159 NE 6th St Unit 4508
Miami, FL 33132 · condos · For Sale · 152 days on market
Asking price$449,000
1 beds 1 baths 504 sqft
Suggested offer$245,267$203,733 above the est. market value of $245,267.
View on Realtor.com →Listed by Doanh Pham · Ferrarri International Realty
Typecondos
Built2024
Price / sqft$891
Est. value (own analysis)$245,267
Rent estimate (own analysis)$3,300/mo
HOA$900/mo
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Statusfor_sale
Listed date2026-04-03
Removed date—
MLSMiamiMLS #A11994751
Coordinates25.78017, -80.19107
Address159 NE 6th St Unit 4508
CityMiami
StateFL
Zip33132
Listing ID9578602371
Sourceus-real-estate-listings, cached 2026-08-29
ZIP market snapshot (33132)
Typical home value (ZHVI)$514,716
Typical rent (ZORI)$3,468/mo
Zillow Research's ZHVI (home value index) and ZORI (rent index) for this ZIP, as of 2026-07 — free published data, refreshed monthly, no RentCast quota spent. "Typical value/rent" is a smoothed index, not a literal median of active listings.
Underwriting (buy-and-hold, default assumptions)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $449,000 |
| Down payment (20.0%) | $89,800 |
| Loan amount | $359,200 |
| Closing costs (5.0%) | $22,450 |
| Total cash to close | $112,250 |
| Income | |
| Rent (comp-derived) | $3,300$39,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,036$36,432 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $711$8,531 |
| Insurance (placeholder 0.8% of price) | $299$3,592 |
| HOA dues | $900$10,800 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $165$1,980 |
| Total operating expenses | $2,075$24,903 |
| Net operating income (NOI) | |
| Debt service & reserves | |
| Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing) | |
| CapEx reserve (5.0% of GSR) | $165$1,980 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Cap rate
Cash-on-cash
DSCR
Rent-to-price (1% rule)
Gross rent multiplier
Operating expense ratio
Break-even occupancy
Comparables
Same ZIP. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| condos | 1 | 3 | 545 | $3,500 | 2026-08-21 | — | |
| condos | 1 | 1 | 665 | $2,600 | 2026-08-20 | — | |
| apartment | 1 | 1 | 507 | $2,400 | 2025-05-27 | — | |
| condos | 1 | 1 | 503 | $2,700 | 2026-08-19 | — | |
| condos | 1 | 1 | 539 | $3,300 | 2026-08-17 | — | |
| condos | 1 | 2 | 591 | $3,850 | 2026-08-13 | — | |
| condos | 1 | 1 | 651 | $2,550 | 2026-08-10 | — | |
| condos | 1 | 2 | 545 | $3,500 | 2026-08-10 | — | |
| condos | 1 | 1 | 644 | $2,200 | 2026-08-07 | — | |
| condos | 1 | 2 | 665 | $4,500 | 2026-08-07 | — | |
| condos | 1 | 1 | 463 | $3,500 | 2026-08-06 | — | |
| condos | 1 | 1 | 522 | $3,150 | 2026-08-05 | — | |
| condos | 1 | 1 | 588 | $3,300 | 2026-08-05 | — | |
| condos | 1 | 1 | 620 | $2,500 | 2026-08-05 | — | |
| condos | 1 | 1 | 588 | $4,500 | 2026-07-23 | — | |
| condos | 1 | 1 | 580 | $2,976 | 2026-07-23 | — | |
| condos | 1 | 1 | 677 | $3,419 | 2026-07-23 | — | |
| condos | 1 | 1 | 677 | $3,419 | 2026-07-23 | — | |
| condos | 1 | 2 | 625 | $5,500 | 2026-07-21 | — | |
| condos | 1 | 1 | 588 | $4,500 | 2026-07-21 | — | |
| condos | 1 | 1 | 551 | $3,300 | 2026-07-20 | — | |
| condos | 1 | 1 | 646 | $2,300 | 2026-07-17 | — | |
| condos | 1 | 1 | 337 | $2,800 | 2026-07-16 | — | |
| condos | 1 | 1 | 526 | $2,750 | 2026-07-15 | — | |
| condos | 1 | 1 | 625 | $2,300 | 2026-07-15 | — | |
| condos | 1 | 1 | 588 | $3,450 | 2026-07-14 | — | |
| condos | 1 | 2 | 544 | $3,250 | 2026-07-14 | — | |
| condos | 1 | 1 | 665 | $2,300 | 2026-07-13 | — | |
| condos | 1 | 1 | 505 | $3,000 | 2026-07-13 | — | |
| condos | 1 | 1 | 490 | $4,995 | 2026-07-12 | — | |
| condos | 1 | 1 | 505 | $3,300 | 2026-07-10 | — | |
| condos | 1 | 1 | 588 | $3,150 | 2026-07-09 | — | |
| apartment | 1 | 1 | 509 | $4,100 | 2026-07-07 | — | |
| condos | 1 | 2 | 597 | $3,800 | 2026-07-07 | — | |
| condos | 1 | 1 | 525 | $3,400 | 2026-07-06 | — | |
| condos | 1 | 1 | 521 | $3,300 | 2026-07-03 | — | |
| condos | 1 | 1 | 646 | $2,400 | 2026-06-24 | — | |
| condos | 1 | 1 | 651 | $2,830 | 2026-08-22 | — | |
| condos | 1 | 2 | 511 | $3,500 | 2026-06-18 | — | |
| condos | 1 | 1 | 535 | $3,300 | 2026-06-18 | — | |
| condos | 1 | 1 | 586 | $3,800 | 2026-06-18 | — | |
| condos | 1 | 1 | 586 | $3,500 | 2026-06-17 | — | |
| condos | 1 | 2 | 597 | $4,200 | 2026-06-11 | — | |
| condos | 1 | 1 | 665 | $2,300 | 2026-06-10 | — | |
| condos | 1 | 1 | 679 | $5,500 | 2026-06-10 | — | |
| condos | 1 | 1 | 663 | $2,900 | 2026-06-02 | — | |
| condos | 1 | 2 | 544 | $4,500 | 2026-06-01 | — | |
| condos | 1 | 2 | 544 | $4,500 | 2026-06-01 | — | |
| condos | 1 | 1 | 442 | $3,400 | 2026-05-29 | — | |
| condos | 1 | 2 | 511 | $3,950 | 2026-05-23 | — | |
| condos | 1 | 2 | 544 | $4,500 | 2026-05-21 | — | |
| condos | 1 | 1 | 560 | $3,500 | 2026-05-21 | — | |
| condos | 1 | 2 | 531 | $3,050 | 2026-05-12 | — | |
| condos | 1 | 2 | 545 | $2,990 | 2026-08-04 | — | |
| condos | 1 | 1 | 679 | $3,250 | 2026-08-04 | — | |
| condos | 1 | 1 | 662 | $2,200 | 2026-08-03 | — | |
| condos | 1 | 1 | 663 | $2,700 | 2026-08-03 | — | |
| condos | 1 | 1 | 663 | $2,850 | 2026-08-02 | — | |
| condos | 1 | 1 | 504 | $4,500 | 2026-07-31 | — | |
| condos | 1 | 2 | 531 | $3,450 | 2026-07-30 | — | |
| condos | 1 | 3 | 544 | $3,600 | 2026-07-30 | — | |
| condos | 1 | 1 | 651 | $2,650 | 2026-07-30 | — | |
| condos | 1 | 1 | 651 | $2,300 | 2026-07-29 | — | |
| apartment | 1 | 1 | 615 | $2,050 | 2024-04-12 | — | |
| apartment | 1 | 1 | 650 | $1,750 | 2025-02-09 | — | |
| apartment | 1 | 1 | 650 | $1,750 | 2025-08-01 | — | |
| condos | 1 | 1 | 442 | $3,200 | 2026-01-16 | — | |
| apartment | 1 | 1 | 527 | $2,440 | 2025-04-28 | — | |
| apartment | 1 | 1 | 542 | $3,100 | 2022-08-25 | — | |
| condos | 1 | 1 | 620 | $2,800 | 2026-04-16 | — | |
| condos | 1 | 1 | 610 | $3,000 | 2025-05-27 | — | |
| condos | 1 | 1 | 591 | $3,000 | 2025-06-02 | — | |
| condos | 1 | 1 | 463 | $3,000 | 2026-04-10 | — | |
| condos | 1 | 1 | 600 | $2,950 | 2025-12-26 | — | |
| condos | 1 | 1 | 600 | $3,500 | 2026-03-17 | — | |
| condos | 1 | 1 | 588 | $3,500 | 2025-05-17 | — | |
| condos | 1 | 2 | 561 | $3,900 | 2026-04-08 | — | |
| condos | 1 | 1 | 674 | $4,500 | 2024-11-18 | — | |
| condos | 1 | 1 | 540 | $4,500 | 2025-10-21 | — | |
| condos | 1 | 1 | 550 | $5,000 | 2025-05-28 | — | |
| condos | 1 | 1 | 505 | $4,900 | 2025-10-24 | — | |
| condos | 1 | 1 | 442 | $3,400 | 2025-01-15 | — | |
| condos | 1 | 1 | 550 | $5,500 | 2025-05-26 | — | |
| condos | 1 | 1 | 600 | $5,000 | 2026-03-26 | — | |
| condos | 1 | 2 | 665 | $4,500 | 2025-12-19 | — | |
| condos | 1 | 1 | 430 | $4,500 | 2026-02-10 | — | |
| condos | 1 | 1 | 598 | $5,000 | 2026-03-05 | — | |
| condos | 1 | 1 | 478 | $5,000 | 2025-11-25 | — | |
| condos | 1 | 2 | 665 | $5,700 | 2026-01-14 | — | |
| condos | 1 | 1 | 637 | $6,000 | 2025-08-01 | — | |
| apartment | 1 | 1 | 650 | $1,750 | 2026-03-09 | — | |
| apartment | 1 | 1 | 651 | $2,600 | — | — | |
| condos | 1 | 1 | 463 | $2,900 | — | — | |
| apartment | 1 | 1 | 667 | $3,632 | — | — | |
| apartment | 1 | 1 | 567 | $3,010 | — | — | |
| apartment | 1 | 1 | 641 | $3,633 | — | — | |
| apartment | 1 | 1 | 641 | $3,854 | — | — | |
| apartment | 1 | 1 | 659 | $3,817 | — | — | |
| apartment | 1 | 1 | 641 | $4,004 | — | — | |
| condos | 1 | 1 | 539 | $3,300 | — | — | |
| apartment | 1 | 1 | 679 | $3,259 | — | — | |
| condos | 1 | 1 | 651 | $2,150 | 2026-06-16 | — | |
| condos | 1 | 1 | 632 | $3,200 | 2026-08-28 | — | |
| condos | 1 | 1 | 535 | $3,300 | 2026-07-23 | — | |
| apartment | 1 | 1 | 641 | $3,803 | — | — | |
| apartment | 1 | 1 | 651 | $2,350 | — | — | |
| apartment | 1 | 1 | 489 | $3,275 | — | — | |
| apartment | 1 | 1 | 630 | $2,525 | 2026-03-16 | — | |
| condos | 1 | 1 | 505 | $3,300 | — | — | |
| condos | 1 | 1 | 522 | $3,150 | — | — | |
| condos | 1 | 1 | 630 | $3,500 | — | — | |
| condos | 1 | 2 | 545 | $3,500 | — | — | |
| apartment | 1 | 1 | 507 | $2,590 | — | — | |
| apartment | 1 | 1 | 562 | $2,500 | — | — | |
| apartment | 1 | 1 | 562 | $2,500 | — | — | |
| apartment | 1 | 1 | 565 | $2,800 | — | — | |
| apartment | 1 | 1 | 669 | $2,740 | — | — | |
| apartment | 1 | 1 | 659 | $3,526 | — | — | |
| apartment | 1 | 1 | 667 | $3,827 | — | — | |
| apartment | 1 | 1 | 667 | $3,757 | — | — | |
| apartment | 1 | 1 | 645 | $3,679 | 2025-12-08 | — | |
| condos | 1 | 1 | 663 | $2,400 | 2026-09-01 | — | |
| apartment | 1 | 1 | 562 | $2,430 | — | — | |
| apartment | 1 | 1 | 537 | $2,575 | — | — | |
| apartment | 1 | 1 | 537 | $2,400 | — | — |
Same ZIP & bedroom count. Closed sales from Realtor.com over the last 12 months, matched to this property's type — real transaction prices, not asking prices. Falls back to Miami-Dade County public records (property appraiser tax roll) when Realtor.com has no sales on file for the area.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 851 NE 1st Ave Unit 3800 | condos | 1 | 2 | 1,018 | $540,000 | 2026-08-24 |
| 1800 N Bayshore Dr Apt 1908 | condos | 1 | 1 | 839 | $355,000 | 2026-08-21 |
| 1800 N Bayshore Dr Apt 1208 | condos | 1 | 1 | 839 | $350,000 | 2026-08-20 |
| 888 Biscayne Blvd Apt 3506 | condos | 1 | 2 | 948 | $585,000 | 2026-08-20 |
| 488 NE 18th St Unit 4005 | condos | 1 | 2 | 743 | $535,000 | 2026-08-18 |
| 1800 N Bayshore Dr Apt 4106 | condos | 1 | 1 | 822 | $377,000 | 2026-08-18 |
| 900 Biscayne Blvd Apt 2907 | condos | 1 | 2 | 938 | $675,000 | 2026-08-18 |
| 227 NE 2nd St Apt 1909 | condos | 1 | 1 | 549 | $395,000 | 2026-08-06 |
| 488 NE 18th St Unit 2802 | condos | 1 | 2 | 766 | $485,000 | 2026-08-01 |
| 1750 N Bayshore Dr Apt 4506 | condos | 1 | 1 | 821 | $308,000 | 2026-07-27 |
| 1750 N Bayshore Dr Apt 5105 | condos | 1 | 1 | 825 | $320,000 | 2026-07-15 |
| 1600 NE 1st Ave Apt 3012 | condos | 1 | 2 | 850 | $400,000 | 2026-07-09 |
| 900 Biscayne Blvd Apt 2910 | condos | 1 | 2 | 1,031 | $590,000 | 2026-07-09 |
| 1900 N Bayshore Dr Apt 506 | condos | 1 | 1 | 816 | $417,000 | 2026-07-08 |
| 253 NE 2nd St Apt 1107 | condos | 1 | 1 | 802 | $392,500 | 2026-07-02 |
| 133 NE 2nd Ave Apt 611 | condos | 1 | 1 | 651 | $248,000 | 2026-06-24 |
| 398 NE 5th St Apt 2403 | condos | 1 | 1 | 490 | $415,000 | 2026-06-24 |
| 275 NE 18th St Apt 1806 | condos | 1 | 1 | 749 | $355,000 | 2026-06-23 |
| 1750 N Bayshore Dr Apt 2109 | condos | 1 | 1 | 825 | $295,000 | 2026-06-22 |
| 900 Biscayne Blvd Apt 3110 | condos | 1 | 2 | 1,031 | $610,000 | 2026-06-22 |
| 601 NE 1st Ave Unit 3704 | condos | 1 | 1 | — | $460,000 | 2026-06-18 |
| 275 NE 18th St Apt 901 | condos | 1 | 1 | 734 | $315,000 | 2026-06-16 |
| 133 NE 2nd Ave Apt 2015 | condos | 1 | 1 | 651 | $290,000 | 2026-06-16 |
| 900 Biscayne Blvd Apt 5104 | condos | 1 | 2 | 938 | $670,000 | 2026-06-12 |
| 133 NE 2nd Ave Apt 2515 | condos | 1 | 1 | 651 | $275,800 | 2026-06-09 |
| 1040 Biscayne Blvd Apt 4208 | condos | 1 | 2 | 1,029 | $530,000 | 2026-06-09 |
| 1900 N Bayshore Dr Apt 505 | condos | 1 | 1 | 811 | $412,000 | 2026-06-08 |
| 1600 NE 1st Ave Apt 1011 | condos | 1 | 2 | — | $400,000 | 2026-06-04 |
| 851 NE 1st Ave Unit 2102 | condos | 1 | 2 | 937 | $525,000 | 2026-06-02 |
| 133 NE 2nd Ave Apt 1905 | condos | 1 | 1 | 651 | $290,000 | 2026-06-01 |
| 159 NE 6th St Unit 2607 | condos | 1 | 1 | 505 | $452,500 | 2026-05-29 |
| 244 Biscayne Blvd Apt 2306 | condos | 1 | 1 | 806 | $365,000 | 2026-05-22 |
| 244 Biscayne Blvd Apt 3104 | condos | 1 | 1 | 806 | $390,000 | 2026-05-22 |
| 1800 N Bayshore Dr Apt 3206 | condos | 1 | 1 | 822 | $365,000 | 2026-05-19 |
| 1750 N Bayshore Dr Apt 2804 | condos | 1 | 1 | 791 | $320,000 | 2026-05-18 |
| 133 NE 2nd Ave Apt 2611 | condos | 1 | 1 | 651 | $289,900 | 2026-05-18 |
| 601 NE 1st Ave Unit 4407 | condos | 1 | 1 | 550 | $420,000 | 2026-05-15 |
| 133 NE 2nd Ave Apt 1410 | condos | 1 | 1 | 620 | $280,000 | 2026-05-15 |
| 888 Biscayne Blvd Apt 4011 | condos | 1 | 2 | 845 | $540,000 | 2026-05-13 |
| 488 NE 18th St Unit 4605 | condos | 1 | 2 | 743 | $510,000 | 2026-05-05 |
| 1900 N Bayshore Dr Apt 3616 | condos | 1 | 2 | 867 | $417,500 | 2026-05-01 |
| 1040 Biscayne Blvd Apt 3508 | condos | 1 | 2 | 808 | $385,000 | 2026-04-30 |
| 398 NE 5th St Apt 3008 | condos | 1 | 1 | 430 | $450,000 | 2026-04-23 |
| 398 NE 5th St Apt 4507 | condos | 1 | 1 | 442 | $520,000 | 2026-04-23 |
| 1717 N Bayshore Dr Unit A1439 | condos | 1 | 2 | 1,066 | $410,000 | 2026-04-21 |
| 398 NE 5th St Apt 1905 | condos | 1 | 1 | 442 | $420,000 | 2026-04-20 |
| 1900 N Bayshore Dr Apt 1708 | condos | 1 | 1 | 837 | $375,000 | 2026-04-16 |
| 227 NE 2nd St Apt 2601 | condos | 1 | 1 | 455 | $385,000 | 2026-04-15 |
| 1717 N Bayshore Dr Unit A2637 | condos | 1 | 2 | 1,048 | $555,000 | 2026-04-15 |
| 1750 N Bayshore Dr Apt 3612 | condos | 1 | 1 | 791 | $322,000 | 2026-04-14 |
Same ZIP. Other properties currently for sale nearby — asking prices, not closed sale prices. Not a price comp; see Sold comps for actual transaction history.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 1750 N Bayshore Dr Apt 3403 | condos | 1 | 1 | 791 | $362,000 | — |
| 851 NE 1st Ave Unit 2110 | condos | 1 | 2 | 1,185 | $730,000 | — |
| 121 NE 5th St Apt 2908 | condos | 1 | 1 | 606 | $525,000 | — |
| 1600 NE 1st Ave Apt 3614 | condos | 1 | 2 | 857 | $469,000 | — |
| 900 Biscayne Blvd Apt 3803 | condos | 1 | 2 | 912 | $750,000 | — |
| 398 NE 5th St Apt 1407 | condos | 1 | 1 | 442 | $795,000 | — |
| 159 NE 6th St Unit 3108 | condos | 1 | 1 | 832 | $510,000 | — |
| 1600 NE 1st Ave Apt 2405 | condos | 1 | 2 | 867 | $505,000 | — |
10-year hold projection
IRR-0.6%
Equity multiple0.90x
Total return (10yr)$47,364
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $462,470 | $11,529 | -$18,151 | $355,305 | $107,165 |
| 2 | $476,344 | $11,999 | -$17,730 | $351,143 | $125,201 |
| 3 | $490,634 | $12,487 | -$17,293 | $346,696 | $143,939 |
| 4 | $505,353 | $12,992 | -$16,840 | $341,942 | $163,411 |
| 5 | $520,514 | $13,516 | -$16,369 | $336,863 | $183,651 |
| 6 | $536,129 | $14,059 | -$15,881 | $331,434 | $204,695 |
| 7 | $552,213 | $14,622 | -$15,374 | $325,633 | $226,581 |
| 8 | $568,780 | $15,205 | -$14,849 | $319,433 | $249,347 |
| 9 | $585,843 | $15,809 | -$14,303 | $312,808 | $273,035 |
| 10 | $603,418 | $16,435 | -$13,738 | $305,727 | $297,691 |
Assumes 3.0% annual rent growth, 2.5% expense growth, 3.0% appreciation, and a 6.0% selling cost at exit — all placeholder assumptions, not market-derived.