265 NE 116th Street, Miami, FL 33161 (MLS# A12095976)

265 NE 116th Street, Miami, FL 33161

$1,298,000
Property Type: Residential Income Square Footage: 3,262 Status: Active
Current Price: $1,298,000 List Date: 9/17/2026 Last Modified: 9/26/2026

Overview

Description

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.

Listing Details MLS# A12095976

General Property Information

Number Of Units Total
2
Property Sub Type
Duplex
Building Area Main
3262
Living Area Main
2860
Adjusted Area Main
1804
Year Built
1951
Parking Total
6
Outdoor Living Spaces YN
Yes
Stories Total
Yes
Pool Private YN
No

Property Features

Documents Available: Copy Of Lease(s); Other Available Information; Rent Rolls Fencing: Fenced Flooring: Ceramic Tile; Laminate; Wood Property Condition: Resale Structure Type: Duplex Construction Materials: Block; CBS Cooling: Central Air; Electric Heating: Central; Electric; Separate Meters Laundry Features: Outside Listing Terms: Cash Lot Features: Room for Pool Possession: Before Closing; Subject To Tenant Rights Roof: Shingle Sewer: Septic Tank Tax Information: Tax Reflects No Exemptions Utilities: Cable Available Showing Requirements: 24 Hour Notice Outdoor Living Spaces: Deck Unit 1 Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer Unit 1 Other Equipment: Air Conditioning Unit; Window Coverings Unit 1 Parking Features: Parking Space Unit 1 Rooms: Den Unit 2 Appliances: Dishwasher; Dryer; Refrigerator; Washer Unit 2 Other Equipment: Air Conditioning Unit; Smoke Detector(s); Window Coverings Unit 2 Parking Features: Parking Space Acreage Description: 1/4 To Less Than 1/2 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
1298000

Location and Legal

Country
United States
County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
Street Number
265
Street Direction Prefix
NE
Street Name
116th
Street Suffix
Street
City Name
Miami
Municipal Code
30
State Or Province
FL
Postal Code
33161
Postal Code +4
6619
Postal Zip
33161
Subdivision Name
TRESULEE
Area
2220
Elementary School
Gratigny
Middle Or Junior School
North Miami
High School
North Miami
Special Assessment YN
No
Parcel Number
3022310400050
Subdivision Number
40
Zoning
0100
Flood Zone
X
Directions
North on NE 2nd Avenue to 116th Street; make a right.

Financial Information

Tax Annual Amount
14669
Tax Year
2025
Tax Legal Description
TRESULEE PB 7-141 LOT 11 & E1/2 LOT 10 BLK 1 LOT SIZE 75.000 X 170 OR16803-3260/23813-70 0595 5

Status Change Information

Major Change Timestamp
2026-09-17T04:00:00Z
Major Change Type
New Listing
Status Change Date
2026-09-25

More Information

Income and Expenses

Gross Income
4900

Storm Protection

Impact Glass
Partial

Unit 1 Details

Actual Rent
2400
Baths Full
Yes
Efficiency YN
No

Unit 1 Lease Description

Currently Leased YN
Yes

Unit 2 Details

Actual Rent
2500
Baths Full
Yes
Efficiency YN
No

Unit 2 Lease Description

Currently Leased YN
Yes

Price Calculations

Current Price To SqFt
453.84

Section Details

Parcel Number MLX
0050

Originating Details

Originating System Key
564787292
Originating System ID
M00000151
IDX
Listing Office: Avanti Way Realty LLC
Source MLS Verified
Last Updated: September - 26 - 2026
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