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718 NE 87th Street, Miami FL 33138

Multi-family For Sale
$1,265,000

BTC: 15.47873968

ETH: 514.22764228

New
0 room(s)
1,790 sqft

Overview

Exceptional investment opportunity in Miami’s desirable Shorecrest neighborhood! Situated on a 7,000 SF lot, this versatile property features two separate living spaces, offering flexibility for investors seeking rental income, multi-generational living, or an owner-occupant investment strategy. The property includes a 2-bedroom, 1-bath main residence and a detached 1-bedroom, 1-bath cottage. The main home features a remodeled interior, modern kitchen with stainless steel appliances, and impact-resistant windows. The rear cottage offers a full 1 bedroom 1 bath unit with a separate kitchen and living area, a dedicated office or den, and a walk-in closet and a laundry room. With two distinct residences on one property, this offering presents an opportunity to explore multiple rental strategies, subject to applicable zoning, permitting, and rental regulations. Ideal for investors looking to expand their portfolio or buyers seeking flexibility and long-term investment potential in Miami. Two living spaces. One valuable investment opportunity. Endless possibilities.

Location

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

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1937
Lot:
No Data
Heating:
Other
Price/sqft:
$707
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$599,500
$434K – $1.3M
Confidence Low
List vs. estimate
$665K above estimate
List $1,265,000 · +111.0%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$706
+61.4% vs. city median $437
Based on
20 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $1.1M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$13,188
2025
Parking
2 spaces
All facts and features

  • Flooring

    • Tile

    Heating

    • Other

    Cooling

    • Central Air

  • Property

    • Exterior Features: Fruit Trees

    Other Property Information

    • Parcel Number: 01-32-06-028-1111

    • Zoning: 4600

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Other financial information

    • Annual tax amount: $13,188

  • Source details

    • MLS ID: A12104485

    Other facts

    • Construction Materials: Concrete Block Construction

    • Lot Features: 1/4 To Less Than 1/2 Acre Lot

    • Patio And Porch Features: Open Porch

    • Architectural Style: Detached

    • Living Area: 1790

    • Water Source: Municipal Water

    • Subdivision Name: NO SHORE CREST

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
274
median $980K
Active
Same city
Miami
12,633
median $640K
Active
Same type
Multi-family
537
median $995K
Active
Similar price
$885K – $1.6M
2,001
median $1.1M
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: Best of Luxury Realty Corp.