Fully renovated, income producing duplex with separate cottage, located close to Barry University. This turnkey multi family property is ideal for investors seeking strong rental income in a high demand area with additional upside potential.
The property has been thoughtfully updated with new kitchens and baths, plus washer and dryer in each unit, offering clean, modern living spaces. In addition to the duplex, there is a detached cottage in the rear that allows for additional rental income, creating a flexible income producing setup within one property. Currently generating $8500 per month, this property presents an established income stream in a thought after pocket, between Biscayne Park and Miami Shores that continue to see consistent rental demand driven by students, faculty and local professionals. A solid, renovated asset in a proven rental market, with strong appreciation potential.
The property has been thoughtfully updated with new kitchens and baths, plus washer and dryer in each unit, offering clean, modern living spaces. In addition to the duplex, there is a detached cottage in the rear that allows for additional rental income, creating a flexible income producing setup within one property. Currently generating $8500 per month, this property presents an established income stream in a thought after pocket, between Biscayne Park and Miami Shores that continue to see consistent rental demand driven by students, faculty and local professionals. A solid, renovated asset in a proven rental market, with strong appreciation potential.
Property Details
Price:
$1,398,000
MLS #:
A11971232
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Duplex
Subdivision:
TRESULEE
Neighborhood:
tresulee
Listed Date:
Feb 27, 2026
Finished Sq Ft:
2,860
Total Sq Ft:
3,262
Year Built:
1951
See this Listing
Schools
Interior
Cooling
Central Air, Electric
Flooring
Ceramic Floor, Wood
Heating
Central, Electric
Exterior
Architectural Style
Detached
Building Features
Laundry Facility
Construction Materials
Concrete Block Construction, CBS Construction
Exterior Features
Room For Pool
Fencing
Fenced
Lot Features
1/4 To Less Than 1/2 Acre Lot
Parking Spots
5
Parking Total
5
Patio And Porch Features
Deck
Roof
Shingle
Stories
1
Window Features
Blinds, High Impact Windows
Financial
Tax Year
2025
Taxes
$14,669
Map
Community
- Address265 NE 116th St Miami FL
- SubdivisionTRESULEE
- CityMiami
- CountyMiami-Dade County
- Zip Code33161
Market Summary
Current real estate data for Multi Family in Miami as of Apr 12, 2026
495
Multi Family Listed
146
Avg DOM
476
Avg $ / SqFt
$1,137,721
Avg List Price
Property Summary
- Located in the TRESULEE subdivision, 265 NE 116th St Miami FL is a Multi Family for sale in Miami, FL, 33161. It is listed for $1,398,000
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