Prime development opportunity in North Miami. Oversized 13,000 sq ft lot with existing income-producing duplex currently leased. The property received administrative approval from the city of North Miami to construct a 5 unit multifamily building, offering excellent redevelopment potential. Investors may choose to renovate and hold the existing duplex for rental income or move forward with the approval multifamily project. Also, an ideal opportunity to build a custom dream home on a large lot just minutes from Miami Shores, top schools and neighborhood shops. The exiting duplex is currently leased and in need of renovations. Tenant occupied, Do Not Disturb tenants or walk the property.
Property Details
Price:
$1,000,000
MLS #:
A11978086
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Duplex
Subdivision:
BISCAYNE TERRACE
Neighborhood:
biscayneterrace
Listed Date:
Mar 6, 2026
Finished Sq Ft:
1,942
Total Sq Ft:
2,790
Year Built:
1947
See this Listing
Schools
Interior
Cooling
Central Air, Wall/Window Unit(s)
Flooring
Ceramic Floor, Wood
Heating
Central, Window/Wall
Exterior
Architectural Style
Other
Construction Materials
Concrete Block Construction
Parking Spots
5
Roof
Shingle
Financial
Tax Year
2024
Taxes
$10,469
Map
Community
- Address845 NE 121st St North Miami FL
- SubdivisionBISCAYNE TERRACE
- CityNorth Miami
- CountyMiami-Dade County
- Zip Code33161
Market Summary
Current real estate data for Multi Family in North Miami as of Mar 07, 2026
14
Multi Family Listed
153
Avg DOM
384
Avg $ / SqFt
$1,068,789
Avg List Price
Property Summary
- Located in the BISCAYNE TERRACE subdivision, 845 NE 121st St North Miami FL is a Multi Family for sale in North Miami, FL, 33161. It is listed for $1,000,000
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