Basic Information

  • MLS # A11970442
  • Type Duplex / Quad Plex / Triplex
  • Subdivision/Complex Baywood
  • Year Built 1949
  • Total Sqft 2,074
  • Date Listed 03/16/2026
Description

Located in Miami’s rapidly evolving Upper Eastside corridor, legal upper / lower duplex presents a compelling opportunity for investors seeking stable rental income with future upside. This 2,074 SF multi-family property is currently fully leased, generating $67,200 in gross annual income. The property features two spacious units, each with 2 bedrooms and 2 bathrooms. The upstairs residence includes a den that has been converted into a third bedroom, offering added rental flexibility and increased income potential, while the downstairs unit is a well-configured 2BD/2BA layout. Positioned in a desirable pocket near Morningside, the property benefits from strong rental demand and proximity to neighborhood amenities. Nearby comparables shows the buyer's insatiable appetite for specifically multi-family, reinforcing the area's ongoing investment activity. Residents enjoy convenient access to local markets, cafés, and everyday essentials, along with nearby educational institutions including Morningside K-8 Academy, Morningside Elementary School, and The Cushman School. With immediate cash flow, flexible unit layouts, and a location in one of Miami’s steadily appreciating neighborhoods, 435 NE 69th St represents a solid opportunity for investors seeking both current income and long-term value growth. Current tenants are NOT short-term but you can certainly operate the property as AIRBNB and easily double the cap rate closer to 10%. Please ask for a walk-through video. 4 parking

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Parking Description

Interior Features

  • Adjusted Sqft 2,074Sq.Ft
  • Sqft 2,074Sq.Ft

Property Features

  • Aprox. Lot Size 2,074
  • Furnished Info No
  • Lot Description Less Than Quarter Acre
  • Short Sale Regular Sale
  • HOA Fees N/A
  • Subdivision Complex
  • Subdivision Info Baywood
  • Tax Amount $14,616
  • Tax Year 2025

435 NE 69th St

Miami, FL 33138

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