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571 NE 67th St, Miami FL 33138

Multi-family For Sale
$1,549,000

BTC: 18.48117879

ETH: 584.52830189

166 days
0 room(s)
2,262 sqft

Overview

Rare opportunity to acquire a fully occupied income producing property -fourplex- with flexible T5-L mixed zoning, multiple rental strategies, and included redevelopment plans in the heart of Miami's thriving MiMo District. Currently generating $95,040 in annual gross rental income, this property offers immediate cash flow while providing exceptional long-term upside through its highly desirable T5-L zoning. The property features a desirable unit mix consisting of one 2bedroom/2bathroom unit, two 1bedroom/1bath units, and one studio apartment, creating diversified rental income and broad tenant appeal. Situated on a 7,150 SF lot, this is far more than a traditional multifamily investment. The property's flexible mixed-use zoning supports multiple investment strategies, allowing an owner to continue operating as a successful long-term rental property, explore furnished or seasonal rental opportunities, pursue short-term rental uses, or incorporate compatible commercial and professional uses. For developers and value-add investors, the opportunity is even greater. The sale includes previously approved plans for a six-unit live/work multifamily building, offering valuable head start by potentially reducing entitlement timelines and accelerating the redevelopment process. This property uniquely combines cash flow today, exceptional zoning flexibility, and significant development potential in one of Miami's fastest-growing neighborhoods

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1957
Lot:
No Data
Heating:
Electric
Price/sqft:
$685
Cooling:
Ceiling Fan(s) / Wall/Window Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$800,000
$360K – $1.5M
Confidence Low
List vs. estimate
$749K above estimate
List $1,549,000 · +93.6%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$684
+56.7% vs. city median $437
Based on
21 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
$17,000
2025
Parking
6 spaces
All facts and features
  • Flooring

    • Tile

    Heating

    • Electric

    Cooling

    • Ceiling Fan(s)

    • Wall/Window Unit(s)

  • Other Property Information

    • Parcel Number: 01-32-18-023-0660

    • Zoning: 6107

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Other financial information

    • Annual tax amount: $17,000

  • Source details

    • MLS ID: A12003041

    Other facts

    • Construction Materials: Concrete Block Construction

    • Lot Features: Less Than 1/4 Acre Lot / Regular Lot / West Of US 1

    • Patio And Porch Features: Patio

    • Window Features: Blinds

    • Other Structures: Extra Building/Shed

    • Living Area: 2262

    • Water Source: Municipal Water

    • Subdivision Name: MORNINGSIDE AMD

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: Green Wave Realty Group Corp