Active

473 NE 61st St

Miami, FL 33137

$850,000 $3,583/Mo

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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.

Property Details

Property Type : ResidentialIncome

Price : $850,000

AD Id : 75165678

MLS Id : A11961470

Living Area Size : 1,520

Year Built : 1925

County : Miami-Dade

Subdivision: Lemon City

Map

What's Nearby

Nearby Areas

Features

Interior Features

Roof: Shingle
Heating & Cooling

Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir

Building Information

Year Built: 1925

Building Area Total: 1520

Construction Materials: Block

Stories: 1

Pool Features: AboveGround, Pool

Private Pool: No

Lot Information

Lot Description: LessThanQuarterAcre

Property Information

Subdivision: LEMON CITY WHITES Source Property Type: ResidentialIncome Postal Code Plus 4: 2252 Zoning Description: 3900 Property SubType: Duplex Levels: One Property Age: 101

Listing Price Information

Listing Price: $850000

Cash, Conventional

Tax Information

Parcel Number: 01-32-18-030-0220 Tax Year: 2025 Annual Tax: $10172 Tax Legal Desc: LEMON CITY WHITES PB B-32 E3FT OF LOT 50 & LOT 51 LESS E1FT & LESS S4FT THEREOF LOT SIZE 4992 SQ FT OR 19974-2370 10 2001 1 COC 24415-0852 0

Parking Information

Parking Total: 4

Utility Information

CableAvailable
Location Information

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
4727 NE 1st Ct, Miami, FL, 33137	$2,185,000	7	3	2,499	2,499 SqFt
55-53 NE 60th St, Miami, FL, 33137	$2,000,000	6	6	2,884	2,884 SqFt
2 NE 45th St, Miami, FL, 33137	$1,195,000	4	2	1,664	1,664 SqFt
481 NE 61st St, Miami, FL, 33137	$625,000	6	8	4,575	4,575 SqFt
21 NE 53 St, Miami, FL, 33137	$850,000	2	1	2,343	2,343 SqFt
170 NE 48th St, Miami, FL, 33137	$1,050,000	2	2	1,170	1,170 SqFt
4 NE 47th St, Miami, FL, 33137	$1,099,000	4	2	1,600	1,600 SqFt
5800 NE 3rd Ave, Miami, FL, 33137	$799,000	4	2	1,540	1,540 SqFt
22 NE 59th St, Miami, FL, 33137	$675,000	3	2	2,669	2,669 SqFt
242 NE 55th Ter, Miami, FL, 33137	$1,000,000	5	8	1,620	1,620 SqFt

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ByOwner last updated this listing 06/09/2026 @ 18:06

MLS: A11961470 LISTED BY: Antonio Saladrigas, Fausto Commercial Realty Consultants Inc 786-748-7373 SOURCE: SEFMIAMI