Multifamily in Miami, FL 33127
Railroad Shops Inter School, 256 NW 57th St

$1.2M3.2%
$1,150,000
1,600
SqFt
Status
Active
Size
1,600 SqFt (149 m2)
Price
$719/SqFt ($7,737/m2)
Type
Multifamily
Built
1971
MLS Number
A11906273
On Site
316 Days
Updated
19 Days ago
Page Views
0
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.

Features

Bedrooms
    Bathrooms
      Exterior and Lot Features
        Interior, Heating and Cooling
        • Heating Description: Electric
        • Cooling Description: CentralAir
        Building and Construction
        • Floor Description: Terrazzo
        • Year Built: 1971
        • Year Built Description: Resale
        Waterfront and Water Access
        • Waterfront Frontage: No info
        School Information
          Other Property Info
          • Listing Date: 2025-11-03T08:46:40.000-00:00
          Taxes, Fees & More
          • Taxes: 12367

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          Price History

          Current
          $1.2M
          High
          $1.2M
          Low
          $1.2M
          Total Change
          -3.2%
          $1.2M$1.2M$1.1MOct 25Feb 26Feb 26Jun 26Jun 26
          Date
          Event
          Price
          Change
          Price Per
          06/10/2026
          Price Reduced
          $1.2M
          0%
          $719 ft2
          $7,737 m2
          06/10/2026
          Price Reduced
          $1.2M
          -1.08%
          $719 ft2
          $7,737 m2
          02/26/2026
          Price Reduced
          $1.2M
          0%
          $727 ft2
          $7,821 m2
          02/26/2026
          Price Reduced
          $1.2M
          -2.11%
          $727 ft2
          $7,821 m2
          10/31/2025
          Listed
          $1.2M
           
          $742 ft2
          $7,989 m2
          06/10/2026
          $1.2M
          Event
          Price Reduced
          Change
          0%
          Price Per
          $719 ft2
          $7,737 m2
          06/10/2026
          $1.2M
          Event
          Price Reduced
          Change
          -1.08%
          Price Per
          $719 ft2
          $7,737 m2
          02/26/2026
          $1.2M
          Event
          Price Reduced
          Change
          0%
          Price Per
          $727 ft2
          $7,821 m2
          02/26/2026
          $1.2M
          Event
          Price Reduced
          Change
          -2.11%
          Price Per
          $727 ft2
          $7,821 m2
          10/31/2025
          $1.2M
          Event
          Listed
          Price Per
          $742 ft2
          $7,989 m2
          Price per square foot and days on website are not provided values and are calculated by Subdivisions.
          Listed by Patricia PappaterraCompass Florida LLC • Buyer Agency Compensation .

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          Scores

          Walk Score®
          Very Walkable. Most errands can be accomplished on foot
          81

          100
          Transit Score®
          Good Transit. Many nearby public transportation options
          51

          100
          Bike Score®
          Bikeable. Some bike infrastructure
          61

          100
          Community Snapshot
          4 – 4 BR
          Bedrooms
          $400K – $1.4M
          Price Tier
          800 - 2,880
          SqFt Range
          1957
          Year Build
          1
          Total Floors

          Miami
          Mid-Tier
          Mid-Tier Homes & Condos