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256 NW 57th St
📅Open Wed 4:00 PM
Multi-Family
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$1,162,500

$727/sqft

256 NW 57th St, Miami

Premium
4 bd·3 ba·1,600 sqft
Built 1971Edison

256 NW 57th St, Miami, FL

4 bd · 3 ba · 1,600 sqft Multi-Family listed at $1,162,500, built in 1971 in the Edison neighborhood.

About this home

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 great CAP Rate above 6%. 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.

Property details

Price
$1,162,500
Bedrooms
4
Bathrooms
3
Interior
1,600 sqft
Price / sqft
$727
Year built
1971
Type
Multi-Family
Days on market
174
Est. property tax
$9,998/yr · $833/mo · 0.86% FL avg
Last sold
$925,000 · Dec 2023
Virtual tour

Open Houses

  • 📅 Wed, Apr 29 · 4:00 PM – 7:00 PMPlease come to the Broker's Open, it's difficult to show otherwise due to occupancy.

Estimated monthly payment

Down payment20% ($232,500)
Interest rate6.75%
Principal & Interest$6,032
Property Tax$1,066
Insurance$150
Total$7,248/mo

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Price history

▼ 2.1%Most recent change on 2026-02-26: $1,187,500 → $1,162,500.

$1.43M$652K$-125K$55K on Aug 82 (Sold)$89K on Oct 15 (Initial list)$52K on Oct 15 (Price change)$102K on Dec 15 (Sold)$440K on Oct 22 (Sold)$925K on Dec 23 (Sold)$6K on Jul 24 (Price change)$6K on Aug 24 (Price change)$6K on Aug 24 (Price change)$5K on Jan 25 (Price change)$1.30M on Oct 25 (Initial list)$1.19M on Nov 25 (Initial list)$1.16M on Feb 26 (Price change)
$55K · Aug 82$1.16M · Feb 26
  1. Feb 26, 2026$1,162,500Price change
  2. Nov 3, 2025$1,187,500Initial list price
  3. Oct 7, 2025$1,300,000Initial list price
  4. Jan 25, 2025$4,776Price change
  5. Aug 24, 2024$5,970Price change
  6. Aug 11, 2024$6,268Price change
  7. Jul 11, 2024$5,970Price change
  8. Dec 19, 2023$925,000Sold
  9. Oct 5, 2022$439,900Sold
  10. Dec 7, 2015$102,000Sold
  11. Oct 22, 2015$51,940Price change
  12. Oct 21, 2015$89,040Initial list price
  13. Aug 1, 1982$55,000Sold

Location

This home is located in Miami, FL, in the South Florida area. Browse more Miami listings on the Miami market page or explore the full Miami market report.

Location

Map of 256 NW 57th St, Miami
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Home Intelligence

Neighborhood (zip 33127)

This neighborhood is primarily renter-occupied (29% owner-occupied). Median age is 36.0; 9% hold a bachelor's degree; median household income is $39,690.

Median income
$39,690
Median age
36.0
Owner-occupied
29.2%
Bachelor's degree
9.2%
Census median home value
$346,000

Source: US Census Bureau American Community Survey 5-year estimates.

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