Three-Unit Multifamily
New
For Sale
$972,673
240 NE 110th Ter, Miami, FL 33161
Residential Income, Miami, FL
Property Size2,649 SF
Price / SF$367.18
Days on Market1
Property Features for 240 NE 110th Ter
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
7
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 7, Bedroom 2, Bathroom 1, Bedroom 6, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 5
Parking
6
Subdivision
DIXIE VIEW
Lot features
1/4 to 1/2 Acre Lot, < 1/4 Acre
Standard status
Active
APN
30-22-31-031-0190
Size
2,649 SF
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
31 52 42 DIXIE VIEW RESUB PB 13-10 LOTS 7 & 8 BLK 2 LOT SIZE 100.000 X 100 OR 18419-4876 1298 4 COC 25375-2956 25631-0255 0107 5
Tax Annual Amount
16598
Legal Description
31 52 42 DIXIE VIEW RESUB PB 13-10 LOTS 7 & 8 BLK 2 LOT SIZE 100.000 X 100 OR 18419-4876 1298 4 COC 25375-2956 25631-0255 0107 5
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1940
Floors in Building
1
Flooring type
Hardwood, Wood
Building materials
CBS (Concrete Block Structure), Block
Roof type
Aluminum
Buildings
3
Listing Agency:
United Realty Group Inc
(954) 450-2000
Listed By:
Magalie Almeda-Dumay · License #3037819
(305) 244-8982
Added: Oct 28
Last Checked: Oct 28 at 3:06PM
MLS# A12114127
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.
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Investment Insights
Based on property information with market context.
The 2,649-square-foot property includes a five-bedroom, two-bathroom main house with living, dining, and family rooms. Two separate rear units provide additional accommodations: one has a bedroom and full bathroom, while the other is a studio with a full bathroom. Both rear units are rented month to month.
Built in 1940, the property has a newer metal roof and exterior paint. The listing notes that some work is needed. Central heating and air conditioning are installed, and the property is served by a septic tank.
Built in 1940, the property has a newer metal roof and exterior paint. The listing notes that some work is needed. Central heating and air conditioning are installed, and the property is served by a septic tank.
Key Highlights
- 2,649‑square‑foot property built in 1940
- Main house has 5 bedrooms and 2 full bathrooms
- Detached rear unit includes 1 bedroom and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,936
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$978,720
$978.7K
Cap Rate 7%
$699,086
$699.1K
Cap Rate 9%
$543,733
$543.7K
Market Conditions
NOI Build-Up for 2,649 SF
Gross rent
$95.4K $36.00/SF
− Vacancy
−$6.4K −$2.41/SF
EGI
$89.0K $33.59/SF
− OpEx
−$40.0K −$15.11/SF
NOI
$48.9K $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%
$978,720
Cap Rate 7%
$699,086
Cap Rate 9%
$543,733
Alternative Uses
Best Use
Apartment 5plus
$699.1K
$611.7K – $815.6K
NOI $48,936 @ 7.0% cap · market cap 5.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.79M
$1.56M – $2.09M
NOI $125,166 @ 7.0% cap · market cap 12.87%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
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?
Multifamily property - A main residence and two detached rental units provide a combination of larger and smaller living spaces.
Where is this multifamily property located?
The property is located at 240 NE 110th Ter Miami, FL.
What is the asking price?
The asking price for this property is $972,673.
What are key features of this property?
This property features: 2,649‑square‑foot property built in 1940; Main house has 5 bedrooms and 2 full bathrooms; Detached rear unit includes 1 bedroom and 1 full bathroom
