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35 NW 57th St, Miami FL 33127

Multi-family For Sale
$580,000

BTC: 8.85496183

ETH: 322.22222222

20 days
0 room(s)
1,414 sqft

Overview

A prime investment opportunity in one of Miami’s fastest-growing neighborhoods. This income-producing property sits just minutes from Morningside, Wynwood, Edgewater, Midtown, and the Design District, placing you at the center of Miami’s top dining, art, and entertainment destinations, with quick access to major expressways and South Beach. The property is zoned Multifamily 2–9 Units (Duplex) and is currently operating as a triplex. It features three units: a 3 bed/1 bath, a 1 bed/1 bath, and an efficiency, offering immediate rental income and strong cash flow potential. The layout is ideal for investors or end-users looking to live in one unit while generating income from the others. Situated on a spacious lot with ample parking, the property offers valuable flexibility for future expansion or redevelopment. Once the 3-bedroom unit is rented, the property has the potential to achieve up to a 9% cap rate, making this an exceptional opportunity. Whether you’re building your portfolio or your future, this property delivers location, income, and upside all in one!

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1938
Lot:
No Data
Heating:
Central
Price/sqft:
$410
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$500,000
$308K – $706K
Confidence Low
List vs. estimate
$80K above estimate
List $580,000 · +16.0%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$410
-4.4% vs. city median $429
Based on
39 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $565K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$9,122
2025
Parking
4 spaces
All facts and features
  • Flooring

    • Other

    Heating

    • Central

    Cooling

    • Central Air

  • Other Property Information

    • Parcel Number: 01-31-13-060-0491

    • Zoning: 5700

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Triplex

  • Other financial information

    • Annual tax amount: $9,122

  • Source details

    • MLS ID: A12017349

    Other facts

    • Construction Materials: Frame / Frame With Stucco

    • Lot Features: Less Than 1/4 Acre Lot

    • Architectural Style: Detached

    • Living Area: 1414

    • Water Source: Municipal Water

    • Subdivision Name: BISCAYNE AVE TRACT

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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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: Coldwell Banker Realty