473 Northeast 61st Street Miami, FL 33137
High-performing Airbnb in a rapidly developing Miami neighborhood.
Property Features for 473 Northeast 61st Street
General Information
- Standard status
- Active
- Size
- 1,520 SF
- Lot size
- 4.99 Acres
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1925
Listing office Fausto Commercial Realty Consultants Inc (786) 748-7373
Listing date Jan 14, 2026
Source Compass
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 Fausto Commercial Realty Consultants Inc
Investment Insights
Based on property information with market context.
Key Highlights
- Prime location in a rapidly developing Miami submarket.
- Proven high‑performing Airbnb with a Net Operating Income (NOI) of $66,268.00.
- T4‑R zoning provides flexibility to continue short‑term rentals or convert to a multi‑unit configuration.
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 | $46.5k | $30.60 |
| − Vacancy | −$3.0k | −$1.95 |
| EGI | $43.5k | $28.65 |
| − OpEx | −$13.1k | −$8.60 |
| NOI | $30.5k | $20.06 |
