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0 Baths
2,860 sqft

$1,298,000

265 NE 116th Street, Miami FL, 33161

Price per sqft$453.85
Built in1951
Property size2,860 sqft
Property typeMulti-family

Overview

Active

Listed Sep 25, 2026

Updated 7 days ago

Rare 12,750 SF lot (75' x 170') in a high-demand rental pocket between Biscayne Park and Miami Shores — a block actively transforming, with new construction nearby. Fully renovated front duplex (two 2BR/1BA units, ~900 SF each) features new kitchens, new bathrooms, and in-unit laundry — clean, modern, move-in ready. A detached cottage at the rear adds flexible additional living space and income potential, with six parking spaces total. Currently producing $8,600/month with strong, consistent occupancy. Deep backyard with mature trees creates a private, compound-style setting. Concrete block construction, built 1951. Significant land value and redevelopment upside given lot size and neighborhood trajectory. Ideal for investors, multigenerational buyers, builders, or anyone wanting a home providing income plus room to grow.

$8,636/mo

Est. mortgage payment based on a $1,298,000 home price.

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

Other Property Details

Taxes
$14,669
Tax Frequency
Annually

Listed with Avanti Way Realty LLC

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Data last updated 3:45 AM UTC, 10/1/2026

 

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