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1400 NE 111th St, Miami FL 33161

Commercial For Sale
$4,000,000

BTC: 66.84268574

ETH: 2,508.32450194

205 days
0 room(s)

Overview

Prime North Miami 18-Unit Multifamily Asset Well-maintained three-story apartment building offering 18 income-producing units in a strong rental corridor near Biscayne Blvd, major retail, and public transit. The property consists of 12 spacious 2BD/1BA units and 6 1BD/1BA units, with significant upside in rents as current rates trail area averages. Property features include gated entry, a central courtyard with pool, and an on-site laundry room equipped with 2 washers and 2 dryers for additional income. Exterior walkways and two stair towers provide efficient access to all units. Stable tenant base and straightforward management make this an attractive opportunity for both new and seasoned investors. Strong value-add potential through interior upgrades, rent stabilization, and repositioning. Located minutes from Miami Shores, FIU Biscayne Bay Campus, and major employment centers.

Location

Florida • Miami • 33161 • Commercial • For Sale

Details

Type:
Commercial Sale
Parking:
No Data
Year Built:
1962
Lot:
19180 Square Feet
Heating:
Wall/Window Units
Price/sqft:
No Data
Cooling:
Wall/Window Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$4,200,000
$1.8M – $5.7M
Confidence Low
List vs. estimate
$200K below estimate
List $4,000,000 · -4.8%
Our model says this listing is priced below recent comparable activity. Expect competition.
Based on
8 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $492K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$38,375
2024
All facts and features

  • Flooring

    • Carpet

    • Ceramic Floor

    Heating

    • Wall/Window Units

    Cooling

    • Wall/Window Unit(s)

  • Lot

    • Lot: 19180 Square Feet

    Other Property Information

    • Parcel Number: 30-22-32-000-0090

    • Zoning: 3800

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Income/MultiFamily

  • Other financial information

    • Annual tax amount: $38,375

  • Source details

    • MLS ID: A11919179

    Other facts

    • Construction Materials: Concrete Block Construction

    • Lot Features: In Residential Area

    • Water Source: Public

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
278
median $624K
Active
Same city
Miami
12,270
median $639K
Active
Same type
Commercial
1,200
median $1.2M
Active
Similar price
$2.8M – $5.2M
726
median $3.8M
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: Canvas Real Estate