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1429 NE 118th Ter, Miami FL 33161

Multi-family For Sale
$720,000

BTC: 9.55984864

ETH: 288.00000000

-$29K (2026/09/07)
61 days
0 room(s)
1,820 sqft

Overview

Turnkey Income-Producing Duplex! Don’t miss this exceptional investment opportunity in the growing Biscayne Court area of Miami. This well-kept duplex consists of two spacious 2-bedroom, 2-bath residences, each featuring central air conditioning, tile floors, in-unit washer and dryer, separate electric meters, and private entrances. Currently fully leased with stable rental income of $4,400 per month ($2,250 and $2,150), offering immediate cash flow from day one. The property is ideally situated just off Biscayne Boulevard near Whole Foods, shopping centers, restaurants, universities, parks, and major commuter routes, making it highly desirable to tenants. Its central location provides convenient access to Downtown Miami, Miami Shores, North Miami, Aventura, and beautiful beaches. Whether you’re a seasoned investor completing a 1031 exchange or a buyer seeking to offset your mortgage by occupying one unit while renting the other, this duplex represents an outstanding opportunity in a high-demand rental market with strong long-term appreciation potential.

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1971
Lot:
No Data
Heating:
Central / Electric
Price/sqft:
$396
Cooling:
Electric
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$568,875
$360K – $790K
Confidence Low
List vs. estimate
$151K above estimate
List $720,000 · +26.6%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$395
-9.4% vs. city median $436
Based on
16 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $242K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$9,094
2025
Parking
6 spaces
All facts and features
  • Flooring

    • Tile

    Heating

    • Central

    • Electric

    Cooling

    • Electric

  • Other Property Information

    • Parcel Number: 30-22-32-020-0800

    • Zoning: 5700

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Other financial information

    • Annual tax amount: $9,094

  • Source details

    • MLS ID: A12053910

    Other facts

    • Construction Materials: CBS Construction

    • Lot Features: Less Than 1/4 Acre Lot

    • Architectural Style: Attached

    • Living Area: 1820

    • Subdivision Name: BISCAYNE COURT

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Casanova International Realty