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Single Family Residence
$980,000$854 / sqft
421 NE 70th St, Miami FL 33138
Listed
5
Bedrooms
3
Bathrooms
1,147 sqft
Interior
1929
Year built
None
HOA
Single Family Residence
Type
About this home
Exceptional opportunity in Miami’s thriving MiMo District! Situated on a prominent corner lot within the Historic District, this beautifully renovated 4-bedroom, 3-bathroom residence offers the perfect combination of lifestyle, flexibility, and investment potential. Built and fully updated with permits in 2019, the property features soaring ceilings, an open-concept design, impact and fire-resistant windows and doors, quartz kitchen countertops, vinyl flooring, fireplace, a separate home office or guest suite with private entrance, and a meticulously landscaped backyard complete with automatic irrigation, gazebo, porch seating area, and a Jacuzzi for six. Beyond its appeal as a stunning single-family home, this T4-R zoned property allows for a wide range of residential and commercial uses, including multifamily development, home-office, childcare facility, educational uses, bed & breakfast, and the potential conversion into a triplex, making it ideal for investors and end-users alike. Located just two blocks from Biscayne Boulevard, minutes from Wynwood, the Miami Design District, Downtown Miami, and the future Magic City development, this property sits at the heart of the New Miami Innovation District. A rare opportunity to own a turnkey asset with exceptional growth potential in one of Miami’s most dynamic and rapidly appreciating neighborhoods.
Features
- First Floor Entry
- Closet Cabinetry
- Entrance Foyer
- Other
- Vaulted Ceiling(s)
- Attic
- Den/Library/Office
- Barbeque
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 5-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $5,000–$20,000.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.