Private-Yard
1112 NE 111th St, Miami, FL 33161
For Sale
$789,000
Pending
Two separate residences provide private outdoor areas, distinct entrances, and flexible occupancy or rental arrangements.
Property Size1,756 SF
Days on Market101
Property Features for 1112 NE 111th St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Florida One Realty
Listed By:
Christina Morenza · License FL #3192362
(305) 801-1978
Source:
Casacollectiongroup
Added: Aug 1
Changed: Nov 1
Last Checked: Nov 8 at 4:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Florida One Realty
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Investment Insights
Based on property information with market context.
This duplex, built in 1942, includes a three-bedroom, two-bath front residence and a separate one-bedroom home positioned at the rear. Each dwelling has its own entrance and private landscaped yard. The front home offers an open kitchen and living area with exposed wood beams, quartz counters, an island, bar seating, pantry storage, laundry facilities, and additional built-in storage. Updated bathroom vanities feature Cuban mahogany tops, and the interior has been freshly painted. The rear residence includes a separate kitchen and an efficient layout.
The property is located at 1112 NE 111th Street in Miami, between Miami Shores and Biscayne Park, with beaches and a marina nearby. The surrounding area permits short-term rentals, and the property is identified with zoning designation 5700.
The property is located at 1112 NE 111th Street in Miami, between Miami Shores and Biscayne Park, with beaches and a marina nearby. The surrounding area permits short-term rentals, and the property is identified with zoning designation 5700.
Key Highlights
- Two separate residences with independent entrances
- Front residence includes 3 bedrooms and 2 bathrooms
- Rear home offers 1 bedroom and a separate kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,218
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$704,360
$704.4K
Cap Rate 7%
$503,114
$503.1K
Cap Rate 9%
$391,311
$391.3K
Market Conditions
NOI Build-Up for 1,756 SF
Gross rent
$53.7K $30.60/SF
− Vacancy
−$3.4K −$1.95/SF
EGI
$50.3K $28.65/SF
− OpEx
−$15.1K −$8.60/SF
NOI
$35.2K $20.06/SF
Area
Miami, FL
Vacancy
6.37%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$704,360
Cap Rate 7%
$503,114
Cap Rate 9%
$391,311
Alternative Uses
Best Use
Multifamily LT 5
$503.1K
$440.2K – $587.0K
NOI $35,218 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$463.4K
$405.5K – $540.7K
NOI $32,439 @ 7.0% cap · market cap 4.11%
Theoretical Best
Specialty Retail
$1.19M
$1.04M – $1.38M
NOI $82,972 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,568
Businesses Nearby
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Business Placement
Demographics for 33161, FL
53,015
Population
18,912
Households
2.8
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
5.5 sq mi
ZIP Area
9,639
Density / Sq Mi
$55,265
Median Household Income
$34,311
Median Earnings
$1,494
Median Rent
$376,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Miami, FL
Properties on Market for Duplexes in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences provide private outdoor areas, distinct entrances, and flexible occupancy or rental arrangements.
Where is this duplex located?
The property is located at 1112 NE 111th St Miami, FL.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: Two separate residences with independent entrances; Front residence includes 3 bedrooms and 2 bathrooms; Rear home offers 1 bedroom and a separate kitchen
