Two-Story Duplex with Reconfiguration
250 NE 119th Terrace Miami, FL 33161
250 NE 119th Terrace, Miami, FL, 33161
$2,250,000
For Sale
$2,250,000
MULTI_FAMILY - Miami, FL
Property Size5,600 SF
Price / SF$401.79
Days on Market82
Property Features for 250 NE 119th Terrace
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Property condition
- Under Construction
- Bedrooms
- 8
- Rooms
- Bathroom 3, Bathroom 8, Bedroom 4, Bedroom 8, Bathroom 7, Bathroom 6, Bedroom 5, Bathroom 1, Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 5, Bedroom 6, Bedroom 1, Bedroom 7
- Parking
- 4
- Exterior features
- Balcony, Room For Pool
- 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
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2026
- Floors in Building
- 2
- Flooring type
- Tile
- Building materials
- Block
Listing Agency
Compass Florida, LLC
(305) 851-2820
1212 Lincoln Rd Suite 113, Miami, FL
Listed by
Talita Pinheiro · License #3268846
(305) 906-1526
Added: May 1 Updated: Jul 18 at 1:39 am Checked: Jul 21 at 2:06 am
MLS# A11950336
Listing URL
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 brand-new two-story duplex is configured as two spacious residences, with each side laid out as a 4-bedroom, 4-bathroom home spanning two full floors. The design supports functional separation between upper and lower levels, and each unit includes balconies, in-unit washer and dryer, individually metered A/C systems, and on-site parking.
The property is located at 250 NE 119th Terrace, Miami, FL 33161 in Miami-Dade County.
With proper permits and approvals, the duplex may be reconfigured into four separate units. Using the current layout, that could translate into four 2-bedroom, 2-bathroom units, or potentially four 3-bedroom, 2-bathroom units subject to approvals. Buyer should verify feasibility with the city.
The property is located at 250 NE 119th Terrace, Miami, FL 33161 in Miami-Dade County.
With proper permits and approvals, the duplex may be reconfigured into four separate units. Using the current layout, that could translate into four 2-bedroom, 2-bathroom units, or potentially four 3-bedroom, 2-bathroom units subject to approvals. Buyer should verify feasibility with the city.
Key Highlights
- Brand‑new 2026 under‑construction two‑story duplex in North Miami Beach (block construction).
- Approx. 5,600 sq ft total, with each side currently configured as 4BR/4BA across two full floors.
- Reconfiguration potential: with approvals, layout may be changed to four 2BR/2BA units (approx. 1,400 sq ft each).
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $171.4k | $30.60 |
| − Vacancy | −$10.9k | −$1.95 |
| EGI | $160.4k | $28.65 |
| − OpEx | −$48.1k | −$8.60 |
| NOI | $112.3k | $20.06 |
5,600 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Brand-new two-story duplex with four bedrooms per side, balconies, in-unit laundry, individually metered A/C, 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: Brand‑new 2026 under‑construction two‑story duplex in North Miami Beach (block construction).; Approx. 5,600 sq ft total, with each side currently configured as 4BR/4BA across two full floors.; Reconfiguration potential: with approvals, layout may be changed to four 2BR/2BA units (approx. 1,400 sq ft each).
