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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 41h ago

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.

$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 3:54 AM UTC, 10/24/2026

 

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