Rare opportunity to own a fully legal 3-unit triplex in a highly desirable Miami location near Biscayne Blvd, offered at $749,000 — approximately $250K per unit. This income-producing property features two 2/1 units and one fully renovated efficiency. One 2/1 is currently vacant and was previously renting for $1,850/month until September 2025 and is now leased at $1,850. The second 2/1 is rented month-to-month at $1,750/month, and the renovated efficiency is leased at $1,395/month through August 31, 2026 with option to renew. The property is cash flowing from day one with strong in-place income and additional upside potential. If the two 2/1 units are renovated, there is a clear opportunity to further increase rents and maximize returns, making this an attractive value-add investment. Expenses are estimated at approximately $8,000 per year. All units are separately metered with tenants paying their own electricity. Water is included up to $75 per month, with any overage split among tenants. Prime central location surrounded by shopping centers, restaurants, businesses, and just minutes to Downtown Miami, beaches, and major highways, offering strong rental demand and long-term appreciation potential.
Current real estate data for Multi Family in Miami as of Nov 10, 2026
552
Multi Family Listed
127
Avg DOM
469
Avg $ / SqFt
$1,156,170
Avg List Price
Listing Provided Courtesy of Dalton Wade Inc at 888-668-8283
Property Details
Price:
$739,000
MLS #:
A11965310
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Triplex
Subdivision:
BISCAYNE SHORES CORR PLAT
Neighborhood:
2220
Listed Date:
Feb 12, 2026
Finished Sq Ft:
2,090
Total Sq Ft:
2,090
Year Built:
1954
Units:
3
Schools
Elementary School:
Miami Shores
Middle School:
Horace Mann
High School:
Miami Edison
Interior
Cooling
Central Air, Electric
Flooring
Tile
Heating
Separate Meters, Central
Exterior
Construction Materials
Block
Roof
Other
Financial
Tax Year
2025
Taxes
$8,212
Map
Contact Us
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Community
- Address1220-1222 NE 110th Terrace Miami FL
- SubdivisionBISCAYNE SHORES CORR PLAT
- CityMiami
- CountyMiami-Dade
- Zip Code33161
Property Summary
- Located in the BISCAYNE SHORES CORR PLAT subdivision, 1220-1222 NE 110th Terrace Miami FL is a Multi Family for sale in Miami, FL, 33161. It is listed for $739,000 To schedule a showing of MLS#a11965310 at 1220-1222 NE 110th Terrace in Miami, FL, contact your Trust House Realty agent at 9543362003.
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