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Polina Wittmann

polina.wittmann@engelvoelkers.com +1(305) 497-6508

$ 1,187,500

Est. payment -/mo

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Active

256 NW 57th St Miami, FL 33127

1,600 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,600 sqft

Price per Sqft $742

Subdivision Railroad Shops Inter Scho

MLS Listing ID A11906273

HOA Y/N No

Year Built 1971

Annual Tax Amount $12,367

Tax Year 2024

Property Sub-Type Duplex

Property Description

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.

Location

State FL

County Miami-dade

Community Railroad Shops Inter Scho

Area 31

Interior

Heating Electric

Cooling Central Air

Flooring Terrazzo

Exterior

Pool In Ground, Pool

Utilities Available Cable Not Available

Roof Type Other

Total Parking Spaces 3

Private Pool Yes

Building

Lot Description < 1/4 Acre

Story 1

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Block

Others

Tax ID 01-31-13-048-0310

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11906273

Miami Association of Realtors (SEFMIAMI MLS)

Listed by Compass Florida, LLC

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES

Elementary Schools 20

8

Miami Children's Museum Charter School

Public | PK - 5
7

Miami-Dade Online Academy- Virtual Instruction Program

Public | KG - 12
7

Poinciana Park Elementary School

Public | PK - 5
6

Bridgeprep Academy of Greater Miami

Public | KG - 5
6

Earlington Heights Elementary School

Public | PK - 5
6

Arcola Lake Elementary School

Public | PK - 5
6

Phyllis R. Miller Elementary School

Public | PK - 5
5

Paul Laurence Dunbar K-8 Center

Public | PK - 5
5

Comstock Elementary School

Public | PK - 5
5

Santa Clara Elementary School

Public | PK - 5
5

Maya Angelou Elementary School

Public | PK - 5
5

Mater Academy of International Studies

Public | KG - 5
5

Melrose Elementary School

Public | PK - 5
5

Kelsey L. Pharr Elementary School

Public | PK - 5
5

Orchard Villa Elementary School

Public | PK - 5
5

Charles R. Drew K-8 Center

Public | PK - 5
5

Morningside K-8 Academy

Public | PK - 5
5

Lillie C. Evans K-8 Center

Public | PK - 5
5

Jesse J. McCrary, Jr. Elementary School

Public | PK - 5
5

Miami Park Elementary School

Public | PK - 5

Middle Schools 20

8

Miami Arts Charter

Public | 6 - 12
6

Mater Academy Middle School of International Studies

Public | 6 - 8
4

Horace Mann Middle School

Public | 6 - 8
3

Young Men's Preparatory Academy

Public | 6 - 12
2

Aspira Eugenio Maria De Hostos Youth Leadership Charter School

Public | 6 - 8
1

Jose De Diego Middle School

Public | 6 - 8
1

Allapattah Middle School

Public | 6 - 8
1

Brownsville Middle School

Public | 6 - 8
0

Miami-Dade Virtual High School Franchise

Public | 6 - 12
0

Jackson Sipp/Child Crisis

Public | 6 - 11
0

Miami Bridge North

Public | 7 - 12
0

Secondary Student Success Center 802

Public | 6 - 12
0

Village South (Girls)

Public | 7 - 12
0

River Cities Community Charter School

Public | 6 - 8
0

Archbishop Curley Notre Dame High School

Private | 6 - 12
0

Miami Behavioral Health Institute

Public | 6 - 12
0

Charles R. Drew Middle School

Public | 6 - 8
0

Miami Edison Middle School

Public | 6 - 8
0

Secondary Student Success Center-804

Public | 6 - 12
0

Cope Center North

Public | 6 - 12

High Schools 13

10

I Preparatory Academy

Public | 9 - 12
10

Design & Architecture Senior High School

Public | 9 - 12
5

Mater Academy High School of International Studies

Public | 9 - 12
5

William H. Turner Technical Arts High School

Public | 9 - 12
3

Miami Northwestern Senior High School

Public | 9 - 12
2

Miami Central Senior High School

Public | 9 - 12
1

Booker T. Washington Senior High School

Public | 9 - 12
1

Miami Jackson Senior High School

Public | 9 - 12
1

Miami Edison Senior High School

Public | 9 - 12
0

United Cerebral Palsy Transitional Learning

Private | 9 - 12
0

Lindsey Hopkins Technical Education Center

Public | 9 - 12
0

Stellar Leadership Academy

Public | 9 - 12
0

Academy for Community Education (Ace)

Public | 9 - 12

School and business data provided by Attom Data.

Polina Wittmann

Advisor | License ID: 3529662

+1(305) 497-6508

GET MORE INFORMATION