11515 NE 12th Ave Miami, FL 33161
MULTI_FAMILY - Miami, FL
Property Features for 11515 NE 12th Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Rooms
- Bedroom 1, Bedroom 5, Bedroom 3, Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 6, Bedroom 2
- Parking
- 3
- Standard status
- Active
- APN
- 30-22-32-045-0020
- Size
- 2,331 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 32 52 42 BARBER HOMES PB 75-61 LOT 2 LOT SIZE 86.000 X 98 OR 11114-1536 0581 1
- Tax Annual Amount
- 12111
Utilities
- Sewer type
- Septic Tank
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 1960
- Floors in Building
- 1
- Flooring type
- Tile - Ceramic
- Building materials
- Brick, Block
- Roof type
- Tile, Flat
Listing agent Monica Urrutia Juri License #3196450 (786) 356-3445
Listing office Beachfront Realty Inc 18205 Biscayne Blvd Ste 2205, Miami Beach, FL (786) 356-3445
Listing date Jan 28, 2026
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The listing describes the property as positioned in a strategic area, approximately three blocks from Biscayne Park and Miami Shores, and close to the Biscayne corridor and Whole Foods. Each unit is separately leased, with Unit 11515 rented at $2,800 and Unit 11517 rented at $3,100.
For buyers or investors seeking a multi-family setup, the duplex is presented as move-in ready with renovations already completed and both units currently occupied. The finished basement adds a potential path to expand beyond the two existing homes if the buyer wants to reconfigure the lower level into an additional unit, subject to applicable approvals. Leases are scheduled to finish in December 2026.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.3k | $30.60 |
| − Vacancy | −$4.5k | −$1.95 |
| EGI | $66.8k | $28.65 |
| − OpEx | −$20.0k | −$8.60 |
| NOI | $46.7k | $20.06 |
