265 NE 116th St Miami, FL $ 1,398,000
265 NE 116th St
$ 1,398,000
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265 NE 116th St

Miami, FL, 33161
$ 1,398,000
Bedrooms2 Baths1.0 Sq 2,860

Monthly Estimate*

$ 8,608

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Multi-Family Home for sale in Miami, FL

for $1,398,000 with 2 bedrooms and 1 full bath. This 2,860 square foot home was built in 1951.

Fully renovated, income producing duplex with separate cottage, located close to Barry University. This turnkey multi family property is ideal for investors seeking strong rental income in a high demand area with additional upside potential. The property has been thoughtfully updated with new kitchens and baths, plus washer and dryer in each unit, offering clean, modern living spaces. In addition to the duplex, there is a detached cottage in the rear that allows for additional rental income, creating a flexible income producing setup within one property. Currently generating $8500 per month, this property presents an established income stream in a thought after pocket, between Biscayne Park and Miami Shores that continue to see consistent rental demand driven by students, faculty and local professionals. A solid, renovated asset in a proven rental market, with strong appreciation potential.

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Multi-Family Active

Price

$ 1,398,000

Bedrooms

2

Full Bath

1

Property Type

Multi-Family

Taxes

$ 14,669

Style

Year Built

1951

Town/City

Miami

County/Region

Miami-Dade

MLS | Web ID

A11971232

Features
General
Sewer Septic Tank
Heating Central Electric
Cooling Central Air Electric
Utilities Cable Available
Possession Before Closing Subject To Tenant Rights
Roof Shingle
Patio/Porch Features Deck
Pool Features None
Construction Materials Block
Year Built 1951
Stories Count 1
Levels One
Property Subtype Duplex
Tax Year 2025
Community Features Laundry Facilities
County Miami-Dade
Property Type Residential Income
Subdivision Name TRESULEE
Rent Includes Gardener Pest Control Trash Collection
Full Baths 1
Status Active
Directions North on NE 2nd Avenue to 116th Street; make a right.
City Miami
Disclosures Owner Is Listing Agent
Zoning Description 0100
Number Of Units Total 3
MLS Area 22
Lot Size Units Square Feet
Listing Terms Cash
Year Built Details Resale
Tax Annual Amount 14669
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11971232
Standard Status Active
Occupancy Type Tenant
Property Sub Type Additional Duplex
Legal Description TRESULEE PB 7-141 LOT 11 & E1/2 LOT 10 BLK 1 LOT SIZE 75.000 X 170 OR16803-3260/23813-70 0595 5
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Interior
Flooring Ceramic Tile Hardwood Laminate Wood
Air Conditioning Y/N true
Heating Y/N true
Window Features Blinds Impact Glass
Half Baths 0
Total Bedrooms 2
Total Baths 0
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Exterior
Exterior Amenities Deck Fence Security/High Impact Doors Room For Pool
Lot Features 1/4 to 1/2 Acre Lot
Total Parking 5
Building Area Total 3262
Waterfront Y/N false
Covered Spaces 0
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* Excluded Features
List By
Avanti Way Realty Llc

Broker

helene.calini@gmail.com

Email

Affordability Calculator

$9,830
Per Month
88%
12%
0%
Monthly Principal & Interest
$8,608
Monthly Property Taxes
$1,222
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/25/2026$1,398,000 Listed Price

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265 NE 116th St, Miami, FL, 33161 is a Multi-Family Home for sale at $1,398,000 with 2,860 sqft. 265 NE 116th St has 2 bedrooms, 1.0 baths, and was built in 1951. The property's zip code is 33161 which is in Miami, FL