Legal 3-Unit
For Sale
$739,000
1220-1222 NE 110th Ter, Miami, FL 33161
Residential Income, Miami, FL
Property Size2,090 SF
Price / SF$353.59
Days on Market87
Property Features for 1220-1222 NE 110th Ter
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
3700
Bedrooms
4
Full bathrooms
3
Rooms
Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 3, Bedroom 3
Parking
6
Subdivision
BISCAYNE SHORES CORR PLAT
Lot features
< 1/4 Acre
Standard status
Active
APN
30-22-32-010-0370
Size
2,090 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
BISCAYNE SHORES CORR PLAT PB 23-52 LOT 12 BLK 3 LOT SIZE 50.000 X 125 OR 17608-4204 0497 4
Tax Annual Amount
8212
Legal Description
BISCAYNE SHORES CORR PLAT PB 23-52 LOT 12 BLK 3 LOT SIZE 50.000 X 125 OR 17608-4204 0497 4
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air, Electric
Building Details
Year built
1954
Floors in Building
1
Flooring type
Tile
Building materials
Block
Listing Agency:
Dalton Wade Inc
(888) 668-8283
Listed By:
Elizabeth Hicks · License #3625758
(941) 266-6873
Added: Jul 18
Changed: Oct 10
Last Checked: Oct 12 at 10:06PM
MLS# A11965310
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.
This legal three-unit residential income property contains two two-bedroom, one-bath units and one renovated efficiency within 2,090 square feet. Built in 1954, the block-constructed property has tile flooring, central heating, central air, and electric cooling. Each unit is separately metered, with occupants responsible for their own electricity; water service is included up to $75 per month, with overages divided among the tenants. The property is served by a septic tank and has cable availability.
The address is near Biscayne Blvd in Miami, surrounded by shopping centers, restaurants, and businesses. Downtown Miami, beaches, and major highways are described as minutes away. One unit is leased through August 31, 2026 with an option to renew, while another is rented month-to-month. The two-bedroom units provide the property’s primary residential configuration, and one has been renovated.
The address is near Biscayne Blvd in Miami, surrounded by shopping centers, restaurants, and businesses. Downtown Miami, beaches, and major highways are described as minutes away. One unit is leased through August 31, 2026 with an option to renew, while another is rented month-to-month. The two-bedroom units provide the property’s primary residential configuration, and one has been renovated.
Key Highlights
- Legal 3‑unit triplex with two 2/1 units and one efficiency
- 2,090 square feet on a 0.05‑acre site
- One efficiency unit fully renovated and leased through August 31, 2026 with option to renew
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,916
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$838,320
$838.3K
Cap Rate 7%
$598,800
$598.8K
Cap Rate 9%
$465,733
$465.7K
Market Conditions
NOI Build-Up for 2,090 SF
Gross rent
$64.0K $30.60/SF
− Vacancy
−$4.1K −$1.95/SF
EGI
$59.9K $28.65/SF
− OpEx
−$18.0K −$8.60/SF
NOI
$41.9K $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%
$838,320
Cap Rate 7%
$598,800
Cap Rate 9%
$465,733
Alternative Uses
Best Use
Multifamily LT 5
$598.8K
$524.0K – $698.6K
NOI $41,916 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$551.6K
$482.6K – $643.5K
NOI $38,609 @ 7.0% cap · market cap 5.22%
Theoretical Best
Specialty Retail
$1.41M
$1.23M – $1.65M
NOI $98,753 @ 7.0% cap · market cap 13.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,090
Businesses Nearby
Explore this area
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
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Block construction with a renovated efficiency, central cooling, tile flooring, and separately metered utilities.
Where is this triplex located?
The property is located at 1220-1222 NE 110th Ter Miami, FL.
What is the asking price?
The asking price for this property is $739,000.
What are key features of this property?
This property features: Legal 3‑unit triplex with two 2/1 units and one efficiency; 2,090 square feet on a 0.05‑acre site; One efficiency unit fully renovated and leased through August 31, 2026 with option to renew
