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489 NE 62nd St, Miami FL 33138

Multi-family For Sale
$2,000,000

BTC: 25.06265664

ETH: 862.06896552

New
0 room(s)
2,140 sqft

Overview

MiMo Duplex Estate on an oversized 7,566 SF corner lot at NE 62nd St and NE 5th Ave in Miami’s Upper East Side. This 1939 Streamline two-story building offers two 2 bed / 1 bath units, fully renovated in 2018 with new HVAC, electrical, plumbing, impact windows and doors, and updated kitchens and baths. Both units are currently leased, providing income while you plan for the future. Zoned T4-R, allowing up to 6 units by right. Conceptual renderings are available for a single family estate with pool or five townhouses. Mature trees, curved architecture and a spiral staircase give it true MiMo character. Minutes from the Biscayne Blvd corridor, Morningside, the Design District and Miami Beach. Rare land and income play in one of Miami’s most desirable neighborhoods.

Location

Florida • Miami • 33138 • Multi-family • For Sale

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1939
Lot:
No Data
Heating:
Central / Other
Price/sqft:
$935
Cooling:
Other
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$749,499
$577K – $1.7M
Confidence Low
List vs. estimate
$1.3M above estimate
List $2,000,000 · +166.8%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$934
+113.6% vs. city median $437
Based on
6 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $662K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$13,223
2025
Parking
2 spaces
All facts and features

  • Flooring

    • Other

    Heating

    • Central

    • Other

    Cooling

    • Other

  • Other Property Information

    • Parcel Number: 01-32-18-024-0360

    • Zoning: 3900

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Other financial information

    • Annual tax amount: $13,223

  • Source details

    • MLS ID: A12115034

    Other facts

    • Construction Materials: CBS Construction / Other / Stucco

    • Lot Features: Less Than 1/4 Acre Lot

    • Architectural Style: Attached

    • Living Area: 2140

    • Subdivision Name: NORTH GATE

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
33138
143
median $995K
Active
Same city
Miami
6,441
median $649K
Active
Same type
Multi-family
245
median $920K
Active
Similar price
$1.4M – $2.6M
617
median $1.9M
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: Leoni Real Estate Corp.