Renovated Furnished
For Sale
$675,000
234 NE 111th Street, Miami, FL 33161
Two updated residential units across from Barry University, with furnished interiors and rental use flexibility.
Property Size1,848 SF
Price / SF$379.21
Days on Market51
Property Features for 234 NE 111th Street
General Information
Standard status
Active
Size
1,848 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
5700
Units
Unit Mix
2 x 3BD/1BA
Multifamily Units
2
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$8,895
Amenities
shared washer/dryer
Building Details
Building Size
1,848 SF
Year Built
1947
Year Renovated
2025
Buildings
1
Listing Agency:
Cosmo International Investment Group
Listed By:
Emmanuel J Aldabe · License #3059018
(305) 796-6966
Source:
Laerrealty
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 28 at 5:07AM
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 Cosmo International Investment Group
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Investment Insights
Based on property information with market context.
This duplex contains two 3BD/1BA units and is offered fully furnished following a full renovation. Interior finishes include polished terrazzo flooring throughout, while both residences share a washer and dryer positioned at the rear of the property.
Major work completed in 2025 includes a new roof, electrical system, plumbing, appliances, and two new A/C systems. Built in 1947, the property is located at 234 NE 111th Street directly across from Barry University. The units are positioned for student housing as well as short-term or long-term rental use, and the configuration also supports an owner-occupant arrangement.
Major work completed in 2025 includes a new roof, electrical system, plumbing, appliances, and two new A/C systems. Built in 1947, the property is located at 234 NE 111th Street directly across from Barry University. The units are positioned for student housing as well as short-term or long-term rental use, and the configuration also supports an owner-occupant arrangement.
Key Highlights
- Two 3BD/1BA units in a single duplex
- Fully furnished and fully renovated
- 2025 upgrades include roof, electrical, plumbing, appliances, and two new A/C systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,699
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$713,980
$714.0K
Cap Rate 7%
$509,986
$510.0K
Cap Rate 9%
$396,656
$396.7K
Market Conditions
NOI Build-Up for 1,780 SF
Gross rent
$54.5K $30.60/SF
− Vacancy
−$3.5K −$1.95/SF
EGI
$51.0K $28.65/SF
− OpEx
−$15.3K −$8.60/SF
NOI
$35.7K $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%
$713,980
Cap Rate 7%
$509,986
Cap Rate 9%
$396,656
Alternative Uses
Best Use
Multifamily LT 5
$510.0K
$446.2K – $595.0K
NOI $35,699 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$469.8K
$411.0K – $548.1K
NOI $32,883 @ 7.0% cap · market cap 4.87%
Theoretical Best
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $84,106 @ 7.0% cap · market cap 12.46%
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
480
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two updated residential units across from Barry University, with furnished interiors and rental use flexibility.
Where is this duplex located?
The property is located at 234 NE 111th Street Miami, FL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two 3BD/1BA units in a single duplex; Fully furnished and fully renovated; 2025 upgrades include roof, electrical, plumbing, appliances, and two new A/C systems
