435 NE 69th St, Miami FL 33138

Known as BAYWOOD, this attached residential income property is an income-producing duplex in the BAYWOOD subdivision of Miami-Dade County. Located at 435 NE 69th St, Miami FL 33138, the 2,074 SF property (living area 2,074) was built in 1949 and offers central air and central heating for tenant comfort.

Fully leased and generating $67,200 in gross annual income, the multi-family building features two spacious units—each a 2-bedroom, 2-bath layout. The upstairs unit includes a den converted into a third bedroom for added rental flexibility and income potential, while the downstairs unit is a well-configured 2BD/2BA. Current tenants are not short-term, though the property can be operated as short-term rentals (Airbnb) to potentially increase the cap rate toward 10%. There are 4 parking spaces and immediate cash flow from stable tenancy.

Situated in Miami’s evolving Upper Eastside near Morningside, the location benefits from strong rental demand, nearby markets and cafés, and schools including Morningside K-8 Academy, Morningside Elementary School, and The Cushman School. Comparable sales show strong investor appetite for multi-family in the area, reinforcing the property’s long-term upside. Please ask for a walk-through video.

435 NE 69th St Miami, FL 33138 duplex house for sale with MLS A11970442 located in BAYWOOD. If you want to buy Duplex - 435 NE 69th St Miami, FL 33138, call today!