

BTC: 12.97709924

ETH: 472.22222222

113 days
0 room(s)
1,520 sqft

Overview

Located at 473 NE 61st St, this 5-bedroom, 2-bathroom property is strategically positioned in the heart of one of Miami's most aggressive development frontiers. This submarket, bridging the Upper East Side and the Little River/Magic City Innovation District, is currently seeing a massive influx of capital, with new mixed-use projects and commercial revitalization driving a sharp upward trend in land values. For an investor, this means the asset is not just an income-producer, but a prime candidate for significant long-term capital appreciation. The property currently operates as a high-performing Airbnb, generating a proven Net Operating Income (NOI) of $66,268.00. Configured as a spacious single-family residence to maximize average daily rates (ADR) and guest capacity, the property also retains its status as a legal duplex. With T4-R zoning, the investor has the built-in flexibility to either maintain the high-yield short-term rental model or convert the asset back into a multi-unit configuration to capitalize on the area's soaring long-term rental demand. The 4,992 sq. ft. lot and upgraded amenities, including a private hot tub, provide a turnkey, stabilized vehicle in a neighborhood rapidly transitioning into a premier urban destination.

Location

Florida • Miami • 33137 • Multi-family • For Sale

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1925
Lot:
No Data
Heating:
Central
Price/sqft:
$559
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$510,000
$343K – $961K
Confidence Low
List vs. estimate
$340K above estimate
List $850,000 · +66.7%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$559
+30.3% vs. city median $429
Based on
27 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $1.0M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$10,172
2025
Pool
Above Ground
Parking
4 spaces
All facts and features

  • Heating

    • Central

    Cooling

    • Central Air

  • Other Property Information

    • Parcel Number: 01-32-18-030-0220

    • Zoning: 3900

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Other financial information

    • Annual tax amount: $10,172

  • Source details

    • MLS ID: A11961470

    Other facts

    • Construction Materials: Concrete Block Construction

    • Lot Features: Less Than 1/4 Acre Lot

    • Pool Features: Above Ground

    • Architectural Style: Attached

    • Living Area: 1520

    • Subdivision Name: LEMON CITY WHITES

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
33137
624
median $829K
Active
Same city
Miami
12,004
median $650K
Active
Same type
Multi-family
498
median $992K
Active
Similar price
$595K – $1.1M
3,229
median $750K
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: Fausto Commercial Realty Consultants Inc