Duplex Income Property With Private
11803 NE 11 Ave Biscayne Park, FL 33161
11803 NE 11 Ave, Biscayne Park, FL, 33161
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For Sale
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Tenant-occupied duplex with two separate rented units, each with its own entrance, parking, and fenced outdoor yard space.
Property Size2,172 SF
Price / SF$574.59
Days on Market121
Property Features for 11803 NE 11 Ave
General Information
- Standard status
- Active
- Size
- 2,172 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1937
Listing agency
Keller Williams Capital Realty
(305) 694-2166
Listed by
Nancy Dowson · License #0566226
Source
Crexi
Added: Mar 24 Updated: Jul 21 at 2:56AM Checked: Jul 21 at 2:56AM
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 Keller Williams Capital Realty
Investment Insights
Based on property information with market context.
This income property is a duplex currently configured as two separate rented units, each with its own entrance, parking, and private fenced yards. Both units also feature large patio areas. The larger unit includes a 3-bedroom, 2-bath layout and has access to a private swimming pool and BBQ area, along with original oak floors and an oversized family/Florida room with many windows and glass sliding doors. Unit 2 offers 2 bedrooms and 1 full bathroom, with separate laundry spaces.
The property has been updated with new impact windows and doors, as well as a new roof and new kitchen and bathrooms. Purchases are subject to existing leases, with tenants remaining in place through summer 2027, and with unit rentals scheduled through June and August 2027. The home sits on 13,500 sq. ft. of land.
The property has been updated with new impact windows and doors, as well as a new roof and new kitchen and bathrooms. Purchases are subject to existing leases, with tenants remaining in place through summer 2027, and with unit rentals scheduled through June and August 2027. The home sits on 13,500 sq. ft. of land.
Key Highlights
- 1937‑built tenant‑occupied property on 13,500 sq. ft. of land; purchases subject to existing leases remaining
- Converted duplex currently configured as 2 separate rented units with completely separate entrances, parking, and large fenced yards
- Unit 1 features 3 bed/2 bath, plus a private swimming pool and BBQ area; also has large patio space
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 | $54.7k | $25.20 |
| − Vacancy | −$3.0k | −$1.39 |
| EGI | $51.7k | $23.81 |
| − OpEx | −$15.5k | −$7.14 |
| NOI | $36.2k | $16.67 |
2,172 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$517.2K
$452.6K – $603.5K
NOI $36,207 @ 7.0% cap · market cap 2.90%
Second Best
Apartment 5plus
$477.2K
$417.6K – $556.7K
NOI $33,404 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$1.10M
$964.2K – $1.29M
NOI $77,136 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Tenant-occupied duplex with two separate rented units, each with its own entrance, parking, and fenced outdoor yard space.
Where is this duplex located?
The property is located at 11803 NE 11 Ave Biscayne Park, FL.
What is the asking price?
The asking price for this property is $1,248,000.
What are key features of this property?
This property features: 1937‑built tenant‑occupied property on 13,500 sq. ft. of land; purchases subject to existing leases remaining; Converted duplex currently configured as 2 separate rented units with completely separate entrances, parking, and large fenced yards; Unit 1 features 3 bed/2 bath, plus a private swimming pool and BBQ area; also has large patio space
