Duplex with Separate Electric
New
For Sale
$575,000
262 NE 111th St, Miami, FL 33161
Residential Income, Miami, FL
Property Size1,564 SF
Price / SF$367.65
Days on Market2
Property Features for 262 NE 111th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
4
Full bathrooms
2
Half bathrooms
9
Rooms
Bathroom 4, Bedroom 4, Bathroom 2, Bathroom 8, Bathroom 10, Bathroom 9, Bathroom 1, Bathroom 6, Bedroom 2, Bedroom 3, Bathroom 11, Bathroom 5, Bathroom 7, Bedroom 1, Bathroom 3
Parking
2
Subdivision
MIAMI HIGHLANDS SEC A
Lot features
< 1/4 Acre
Standard status
Active
APN
30-22-31-029-0150
Size
1,564 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
31 52 42 MIAMI HIGHLANDS SEC A PB 13-34 LOT 6 BLK 2 LOT SIZE 60.000 X 92 OR 18422-1750 1298 1 COC 25894-1395 07 2007 1
Tax Annual Amount
8935
Legal Description
31 52 42 MIAMI HIGHLANDS SEC A PB 13-34 LOT 6 BLK 2 LOT SIZE 60.000 X 92 OR 18422-1750 1298 1 COC 25894-1395 07 2007 1
Utilities
Sewer type
Septic Tank
Cooling system
Wall/Window Unit(s), Window Unit(s)
Building Details
Year built
1948
Floors in Building
1
Building materials
CBS (Concrete Block Structure), Block
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Seyon Dunbar · License #3196976
(305) 761-4120
Added: Oct 19
Last Checked: Oct 20 at 4:06AM
MLS# A12108660
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.
This 1,564-square-foot duplex was built in 1948 with concrete-block construction. Separate electric meters and individual water heaters serve the units; cooling is provided by window units. The property uses a septic tank for sewer service.
Barry University and Miami Shores are nearby, with shopping, dining, and access to I-95 in the surrounding area.
Barry University and Miami Shores are nearby, with shopping, dining, and access to I-95 in the surrounding area.
Key Highlights
- 1,564‑square‑foot duplex built in 1948
- Separate electric meters and individual water heaters
- Concrete‑block construction with window‑unit cooling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,367
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$627,340
$627.3K
Cap Rate 7%
$448,100
$448.1K
Cap Rate 9%
$348,522
$348.5K
Market Conditions
NOI Build-Up for 1,564 SF
Gross rent
$47.9K $30.60/SF
− Vacancy
−$3.0K −$1.95/SF
EGI
$44.8K $28.65/SF
− OpEx
−$13.4K −$8.60/SF
NOI
$31.4K $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%
$627,340
Cap Rate 7%
$448,100
Cap Rate 9%
$348,522
Alternative Uses
Best Use
Multifamily LT 5
$448.1K
$392.1K – $522.8K
NOI $31,367 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$412.7K
$361.2K – $481.5K
NOI $28,892 @ 7.0% cap · market cap 5.02%
Theoretical Best
Specialty Retail
$1.06M
$923.8K – $1.23M
NOI $73,900 @ 7.0% cap · market cap 12.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
480
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
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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 - Each unit has its own water heater, and the property is served by window-unit cooling.
Where is this duplex located?
The property is located at 262 NE 111th St Miami, FL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 1,564‑square‑foot duplex built in 1948; Separate electric meters and individual water heaters; Concrete‑block construction with window‑unit cooling
