$2,475,000
1239 NE 110th St, Miami FL 33161
Miami, FL, 33161
- Year Built
- 1947
- Property Type
- Income/MultiFamily
- MLS #
- A12067670
Area profile — Miami
- Flood zone
- AE · 9 ftFlood insurance required with a mortgage
- To the beach
- 14 minLummus Park Beach access
- To the airport
- 22 minMiami International Airport (MIA)
- Typical commute
- 27 min
Area-level data from FEMA and public sources. Confirm the exact parcel with your agent and on the FEMA flood map.
Market Position
Using 143 of 143 matching comparables
Lower percentile = priced below more of the sampled comparison set.
- List price
- $2,475,000 · area median: $2,800,000
- Days on market
- 8 · area median: 66
Computed from active comparable listings of the same type and similar size within about 10 miles.
Calculated: Aug 14, 2026 · Newest source update: Aug 14, 2026
Listing courtesy of Keller Williams Legacy · 954-358-6000
Listed by Kevin Kohler
Last updated: Aug 14, 2026
Overview
Eleven-unit garden apartment community in unincorporated Miami-Dade County, one block west of Biscayne Boulevard between Miami Shores and North Miami. Single-story reinforced concrete, built in 1947, renovated in 1997 and 2019, arranged around a central lawn with eleven surface parking spaces. Seven studios and four one-bedrooms. Ten units are occupied; the eleventh is ready for immediate lease. Each unit is separately metered for electric, and roofing, windows, and mechanical systems can be inspected and priced without opening walls. Priced at $2,475,000, or $225,000 per unit. That basis falls inside the band set by ten closed mainland trades since November 2025, including a 1948 fourplex one block away on NE 110th Terrace that sold for $223,750 per unit in May 2026. The pro forma applies market rents of $1,325 per studio and $1,835 per one-bedroom, figures well below the $2,244 submarket average asking rent, leaving room for growth on ordinary turnover. Pro forma figures are assumptions, not statements of current collections. Buyer to verify all information independently. Three institutional projects totaling 948 units are under construction within roughly a mile, delivering at rents this property does not compete with. The workforce demand those projects create operates in this price band. A full offering memorandum with comparable sale detail, the itemized expense build, and submarket documentation has been prepared for this offering.
Known minimum$12,515/mo
Est. payment based on a $2,475,000 home price.
Estimate includes principal & interest, property tax and HOA where known — it excludes insurance, PMI, flood/wind, CDD and special assessments. Listed tax reflects the current owner's bill; Florida reassesses at market value after a sale, so a buyer's tax is often higher. For information only; actual amounts vary.
Similar Properties
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