11515 Northeast 12th Avenue Miami, FL 33161
Luxury duplex near Biscayne Park with income-generating potential.
Property Features for 11515 Northeast 12th Avenue
General Information
- Standard status
- Active
- Size
- 2,331 SF
- Lot size
- 0.19 Acres
- Property subtype
- Residential Income / Duplex
Building Details
- Year Built
- 1960
Listing office Beachfront Realty Inc (305) 405-0615
Listing date Aug 23, 2025
Source Compass
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 Beachfront Realty Inc
Investment Insights
Based on property information with market context.
Key Highlights
- Duplex with two 3‑bedroom, 1‑bathroom units, offering immediate rental income potential.
- Strategic location: close to Biscayne Park, Miami Shores, Biscayne corridor, and Whole Foods.
- Large 8,428 sq ft lot with 2,569 sq ft of construction, including a unique basement with conversion potential.
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 |
