$2,000,000list price
Per sq ft$935
0 ba · 2,140 sq ft 2 to 4 units
489 NE 62ND ST, MIAMI, FL 33138
Listing courtesy of Leoni Real Estate Corp.. MLS# A12115034.On the MLS · Listed Oct 3
$1,650,000
560 NE 63RD ST, MIAMI, FL 33138
0 baths2,803 sq ft2 to 4 unitsBuilt 1969
Updated today, November 3, 2026This home against Palm Grove
$589 per sq ft, 1% under the Palm Grove median
112 days on the market
$12,359 in property taxes (2025)
Palm Grove today: 7 homes for sale, median list price $1,650,000.
About this home
Completely repositioned turnkey multifamily investment in the heart of Miami's highly desirable MiMo District. This fully renovated four-unit property features spacious 2-bedroom, 2-bathroom residences with brand-new central A/C systems, a new roof, impact windows throughout, new interior and exterior doors, designer kitchens with quartz countertops, stainless steel appliances, luxury vinyl flooring, beautifully renovated bathrooms, LED recessed lighting, modern fixtures, and oversized closets. Each unit includes one assigned parking space, individual water submeters, and separately metered electric service, significantly reducing operating expenses. Extensive capital improvements have already been completed, providing investors with a truly low-maintenance, worry-free asset. Producing approximately $93,396.84 in annual NOI, this turnkey investment offers immediate cash flow and strong long-term appreciation potential. Ideally located in Miami's vibrant MiMo District, just minutes from the Design District, Midtown, Wynwood, Downtown Miami, and Miami Beach.
Zoned schools
Elementary: Morningside K-8 Center
Middle: Horace Mann Middle School
High: Miami Edison Senior High School
From Miami-Dade County Public Schools attendance zones.
Near this home
Park: Eaton Park, 0.2 mi
Grocery: Key Food Supermarket, 0.8 mi
Distances from the center of Palm Grove, MIAMI.
Listing courtesy of Brickell Brokers LLC. MLS# A12055054.
Listing information is provided by the MLS and is deemed reliable but not guaranteed.
Listed July 14, 2026.
Similar homes near Palm Grove, MIAMI
$1,099,000list price
Price cut$90,000
3 bd · 3.5 ba · 1,848 sq ft House
5990 NE 5TH AVE, MIAMI, FL 33137
Listing courtesy of Willis Wilson & Associates. MLS# A12072284.On the MLS · Listed Oct 7
5 photos$2,900,000list price
Price cut$100,000
0 ba · 2,483 sq ft 2 to 4 units
499 NE 64TH ST, MIAMI, FL 33138
Listing courtesy of Total Stop Inc. MLS# B26064965.On the MLS · Listed Aug 15
$799,000list price
Per sq ft$526
5 bd · 2 ba · 1,520 sq ft House
473 NE 61ST ST, MIAMI, FL 33137
Listing courtesy of Douglas Elliman. MLS# A12082857.On the MLS · Listed Sep 1
$2,823,620list price
Price cut$50,000
4 bd · 4 ba · 3,719 sq ft House
5934 NE 4TH CT, MIAMI, FL 33137
Listing courtesy of Canvas Real Estate. MLS# A11997871.On the MLS · Listed Apr 7
$150,000list price
Price cut$5,000
Studio · 1 ba · 338 sq ft Condo or villa
544 NE 62ND ST #5448, MIAMI, FL 33138
Listing courtesy of Intertrust Realty Corp.. MLS# A12048248.On the MLS · Listed Oct 7