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    1286 109Th St Miami, FL 33161

    Sponsored
    For Sale
    $975,000

    Prime Miami location, 3 units, high income.

    Property size:
    2,053 SF

    Description

    Added:
    Feb 13, 2025
    Days on Market:
    327
    This exceptional triplex, located at 1286 NE 109th St, Miami, FL 33161, presents a lucrative investment opportunity in a highly desirable Miami neighborhood. The property, built in 1952, boasts a total of 2,053 square feet and comprises three units across a single story. Two units are two-bedroom, two-bathroom apartments, currently generating significant rental income, exceeding $51,000 in net earnings for 2024 (excluding owner occupancy in July, November, and December). These units are fully furnished and ideally suited for short-term rentals. The third unit is a one-bedroom, one-bathroom apartment with a long-term tenant paying $1,700 per month. The property is conveniently located minutes from the MIMO district, Design District, Miami Shores, and Downtown Miami, and only four miles from Bal Harbor and Surfside. All units have undergone complete renovations, making this a truly turnkey investment. This property is perfect for first-time investors or those looking to expand their portfolio. The asking price is $975,000.

    Property Features for 1286 109Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,053 SF

    Building Details

    Year Built
    1952
    Stories
    1
    Units
    3

    HighLights

    • $975,000 asking price for a Miami, FL multifamily investment property.
    • Three‑unit triplex (converted duplex) totaling 2,053 square feet.
    • Built in 1952, one‑story building.
    • Prime Miami location, minutes from Design District and beaches.
    • Two furnished Airbnb units generating $51,000+ net income in 2024 (owner use excluded).
    • One unit with a long‑term tenant paying $1,700/month.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1717602
    Latitude
    25.8755289

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    FAQs

    What type of property is this?
    Multifamily property - Prime Miami location, 3 units, high income.
    Where is this multifamily property located?
    The property is located at 1286 109Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: $975,000 asking price for a Miami, FL multifamily investment property.; Three-unit triplex (converted duplex) totaling 2,053 square feet.; Built in 1952, one-story building.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1286 109Th St Miami, FL 33161
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