250 NE 119th Terrace, Miami FL 33161

Multi-family For Sale

$2,250,000

BTC: 35.15625000

ETH: 1,250.00000000

-$1M (2026/05/01)

126 days

For Sale

Multi-family

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

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

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.

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

-6.7% vs. city median $430

Based on

6 MLS comparables

+ 30 public-records sales within 0.5 mi

Median actual sale: $581K

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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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

250 NE 119th Terrace, Miami FL 33161

Overview

Location

Details

Valuation

Highlights

Interior details

Property details

Construction details

HOA and Financial Details

Other

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