MiMo-Style
New
For Sale
$2,000,000
489 NE 62nd Street, Miami, FL 33138
Two leased residences provide current rental income in a renovated, two-story property.
Property Size2,428 SF
Lot Size0.17 Acres
Price / SF$934.58
Days on Market2
Property Features for 489 NE 62nd Street
General Information
Standard status
Active
Size
2,428 SF
Total Parking Spaces
2
Lot size
0.17 Acres
Property subtype
Residential Income
Zoning
3900
Occupancy
100%
Site & Location
Neighborhood
Palm Grove
Road Access
Yes
Additional Details
Land Use
residential
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$13,223
Amenities
mature trees
spiral staircase
Building Details
Building Size
2,428 SF
Year Built
1939
Year Renovated
2018
Buildings
1
Stories
2
Construction
Streamline
Listing Agency:
Leoni Real Estate Corp.
Listed By:
Molli Leoni
(305) 495-1298
Source:
Laerrealty
Added: Oct 30
Last Checked: Oct 30 at 3:24PM
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 Leoni Real Estate Corp.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story duplex contains two 2-bedroom, 1-bathroom residences within 2,140 square feet. Built in 1939, the building received a 2018 renovation that included HVAC, electrical and plumbing upgrades, impact-resistant windows and doors, and refreshed kitchens and bathrooms. Architectural details include curved forms and a spiral staircase, with mature trees on the 7,566-square-foot corner parcel.
Both units are leased. The property sits at NE 62nd Street and NE 5th Avenue in Miami’s Upper East Side, with the Biscayne Boulevard corridor, Morningside, the Design District and Miami Beach described as minutes away. Conceptual plans depict either a single-family residence with a pool or five townhouses; these are renderings rather than completed improvements.
Both units are leased. The property sits at NE 62nd Street and NE 5th Avenue in Miami’s Upper East Side, with the Biscayne Boulevard corridor, Morningside, the Design District and Miami Beach described as minutes away. Conceptual plans depict either a single-family residence with a pool or five townhouses; these are renderings rather than completed improvements.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units in a 2,140‑square‑foot building
- 7,566‑square‑foot corner lot at NE 62nd Street and NE 5th Avenue
- Renovated in 2018, including HVAC, electrical, plumbing, kitchens and baths
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,052
Businesses Nearby
Explore this area
Business Placement
Demographics for 33138, FL
27,601
Population
14,310
Households
1.9
Avg Household Size
43
Median Age
47%
College-Educated
87%
High-School Grad
4.2 sq mi
ZIP Area
6,572
Density / Sq Mi
$71,518
Median Household Income
$52,853
Median Earnings
$1,647
Median Rent
$686,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two leased residences provide current rental income in a renovated, two-story property.
Where is this duplex located?
The property is located at 489 NE 62nd Street Miami, FL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom units in a 2,140‑square‑foot building; 7,566‑square‑foot corner lot at NE 62nd Street and NE 5th Avenue; Renovated in 2018, including HVAC, electrical, plumbing, kitchens and baths
