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250 NE 119th Terrace, Miami FL 33161

Multi-family For Sale
$2,250,000

BTC: 38.04531620

ETH: 1,451.61290323

-$1M (2026/05/01)
148 days
0 room(s)
5,600 sqft

Overview

Brand-new two-story duplex offering exceptional flexibility and income potential in North Miami Beach. Each side is currently configured as a spacious 4-bedroom, 4-bathroom residence spanning two full floors, totaling approximately 5,600 sq ft of new construction. The layout provides an opportunity for functional separation between upper and lower levels. With proper permits and approvals, the property may be reconfigured into four separate units. Using the current layout, this could result in four 2-bedroom, 2-bathroom units, each offering approximately 1,400 sq ft — an extremely generous size that supports strong rental income potential. Additionally, the floor plan allows the possibility to add another bedroom per unit (subject to approvals), creating four 3-bedroom, 2-bathroom units, further enhancing rental value and long-term return. Features include balconies, in-unit washer and dryer, individually metered A/C systems, and on-site parking. Ideal opportunity for investors seeking new construction with immediate usability and significant upside through strategic reconfiguration (buyer to verify all feasibility with the city).

Location

Florida • Miami • 33161 • Multi-family • For Sale

Details

Type:
Residential Income
Parking:
No Data
Year Built:
2026
Lot:
No Data
Heating:
Central / Electric
Price/sqft:
$402
Cooling:
Central Air / Electric
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$2,220,000
$1.6M – $2.9M
Confidence Low
List vs. estimate
At estimate
List $2,250,000 · +1.4%
List is in line with recent comparable activity.
Price per sq ft
$401
-7.7% vs. city median $435
Based on
6 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $630K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$10,242
2025
Parking
4 spaces
All facts and features

  • Flooring

    • Tile

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    • Electric

  • Property

    • Exterior Features: Balcony / Room For Pool

    Other Property Information

    • Parcel Number: 30-22-31-037-0330

    • Zoning: 5700

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Other financial information

    • Annual tax amount: $10,242

  • Source details

    • MLS ID: A11950336

    Other facts

    • Construction Materials: Concrete Block Construction

    • Lot Features: Less Than 1/4 Acre Lot

    • Window Features: Clear Impact Glass / Complete Impact Glass / High Impact Windows / Impact Glass

    • Architectural Style: Detached

    • Living Area: 5600

    • Water Source: Municipal Water

    • Subdivision Name: BELLEVUE BISCAYNE

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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Market around this address

Live counts in the same area.
View all
This zip
33161
291
median $624K
Active
Same city
Miami
12,539
median $640K
Active
Same type
Multi-family
528
median $995K
Active
Similar price
$1.6M – $2.9M
1,157
median $2.0M
Active

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: Compass Florida, LLC