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53 NE 56th St, Miami FL 33137

Multi-family For Sale
$1,290,000

BTC: 16.02484472

ETH: 524.39024390

-$25K (2026/09/29)
20 days
0 room(s)
2,486 sqft

Overview

Turnkey fourplex investment opportunity, fully rented with in-place income and a newly completed 2026 renovation in Miami’s Little Haiti / Buena Vista / Design District corridor. The property features four 1-bedroom/1-bathroom units, four parking spaces, and a straightforward operating profile supported by recent and substantial capital improvements. The property consists of approx. 2,486 SF of building area on a 5,750 SF lot, with T4-R zoning, Flood Zone X designation, and completed 40-year recertification per available records. Ownership has completed a substantial renovation program with high-quality upgrades and significant capital investment, including HVAC systems, plumbing, electrical, complete unit interiors, flooring, kitchens, bathrooms, appliances, laundry facilities, impact windows and doors, fencing, and exterior areas. This level of capital investment helps reduce near-term capital needs and CapEx exposure for the next owner. Strategic infill location near Buena Vista, the Design District, Midtown, Wynwood, Biscayne Blvd, the Upper East Side, Downtown Miami, and major employment/lifestyle destinations. Attractive turnkey opportunity for investors seeking Miami residential income, manageable operations, long-term neighborhood upside, and potential future development or expansion optionality.

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1954
Lot:
No Data
Heating:
Central
Price/sqft:
$519
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$750,000
$547K – $1.1M
Confidence Low
List vs. estimate
$540K above estimate
List $1,290,000 · +72.0%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$518
+18.9% vs. city median $436
Based on
24 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $595K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$10,925
2025
Parking
4 spaces
All facts and features
  • Flooring

    • Ceramic Floor

    Heating

    • Central

    Cooling

    • Central Air

  • Other Property Information

    • Parcel Number: 01-31-13-035-0030

    • Zoning: 3900

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Other financial information

    • Annual tax amount: $10,925

  • Source details

    • MLS ID: A12090011

    Other facts

    • Construction Materials: CBS Construction

    • Lot Features: Less Than 1/4 Acre Lot

    • Patio And Porch Features: Patio

    • Window Features: Clear Impact Glass / High Impact Windows / Impact Glass / Thermal Windows

    • Living Area: 2486

    • Water Source: Municipal Water

    • Subdivision Name: 54 ST BUS CENTER SUB

Private inquiry
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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: Pack Real Estate Advisors LLC