Renovated Duplex in Little
For Sale
$1,150,000
256 NW 57th St, Miami, FL 33127
Renovated duplex with strong STR income and redevelopment potential.
Property Size1,600 SF
Days on Market269
Property Features for 256 NW 57th St
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$12,367
Building Details
Building Size
1,600 SF
Year Built
1971
Stories
1
Listing Agency:
(786) 972-8282
Listed By:
Patricia Pappaterra
(786) 972-8282
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 20
Last Checked: Aug 23 at 5:32AM
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 Patricia Pappaterra
Investment Insights
Based on property information with market context.
This renovated duplex presents an investment opportunity in Miami's Little Haiti corridor. The property features 3 updated units with modern finishes and impact windows. It includes 2 electric meters and a landscaped yard with a pool area. The property has generated $150,134 in 2024 annual gross income, reflecting a 6.87% CAP rate based on the current asking price. The T3-O zoning allows for potential multifamily development of up to 29 units. The property is positioned to benefit from ongoing revitalization and its proximity to Wynwood, the Design District, and Midtown. It is currently used for short-term rentals.
Key Highlights
- High Gross Annual Income: $150,134 in 2024
- Strong CAP Rate: 6.87% based on current asking price
- Redevelopment Potential: T3‑O zoning allows for potential multifamily development up to 29 units
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,066
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated duplex with strong STR income and redevelopment potential.
Where is this duplex located?
The property is located at 256 NW 57th St Miami, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: High Gross Annual Income: $150,134 in 2024; Strong CAP Rate: 6.87% based on current asking price; Redevelopment Potential: T3‑O zoning allows for potential multifamily development up to 29 units
