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0 Baths
4,995 sqft

$2,475,000

1239 NE 110th Street, Miami FL, 33161

Price per sqft$495.50
Built in1947
Property size4,995 sqft
Property typeMulti-family

Overview

Active

Listed Aug 14, 2026

Updated 2 weeks ago

11 UNIT Commercial Multifamily garden apartment community in a pocket of unincorporated Miami-Dade, one block west of Biscayne Blvd between Miami Shores and North Miami. Single-story reinforced concrete, renovated in 2019, arranged around a central lawn. *UNIT MIX: 7x Studio, 4x 1BR* Each unit is separately metered for electric. Priced at $225,000 per door. That basis falls inside the band set by ten closed mainland trades since November 2025, including a 1948 fourplex one block away on NE 110th Terrace that sold for $223,750 per unit in May 2026. The pro forma applies market rents of $1,325 per studio and $1,835 per one-bedroom, figures well below the $2,244 submarket average asking rent, leaving room for growth on ordinary turnover. Pro forma figures are assumptions, not statements of current collections. Buyer to verify all information independently.This is a fantastic value-add opportunity if you manage your own rentals, are looking to level up from single family homes, or looking to get placed into the right area with strong future appreciation potential. Elevated site above grade, you have to see for yourself! We can help with commercial multifamily debt options as well through our network of CRE lenders. Reach out today for more information!

$16,466/mo

Est. mortgage payment based on a $2,475,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

Taxes
$22,663
Tax Frequency
Annually

Listed with Keller Williams Legacy

All listings featuring the BMLS logo are provided by Association of Palm Beaches. This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by MLS.

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Data last updated 12:29 PM UTC, 9/23/2026

 

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