Two-Story
New
For Sale
$2,250,000
250 NE 119th Terrace, Miami, FL 33161
Residential Income, Miami, FL
Property Size5,600 SF
Price / SF$401.79
Days on Market1
Property Features for 250 NE 119th Terrace
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning description
5700
Bedrooms
8
Full bathrooms
8
Rooms
Bedroom 2, Bathroom 8, Bathroom 5, Bedroom 6, Bedroom 4, Bathroom 2, Bedroom 7, Bedroom 1, Bathroom 6, Bedroom 5, Bedroom 3, Bedroom 8, Bathroom 7, Bathroom 4, Bathroom 1, Bathroom 3
Parking
4
Exterior features
Balcony, Room For Pool
Subdivision
BELLEVUE BISCAYNE
Lot features
Flood Zone, < 1/4 Acre
Standard status
Active
APN
30-22-31-037-0330
Size
5,600 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
BELLEVUE BISCAYNE PB 17-29 LOTS 15 TO 19 INC BLK 6 PER UNITY OF TITLE DATED 5/11/65 & W25FT OF N1/2 OF ST LYG BTW BLKS 6 & 7 PB 17-29 LOT SI
Tax Annual Amount
10242
Legal Description
BELLEVUE BISCAYNE PB 17-29 LOTS 15 TO 19 INC BLK 6 PER UNITY OF TITLE DATED 5/11/65 & W25FT OF N1/2 OF ST LYG BTW BLKS 6 & 7 PB 17-29 LOT SI
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Amenities
balconies
in-unit washer and dryer
individually metered A/C systems
on-site parking
Building Details
Year built
2026
Floors in Building
2
Flooring type
Tile
Building materials
Block
Listing Agency:
Compass Florida, LLC
(305) 851-2820
Listed By:
Talita Pinheiro · License #3268846
(305) 906-1526
Added: Oct 19
Last Checked: Oct 19 at 6:06PM
MLS# A12089528
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.
Under construction for 2026, this two-story block duplex contains 5,600 square feet across two residences. Each side is configured with four bedrooms and four bathrooms, with living space arranged over two floors. The property also includes balconies, in-unit washers and dryers, individually metered A/C systems, tile flooring, and on-site parking.
The floor plan may allow a different configuration, subject to city approvals and permits. Potential layouts described include four two-bedroom, two-bathroom units of approximately 1,400 square feet each, or four three-bedroom, two-bathroom units. Any reconfiguration remains contingent on verifying feasibility and securing required approvals.
The floor plan may allow a different configuration, subject to city approvals and permits. Potential layouts described include four two-bedroom, two-bathroom units of approximately 1,400 square feet each, or four three-bedroom, two-bathroom units. Any reconfiguration remains contingent on verifying feasibility and securing required approvals.
Key Highlights
- 5,600 square feet in a two‑story duplex under construction for 2026
- Two residences, each configured with 4 bedrooms and 4 bathrooms
- Potential layout for four 2‑bedroom, 2‑bathroom units of approximately 1,400 square feet each, subject to approvals
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,593
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have balconies, in-unit laundry, individually metered A/C systems, 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: 5,600 square feet in a two‑story duplex under construction for 2026; Two residences, each configured with 4 bedrooms and 4 bathrooms; Potential layout for four 2‑bedroom, 2‑bathroom units of approximately 1,400 square feet each, subject to approvals
