Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
0 Baths
1,762 sqft

$679,000

259 NE 111th Street, Miami FL, 33161

Price per sqft$385.36
Built in1947
Property size1,762 sqft
Property typeMulti-family

Overview

Active

Listed Jun 21, 2026

Updated 5h ago

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.

$4,517/mo

Est. mortgage payment based on a $679,000 home price.

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

Other Property Details

Taxes
$5,510
Tax Frequency
Annually

Listed with Pamela Hall Real Estate, LLC.

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.

©2026 Association of Palm Beaches. All rights reserved. 

Data last updated 5:50 PM UTC, 11/4/2026

 

Powered by Luxury Presence