8-Unit Multifamily
570 NE 68th St Miami, FL 33138
For Sale
Contact for pricing
Zoned T5-L for short-term rentals by right; well-suited 8-unit building on a 7,200 sf lot.
Property Size3,796 SF
Lot Size0.17 Acres
Days on Market107
Property Features for 570 NE 68th St
General Information
Standard status
Active
Size
3,796 SF
Lot size
0.17 Acres
Property subtype
Multifamily
Listing Agency:
RE/MAX 5 Star Realty
(954) 453-1000
Listed By:
John DeMarco · License #BK3134747
Source:
Crexi
Added: Apr 12
Changed: Jul 23
Last Checked: Jul 23 at 5:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX 5 Star Realty
Investment Insights
Based on property information with market context.
This 8-unit multifamily property offers 3,796 leasable SF set on a large 7,200 sf lot. The building is zoned T5-L, which allows short-term rentals by right, providing an ownership structure aligned with vacation-rental operations.
Located in Miami’s Upper East Side district near Biscayne Blvd, the property is only a few minutes from Miami Beach.
Based on the seller’s vacation-rental assumptions, the property is projected to generate more than $301,440 in annual gross income, with projected net income of $249,531 at an assumed $120 per night rate and 20 days occupancy. Those projections are presented as supporting a 7.79% capitalization rate at full asking price.
Located in Miami’s Upper East Side district near Biscayne Blvd, the property is only a few minutes from Miami Beach.
Based on the seller’s vacation-rental assumptions, the property is projected to generate more than $301,440 in annual gross income, with projected net income of $249,531 at an assumed $120 per night rate and 20 days occupancy. Those projections are presented as supporting a 7.79% capitalization rate at full asking price.
Key Highlights
- 8‑unit multifamily building with 3,796 leasable SF on a 7,200 SF lot
- Zoned T5‑L, which allows short‑term rentals by right
- Projected to generate over $301,440 annual gross income as a vacation rental
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Zoned T5-L for short-term rentals by right; well-suited 8-unit building on a 7,200 sf lot.
Where is this apartment building located?
The property is located at 570 NE 68th St Miami, FL.
What are key features of this property?
This property features: 8‑unit multifamily building with 3,796 leasable SF on a 7,200 SF lot; Zoned T5‑L, which allows short‑term rentals by right; Projected to generate over $301,440 annual gross income as a vacation rental
