473 NE 61st St, Miami, FL 33137
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473 NE 61st St, Miami, FL 33137
473 NE 61st St, Miami, FL 33137
473 NE 61st St, Miami, FL 33137
473 NE 61st St, Miami, FL 33137
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Alex Mendel

Alex Mendel

+1(561) 827-8449
$ 850,000
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473 NE 61st St Miami, FL 33137

1,520 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,520 sqft

Price per Sqft $559

Subdivision Lemon City Whites

MLS Listing ID A11961470

HOA Y/N No

Year Built 1925

Annual Tax Amount $10,172

Tax Year 2025

Property Sub-Type Duplex

Property Description

Located at 473 NE 61st St, this 5-bedroom, 2-bathroom property is strategically positioned in the heart of one of Miami's most aggressive development frontiers. This submarket, bridging the Upper East Side and the Little River/Magic City Innovation District, is currently seeing a massive influx of capital, with new mixed-use projects and commercial revitalization driving a sharp upward trend in land values. For an investor, this means the asset is not just an income-producer, but a prime candidate for significant long-term capital appreciation.
The property currently operates as a high-performing Airbnb, generating a proven Net Operating Income (NOI) of $66,268.00. Configured as a spacious single-family residence to maximize average daily rates (ADR) and guest capacity, the property also retains its status as a legal duplex. With T4-R zoning, the investor has the built-in flexibility to either maintain the high-yield short-term rental model or convert the asset back into a multi-unit configuration to capitalize on the area's soaring long-term rental demand. The 4,992 sq. ft. lot and upgraded amenities, including a private hot tub, provide a turnkey, stabilized vehicle in a neighborhood rapidly transitioning into a premier urban destination.

Location

State FL

County Miami-dade

Community Lemon City Whites

Area 32

Interior

Heating Central

Cooling Central Air

Flooring Laminate

Exterior

Pool Above Ground, Pool

Utilities Available Cable Available

Roof Type Shingle

Total Parking Spaces 4

Private Pool Yes

Building

Lot Description < 1/4 Acre

Story 1

Sewer Public Sewer

Level or Stories One

Structure Type Block

Others

Tax ID 01-32-18-030-0220

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11961470

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Fausto Commercial Realty Consultants Inc

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Alex Mendel

Alex Mendel

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+1(561) 827-8449

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473 NE 61st St

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