Exceptional investment opportunity in the heart of Miami’s emerging Little Haiti corridor! This renovated duplex
combines strong STR income performance with long-term redevelopment potential as T3-O zoning. Potential
multifamily 2–9 units. Featuring 3 beautifully updated units, modern finishes, impact windows, 2 electric meters,
and a newly landscaped yard with pool area, this property has delivered an impressive $150,134 in 2024 annual gross income and a 6.87% CAP rate based on the current $1.187M asking price. Enjoy consistent bookings from short-term rentals while benefiting from revitalization and proximity to Wynwood, the Design District, and Midtown. An ideal turn-key asset for investors seeking cash flow + appreciation upside in one of Miami’s fastest-transforming
neighborhoods.
Listed by Patricia Pappaterra
·
License #3322504
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Compass Florida, LLC
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786-972-8282
Last updated November 14, 2025
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Source: MIAMIRE #A11906273
Listing Facts
TypeMulti-family
NeighborhoodEdison
Days on Prevu16
Taxes$12,367/year
Size1,600 sqft
Price per sqft$742
Amenities
Pets Allowed
Air Conditioning
Parking
Swimming Pool
Location
Mortgage Calculator
Listing History
11/03/2025
Listed by Compass Florida, LLC
$1,187,500
Property Details for 256 NW 57th St
Association
General
Number Of Units In Community: 2
Exterior
Construction
Property Condition: Substantially Remodeled
Roof: Other
Stories: 1
Stories Total: 1
Structure Type: Duplex
Year Built: 1971
Year Built Details: Resale
Building Name: RAILROAD SHOPS INTER SCHO
Construction Materials: Concrete Block Construction, CBS Construction
Features
Pool Features: In Ground
Measurements
Building Area Total: 1,716
Building Area Units: Square Feet
Lot Features: Less Than 1/4 Acre Lot
Lot Size Units: Square Feet
Financial
Taxes
Parcel Number: 01-31-13-048-0310
Tax Annual Amount: $12,367.00
Tax Year: 2024
Interior
Features
Flooring: Terrazzo
Measurements
Living Area: 1,600
Living Area Units: Square Feet
Other
Location
Subdivision Name: RAILROAD SHOPS INTER SCHO
Parking
Parking
Parking Total: 3
Utilities
Equipment
Cooling: Central Air
Has Cooling: Yes
Heating: Electric
Has Heating: Yes
Sewer: Public Sewer
Water Source: Municipal Water
Based on information from Miami Association of REALTORS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.