435 NE 69th St, Miami, FL 33138

• 2,074 sqft

Property 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. 2 spacious units, each with 2 BR's and 2 bath. The upstairs residence includes a den that has been converted into a 3rd BR, offering added rental flexibility and increased income potential, while the downstairs unit is a well-configured 2BR/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, & nearby educational institutions including Morningside K-8 Academy & Elementary School, & Cushman School. With immediate cash flow, flexible unit layouts, and a location in one of Miami’s steadily appreciating neighborhoods with current income & growth. Current tenants are NOT short-term but current tenant is operating as AIRBNB & easily double the cap rate closer to 12%. Please ask for a walk-through video. 4 parking. Roof & AC units are 8-10 yrs old. Elect panels 2015, HWH 2019. 60 day notice if you no longer want current tenants. You will be able to see 1 unit, open house Sat 3-21-26 from 11-11:30am.

Listing Status:

Active

Date Added:

March 16, 2026

Data Last Updated:

April 3, 2026 at 12:06PM

Listing Office:

Keller Williams Capital Realty : 305-662-7325

Listing Agent:

Ricky Kallabat : 305-747-5117

MLS ID:

A11970442

Interior

• Flooring: Tile
• A/C: Central Air
• Heating: Central

Exterior

• Style: Attached
• Parking: Parking spaces: 4

Construction

• Roofing: Flat Tile
• General: Concrete Block Construction2

Location

• Originating MLS: Miami Association of REALTORS®
• County: Miami-Dade County

Lot

• Zoning: 010418 53 42 BAYWOOD PB 5-85 LOT 11 BLK 5 LOT SIZE 50.000 X 102 OR 18165-4834 0698 101-32-18-004-0940

Utilities

• Sewer: Public Sewer

Financial

• Source: Miami Association of REALTORS®