Nestled between Biscayne Park and Miami Shores, this tropical multi-unit property is within walking distance to Miami Country Day School. High elevation, no flood zone, multi-unit parcel in unincorporated Miami-Dade so property taxes are almost half of the neighboring communities—maximizing your net return.This turnkey residential legal duplex generates $5,150/month gross ($61,800/yr).The front unit is divided into two efficiencies, both are rented at $1,200 per month, both of these tenants are on annual leases. Both feature a flexible 30-day right to cancel. All security deposits transfer to the buyer. The rear unit has a 2-year lease ending Aug-2028, rent is $2,750 per month and escalates to $2,800 in August 2027.Rents include utilities. Capital improvements offer total peace of mind: a new roof (2024), newer central A/C system, new impact windows/doors, a paved parking lot, washer/dryer, and the extra building/shed with electricity that conveys. There are two separate electric meters (one for the back unit, one for the two front units) and one shared water meter. Property has a total of three tankless water heaters.The full report of 2026 4-Points Inspection and Wind Mitigation Reports are attached in the listing.
Current real estate data for Multi Family in Miami as of Nov 10, 2026
546
Multi Family Listed
129
Avg DOM
470
Avg $ / SqFt
$1,161,095
Avg List Price
Listing Provided Courtesy of Pamela Hall Real Estate, LLC. at 561-248-3018
Property Details
Price:
$679,000
MLS #:
A12040451
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Duplex
Subdivision:
MIAMI HIGHLANDS SEC A
Neighborhood:
2220
Listed Date:
Aug 11, 2026
Finished Sq Ft:
1,762
Total Sq Ft:
1,762
Year Built:
1947
Units:
3
Schools
Elementary School:
Hubert O. Sibley K-8 Academy
Middle School:
Horace Mann
High School:
Miami Edison
Interior
Cooling
Ceiling Fan(s), Central Air, Electric, Wall/Window Unit(s)
Flooring
Clay, Terrazzo, Vinyl
Heating
Separate Meters, Central, Electric
Laundry Features
Outside
Exterior
Construction Materials
CBS
Exterior Features
Lighting
Fencing
Fenced
Other Structures
Outbuilding
Patio And Porch Features
Deck
Roof
Tar/Gravel
Financial
Tax Year
2025
Taxes
$5,510
Map
Contact Us
Mortgage Calculator
Community
- Address259 NE 111th Street Miami FL
- SubdivisionMIAMI HIGHLANDS SEC A
- CityMiami
- CountyMiami-Dade
- Zip Code33161
Property Summary
- Located in the MIAMI HIGHLANDS SEC A subdivision, 259 NE 111th Street Miami FL is a Multi Family for sale in Miami, FL, 33161. It is listed for $679,000 To schedule a showing of MLS#a12040451 at 259 NE 111th Street in Miami, FL, contact your Trust House Realty agent at 9543362003.
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