220 NW 11th Ter Miami, FL 33136
MULTI_FAMILY - Other - Miami, FL
Property Features for 220 NW 11th Ter
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 4
- Standard status
- Active
- APN
- 01-31-37-031-0170
- Size
- 6,234 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 32 53 42 MIAMI NORTH SUB PB B-41 LOT 2 BLK 6 LOT SIZE 50.000 X 150 OR 17056-4759 1295 5
- Tax Annual Amount
- 23151
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1960
- Floors in Building
- 3
- Flooring type
- Vinyl
- Building materials
- Block
- Roof type
- Tile, Flat
- Architectural style
- Other
Listing agent Arthur Porosoff License #3160379 (305) 209-8866
Listing office Compass Florida, LLC 1212 Lincoln Rd Suite 113, Miami, FL (305) 851-2820
Listing date May 15, 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.
Located in Miami’s Overtown neighborhood in Miami-Dade County, the site is positioned on a corner parcel at 220 NW 11th Ter, Miami, FL 33136. The property is zoned T6-8-O, which permits development up to eight stories, subject to applicable regulations and approvals.
For buyers or operators seeking an existing income-producing asset, the current unit mix provides a blend of two-bedroom and one-bedroom configurations. For investors evaluating redevelopment, the T6-8-O zoning and corner lot create a framework for pursuing higher-density development at up to eight stories, providing long-term optionality while maintaining the ability to operate the property as-is.
Key Highlights
- 12‑unit multifamily property in Miami’s Overtown neighborhood with 6,234 SF of rentable area on a 7,500 SF corner lot.
- Unit mix: eleven 2BR/1BA units and one 1BR/1BA unit.
- Currently 83.3% occupied with in‑place rents averaging $1,600 per month.
Local Financial Insights For Apartment 5plus
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 | $224.4k | $36.00 |
| − Vacancy | −$15.0k | −$2.41 |
| EGI | $209.4k | $33.59 |
| − OpEx | −$94.2k | −$15.11 |
| NOI | $115.2k | $18.47 |
