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259 NE 111th St, Miami FL 33161

Multi-family For Sale
$679,000

BTC: 10.41730592

ETH: 356.87255603

41 days
0 room(s)
1,762 sqft

Overview

Spectacularly situated between the prestigious Villages of Biscayne Park and Miami Shores, the property is within walking distance to Miami Country Day School. Located in unincorporated Miami-Dade, your annual property taxes are significantly lower than neighboring communities—maximizing your net returns! No Flood Zone Vacant, remodeled, ready to tour! Live in the 4 Bedroom unit and enjoy rental income from the other 2 units. Or rent them All. This turnkey residential duplex generates $5,100/month gross ($61,200/yr), with the vacant 4 bedroom 2 bath unit projected at $2,800/mo. The front unit is divided into two efficiencies, producing immediate cash flow at $1,100 and $1,200/month on annual leases. Both feature a flexible 30-day right to cancel, and security deposits transfer. Rents include utilities. Capital improvements offer total peace of mind: a new roof (2023), new central A/C system, new impact windows/doors, a huge newly paved parking lot, washer/dryer, and the extra building/shed with electricity that conveys. Features two separate electric meters (one for the back unit, one for the two front units) and one shared water meter. Preview the largest unit today to experience the high-end finishes, which are completely mirrored in the two front units. To respect occupant privacy, the tenant-occupied units will only be shown during the inspection period with a fully executed contract; please do not disturb tenants. See attachments for Inspection Reports and Survey.

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1947
Lot:
No Data
Heating:
Central / Electric
Price/sqft:
$385
Cooling:
Ceiling Fan(s) / Central Air / Electric / Wall/Window Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$575,000
$394K – $854K
Confidence Low
List vs. estimate
$104K above estimate
List $679,000 · +18.1%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$385
-10.1% vs. city median $428
Based on
46 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $731K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$5,510
2025
Parking
5 spaces
All facts and features
  • Flooring

    • Terrazzo

    • Vinyl

    Heating

    • Central

    • Electric

    Cooling

    • Ceiling Fan(s)

    • Central Air

    • Electric

    • Wall/Window Unit(s)

  • Property

    • Exterior Features: Exterior Lights / Room For Pool

    Other Property Information

    • Parcel Number: 30-22-31-029-0060

    • Zoning: 5700

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Green energy

    • Doors

    • Windows

  • Other financial information

    • Annual tax amount: $5,510

  • Source details

    • MLS ID: A12040451

    Other facts

    • Construction Materials: CBS Construction

    • Lot Features: Less Than 1/4 Acre Lot

    • Patio And Porch Features: Deck

    • Window Features: Clear Impact Glass / Complete Impact Glass / Hurricane Shutters / Blinds / High Impact Windows

    • Other Structures: Extra Building/Shed

    • Architectural Style: Attached / Ranch

    • Living Area: 1762

    • Water Source: Municipal Water

    • Subdivision Name: MIAMI HIGHLANDS SEC A

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: Pamela Hall Real Estate, LLC.