Palm Grove

Palm Grove

For Sale

490 NE 62nd St, Miami, FL 33138

This Miami property for sale is located at 490 NE 62nd St. The current listed sale price for Palm Grove is $1,375,000. Palm Grove is situated on a lot that is 7,700 square feet in size.

Contacts

broker
Lyle Chariff

Chariff Realty Group

broker
Mauricio Zapata

Chariff Realty Group

broker
Alejandro Agudelo

Chariff Realty Group

Property Details

  • Property Type Multi-Family
  • Property Size 3,050 SF
  • Units 6
  • Lot Size 7,700 SF
  • Year Built 1938
  • Date Updated Mar 17, 2025

Chariff Realty Group proudly presents an exceptional investment opportunity within Miami’s thriving real estate market. This 6-unit multifamily property not only provides a steady income stream but also holds significant development potential for savvy investors.

 

490 NE 62 St is perfect for investors or developers looking to blend rental income with long-term growth through strategic redevelopment. This property’s prime & high-demand location and versatile potential make it a rare and valuable addition to any real estate portfolio.

 

PROPERTY HIGHLIGHTS:

 

• 6 Units Multifamily

 

• 100% Occupancy

 

• Value Add Potential

 

• Redevelopment into 4-6 Luxury Townhomes

 

• Potential Assemblage Opportunity

 

AREA HIGHLIGHTS:

 

• Minutes away from the Miami Design District, home to high-end shopping, fine dining, art galleries, and luxury brands 

 

• Quick access to I-95 and Biscayne Boulevard allows for easy commuting to Miami’s Urban Core

 

• 15-20 minute drive to Miami Beach, providing quick access to some of the most popular beaches in the world

 

• Palm Grove has been rapidly transforming with new developments and upscale/luxury residential projects 

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Getting around

  • 85/100

    Walk Score ®

  • 51/100

    Transit Score ®

  • 78/100

    Bike Score ®

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Location

  • City Miami, FL
  • Neighborhood Upper East Side
  • Zip Code 33138
  • Market Miami

Points of Interest

  • MiamiCentral

    3.88 miles

  • Brickell City Centre

    4.59 miles

  • Miami

    4.60 miles

  • Hialeah Market

    4.75 miles

  • Miami Airport

    5.12 miles

  • Miami Intermodal Center

    5.17 miles

  • Opa-Locka

    6.21 miles

  • MIA Station

    6.22 miles

  • Gates E2-E11

    6.38 miles

  • 4

    6.54 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Palm Grove
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