New Construction
New
For Sale
$2,250,000
250 NE 119th Terrace, Miami, FL 33161
Two-story residences include balconies, in-unit laundry, separate A/C metering, and on-site parking.
Property Size5,600 SF
Price / SF$401.79
Days on Market4
Property Features for 250 NE 119th Terrace
General Information
Standard status
Active
Size
5,600 SF
Property subtype
Duplex
Units
Unit Mix
2 x 4BR/4BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,242
Amenities
balconies
in-unit washer and dryer
individually metered A/C systems
on-site parking
Building Details
Building Size
5,600 SF
Year Built
2026
Buildings
1
Stories
2
Listing Agency:
Compass Florida, LLC
Listed By:
Talita Pinheiro · License #3268846
(305) 906-1526
Source:
Silverleafrealtygroup
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 20 at 10:33PM
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 Compass Florida, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2026, this two-story duplex contains approximately 5,600 square feet. Each side is arranged as a four-bedroom, four-bathroom residence across two floors, with balconies, in-unit washer and dryer, and individually metered A/C systems. On-site parking serves the property.
The existing layout can be considered for division into four units, subject to permits and city approvals. One proposed configuration is four two-bedroom, two-bathroom units of approximately 1,400 square feet each. Another option described for the floor plan is four three-bedroom, two-bathroom units, subject to approvals. Any reconfiguration requires confirmation of feasibility with the city.
The existing layout can be considered for division into four units, subject to permits and city approvals. One proposed configuration is four two-bedroom, two-bathroom units of approximately 1,400 square feet each. Another option described for the floor plan is four three-bedroom, two-bathroom units, subject to approvals. Any reconfiguration requires confirmation of feasibility with the city.
Key Highlights
- Newly constructed duplex completed in 2026
- Approximately 5,600 square feet across two stories
- Each side has 4 bedrooms and 4 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,311
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,246,220
$2.2M
Cap Rate 7%
$1,604,443
$1.6M
Cap Rate 9%
$1,247,900
$1.2M
Market Conditions
NOI Build-Up for 5,600 SF
Gross rent
$171.4K $30.60/SF
− Vacancy
−$10.9K −$1.95/SF
EGI
$160.4K $28.65/SF
− OpEx
−$48.1K −$8.60/SF
NOI
$112.3K $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%
$2,246,220
Cap Rate 7%
$1,604,443
Cap Rate 9%
$1,247,900
Alternative Uses
Best Use
Multifamily LT 5
$1.60M
$1.40M – $1.87M
NOI $112,311 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$1.48M
$1.29M – $1.72M
NOI $103,451 @ 7.0% cap · market cap 4.60%
Theoretical Best
Specialty Retail
$3.78M
$3.31M – $4.41M
NOI $264,603 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,593
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-story residences include balconies, in-unit laundry, separate A/C metering, and on-site parking.
Where is this duplex located?
The property is located at 250 NE 119th Terrace Miami, FL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Newly constructed duplex completed in 2026; Approximately 5,600 square feet across two stories; Each side has 4 bedrooms and 4 bathrooms
