265 NE 116th St Miami, FL $ 1,298,000
265 NE 116th St
$ 1,298,000
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265 NE 116th St

Miami, FL, 33161
$ 1,298,000
Bedrooms2 Baths1.0 Sq 2,860

Monthly Estimate*

$ 8,965

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Multi-Family Home for sale in Miami, FL

for $1,298,000 with 2 bedrooms and 1 full bath. This 2,860 square foot home was built in 1951.

Income producing duplex + Cottage on a rare 12,750 SF lot (75' x 170') in a high-demand rental pocket between Biscayne Park and Miami Shores, on a block transforming with new construction. Fully occupied with strong consistent rental history - Income details in the broker remarks.The fully renovated front duplex offers two turnkey 2-bed/1-bath units, (~900 SF each) with new kitchens, new bathrooms, and in-unit laundry. A detached permitted rear structure adds exceptional flexibility -garage, studio, gym, office or guest space- l plus additional income potential. 6 parking spaces, concrete block construction (1951) and a deep backyard with mature trees creating a private, compound-style setting. Significant land value with redevelopment upside given lot size and neighborhood trajectory. Ideal for investors, multigenerational buyers and builders - live in one unit, rent the others, and hold for land. Turnkey income from day one.

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Multi-Family Active

Price

$ 1,298,000

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

A12095976

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 CBS (Concrete Block Structure) 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 2
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/A12095976
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 6
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

$10,187
Per Month
88%
12%
0%
Monthly Principal & Interest
$8,965
Monthly Property Taxes
$1,222
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
9/26/2026$1,298,000 Listed Price

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265 NE 116th St, Miami, FL, 33161 is a Multi-Family Home for sale at $1,298,000 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