Waterfront Residential Income
For Sale
$199,000
1650 NE 115th St, Miami, FL 33181
Residential, Miami, FL
Property Size710 SF
Price / SF$280.28
Days on Market95
Property Features for 1650 NE 115th St
General Information
Property type
Land
Property subtype
Other
Interior features
Elevator
Exterior features
Balcony
Accessibility
Accessible Elevator Installed
Appliances
Dishwasher, Microwave
Subdivision
CRICKET CLUBHOUSE CONDO
Lot features
Flood Zone
Elementary school
David Lawrence Jr K-8
Middle school
North Miami
Standard status
Active
APN
30-22-32-080-0490
Size
710 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
CRICKET CLUBHOUSE CONDO UNIT 609 UNDIV .15504% INT IN COMMON ELEMENTS OFF REC 13424-772 OR 13981-796 0189 1 COC 24752-0706 06 2006 4
Tax Annual Amount
3070
HOA Fee
$970 Monthly
Legal Description
CRICKET CLUBHOUSE CONDO UNIT 609 UNDIV .15504% INT IN COMMON ELEMENTS OFF REC 13424-772 OR 13981-796 0189 1 COC 24752-0706 06 2006 4
Utilities
Heating system
Central
Cooling system
Central Air
Water front
1
Building Details
Year built
1972
Flooring type
Tile - Porcelian
Building materials
CBS (Concrete Block Structure), Block
Listing Agency:
Dalton Wade Inc
(888) 668-8283
Listed By:
Carolina Mizraji · License #3236227
(305) 610-1905
Added: Jul 12
Changed: Oct 14
Last Checked: Oct 14 at 7:06PM
MLS# A12024277
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 710-square-foot residence has one bedroom, two full bathrooms, a primary suite, and a balcony. Updates include new flooring, appliances, a remodeled kitchen, and quartz countertops. The building was constructed in 1972 and has an elevator; the unit also includes a dishwasher and microwave, with central heating and air conditioning.
The property is on the waterfront, east of Biscayne, and offers sunrise and sunset views. Its address is 1650 NE 115th St in Miami.
The property is on the waterfront, east of Biscayne, and offers sunrise and sunset views. Its address is 1650 NE 115th St in Miami.
Key Highlights
- 710‑square‑foot residence with 1 bedroom and 2 full bathrooms
- Waterfront setting with sunrise and sunset views
- Remodeled kitchen with quartz countertops and new appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,116
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$262,320
$262.3K
Cap Rate 7%
$187,371
$187.4K
Cap Rate 9%
$145,733
$145.7K
Market Conditions
NOI Build-Up for 710 SF
Gross rent
$25.6K $36.00/SF
− Vacancy
−$1.7K −$2.41/SF
EGI
$23.8K $33.59/SF
− OpEx
−$10.7K −$15.11/SF
NOI
$13.1K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$262,320
Cap Rate 7%
$187,371
Cap Rate 9%
$145,733
Alternative Uses
Best Use
Apartment 5plus
$187.4K
$164.0K – $218.6K
NOI $13,116 @ 7.0% cap · market cap 6.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$479.3K
$419.4K – $559.1K
NOI $33,548 @ 7.0% cap · market cap 16.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,985
Businesses Nearby
Explore this area
Business Placement
Demographics for 33181, FL
20,955
Population
9,401
Households
2.2
Avg Household Size
39
Median Age
41%
College-Educated
91%
High-School Grad
3.0 sq mi
ZIP Area
6,985
Density / Sq Mi
$56,473
Median Household Income
$40,233
Median Earnings
$1,665
Median Rent
$315,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A remodeled kitchen, balcony, and elevator serve this one-bedroom residence.
Where is this residential income property located?
The property is located at 1650 NE 115th St Miami, FL.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 710‑square‑foot residence with 1 bedroom and 2 full bathrooms; Waterfront setting with sunrise and sunset views; Remodeled kitchen with quartz countertops and new appliances
