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265 NE 116th St, Miami FL 33161

Multi-family For Sale
$1,298,000

BTC: 15.61222035

ETH: 489.81132075

2 days
0 room(s)
2,860 sqft

Overview

Rare 12,750 SF lot (75' x 170') in a high-demand rental pocket between Biscayne Park and Miami Shores — a block actively transforming, with new construction nearby. Fully renovated front duplex (two 2BR/1BA units, ~900 SF each) features new kitchens, new bathrooms, and in-unit laundry — clean, modern, move-in ready. A detached cottage at the rear adds flexible additional living space and income potential, with six parking spaces total. Currently producing $8,600/month with strong, consistent occupancy. Deep backyard with mature trees creates a private, compound-style setting. Concrete block construction, built 1951. Significant land value and redevelopment upside given lot size and neighborhood trajectory. Ideal for investors, multigenerational buyers, builders, or anyone wanting a home providing income plus room to grow.

Location

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

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1951
Lot:
No Data
Heating:
Central / Electric
Price/sqft:
$454
Cooling:
Central Air / Electric
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$599,000
$459K – $1.1M
Confidence Low
List vs. estimate
$699K above estimate
List $1,298,000 · +116.7%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$453
+2.9% vs. city median $441
Based on
5 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $649K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$14,669
2025
Parking
6 spaces
All facts and features

  • Flooring

    • Ceramic Floor

    • Wood

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    • Electric

  • Property

    • Exterior Features: Room For Pool

    Other Property Information

    • Parcel Number: 30-22-31-040-0050

    • Zoning: 0100

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Other financial information

    • Annual tax amount: $14,669

  • Source details

    • MLS ID: A12095976

    Other facts

    • Construction Materials: Concrete Block Construction / CBS Construction

    • Lot Features: 1/4 To Less Than 1/2 Acre Lot

    • Patio And Porch Features: Deck

    • Window Features: Blinds / High Impact Windows

    • Architectural Style: Detached

    • Living Area: 2860

    • Subdivision Name: TRESULEE

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
143
median $729K
Active
Same city
Miami
6,553
median $635K
Active
Same type
Multi-family
258
median $899K
Active
Similar price
$908K – $1.7M
946
median $1.2M
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: Avanti Way Realty LLC