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571 NE 67th St, Miami FL 33138

Multi-family For Sale
$1,549,000

BTC: 23.64885496

ETH: 860.55555556

42 days
0 room(s)
2,262 sqft

Overview

Fourplex with T5L Zoning + Previously Approved 6 Unit Development Plans in Miami's MiMo District. Exceptional investment opportunity in the heart of Miami's rapidly evolving MiMo District. This 4-unit multifamily property sits on a 7,200 SF lot and offers a unique combination of immediate income, value-add potential, and future development upside. The property features a desirable unit mix including a 2-bedroom, two 1-bedrooms units, and a studio, with three units currently leased and one vacant-providing immediate opportunity to increase income or reposition for short-term rentals. Zoned T5L, the property allows for flexible urban development, including short-term rentals (Airbnb), and comes with previously approved plans for a 6-unit live/work multifamily building, significantly reducing entitlement timelines for developers. Located just steps from Biscayne Boulevard and within close proximity to the Design District, Wynwood, and Midtown, the property is surrounded by major new developments including Adela at MiMo Bay, Adela II, and 01 MiMo Condominiums - further enhancing long-term value and demand. Whether you're an investor seeking strong income with upside, or a developer looking for a well-positioned site in a high-growth corridor, this property offers multiple paths to value creation.

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
$825,000
$356K – $1.3M
Confidence Low
List vs. estimate
$724K above estimate
List $1,549,000 · +87.8%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$684
+59.6% vs. city median $429
Based on
18 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $812K
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