Updated Duplex With Two Leased
259 NE 56th St Miami, FL 33137
259 NE 56th St, Miami, FL, 33137
$699,999
For Sale
$699,999
MULTI_FAMILY - Miami, FL
Property Size1,511 SF
Price / SF$463.27
Days on Market44
Property Features for 259 NE 56th St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Rooms
- Bathroom 2, Bedroom 4, Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 3, Bathroom 4, Bedroom 3
- Parking
- 2
- Standard status
- Active
- APN
- 01-31-13-065-1110
- Size
- 1,511 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- DIXIE HIGHWAY TR PB 5-24 LOT 21 BLK 8 LOT SIZE 50.000 X 100 OR 10036-0056 0478 1
- Tax Annual Amount
- 3385
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
Building Details
- Year built
- 1946
- Floors in Building
- 1
- Building materials
- Block
Listing agency
Optimar International Realty
(305) 947-0477
Listed by
Christopher Powell · License #3279561
(305) 615-0035
Added: Jun 9 Updated: Jul 18 at 1:42AM Checked: Jul 22 at 9:06AM
MLS# A12033314
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully updated duplex includes two income-producing units with separate layouts. One unit is a spacious 3-bedroom, 3-bath configuration, while the second unit offers a 1-bedroom, 1-bath plan. Both units are currently leased, and the property is described as thoughtfully renovated for a turnkey ownership experience.
The duplex is located in the Little Haiti area of Miami, Florida, within Miami-Dade County. The address is 259 NE 56th St, Miami, FL 33137.
For buyers seeking a straightforward residential income setup, the property’s two-unit structure and current lease status may support an operator looking for an occupied arrangement from day one. The rent includes utilities per the remarks, which can be an attractive feature for tenants and a practical consideration for buyers underwriting unit economics. As presented, this is a duplex that has been updated and configured around two rentable floorplans: a larger 3-bedroom, 3-bath unit and a separate 1-bedroom, 1-bath unit.
The duplex is located in the Little Haiti area of Miami, Florida, within Miami-Dade County. The address is 259 NE 56th St, Miami, FL 33137.
For buyers seeking a straightforward residential income setup, the property’s two-unit structure and current lease status may support an operator looking for an occupied arrangement from day one. The rent includes utilities per the remarks, which can be an attractive feature for tenants and a practical consideration for buyers underwriting unit economics. As presented, this is a duplex that has been updated and configured around two rentable floorplans: a larger 3-bedroom, 3-bath unit and a separate 1-bedroom, 1-bath unit.
Key Highlights
- Fully updated duplex with two income‑producing units in Miami’s Little Haiti neighborhood
- Unit mix: one 3‑bedroom/3‑bath unit and one 1‑bedroom/1‑bath unit
- Both units are currently leased
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.2k | $30.60 |
| − Vacancy | −$2.9k | −$1.95 |
| EGI | $43.3k | $28.65 |
| − OpEx | −$13.0k | −$8.60 |
| NOI | $30.3k | $20.06 |
1,511 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$432.9K
$378.8K – $505.1K
NOI $30,304 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$398.8K
$348.9K – $465.2K
NOI $27,913 @ 7.0% cap · market cap 3.99%
Theoretical Best
Specialty Retail
$1.02M
$892.4K – $1.19M
NOI $71,395 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mays Import & Export ...
Logistics Company
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FAQs
What type of property is this?
Duplex - Fully updated duplex with two distinct leased units, including utilities in the rent for tenant convenience.
Where is this duplex located?
The property is located at 259 NE 56th St Miami, FL.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: Fully updated duplex with two income‑producing units in Miami’s Little Haiti neighborhood; Unit mix: one 3‑bedroom/3‑bath unit and one 1‑bedroom/1‑bath unit; Both units are currently leased
