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1,762 sqft

$679,000

259 NE 111th St, Miami FL, 33161

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

Overview

Active

Listed Jun 20, 2026

Updated 8h 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
MLS provider logo

Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS.  All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. 

©2026 Miami Association of REALTORS® all rights reserved. 

Data last updated 5:24 AM UTC, 11/5/2026.

Listed by:  Pamela Hall Real Estate, LLC., 305-300-3419

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