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845 NE 121st St, North Miami FL 33161

Multi-family For Sale
$950,000

BTC: 16.06357795

ETH: 612.90322581

-$50K (2026/06/22)
111 days
0 room(s)
1,942 sqft

Overview

Prime development opportunity in North Miami. Oversized 13,000 sq ft lot with existing income-producing duplex currently leased. The property received administrative approval from the city of North Miami to construct a 5 unit multifamily building, offering excellent redevelopment potential. Investors may choose to renovate and hold the existing duplex for rental income or move forward with the approval multifamily project. Also, an ideal opportunity to build a custom dream home on a large lot just minutes from Miami Shores, top schools and neighborhood shops. The exiting duplex is currently leased and in need of renovations. Tenant occupied, Do Not Disturb tenants or walk the property.

Location

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

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1947
Lot:
No Data
Heating:
Central / Window/Wall
Price/sqft:
$489
Cooling:
Central Air / Wall/Window Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$600,000
$471K – $1.0M
Confidence Low
List vs. estimate
$350K above estimate
List $950,000 · +58.3%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$489
+27.2% vs. city median $384
Based on
37 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $873K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$10,469
2024
Parking
5 spaces
All facts and features

  • Flooring

    • Ceramic Floor

    • Wood

    Heating

    • Central

    • Window/Wall

    Cooling

    • Central Air

    • Wall/Window Unit(s)

  • Other Property Information

    • Parcel Number: 06-22-30-018-0280

    • Zoning: 3700

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Other financial information

    • Annual tax amount: $10,469

  • Source details

    • MLS ID: A11978086

    Other facts

    • Construction Materials: Concrete Block Construction

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

    • Architectural Style: Other

    • Living Area: 1942

    • Subdivision Name: BISCAYNE TERRACE

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
North Miami
909
median $375K
Active
Same type
Multi-family
16
median $712K
Active
Similar price
$665K – $1.2M
139
median $859K
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: Torque Property Management