Description

Prime development opportunity in North Miami. Oversized 13,000 sq ft lot with existing income-producing duplex currently leased. The property received administrative approval from the city of North Miami to construct a 5 unit multifamily building, offering excellent redevelopment potential. Investors may choose to renovate and hold the existing duplex for rental income or move forward with the approval multifamily project. Also, an ideal opportunity to build a custom dream home on a large lot just minutes from Miami Shores, top schools and neighborhood shops. The exiting duplex is currently leased and in need of renovations. Tenant occupied, Do Not Disturb tenants or walk the property.

Address

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Address: 121st St
City: North Miami
State/county: Miami-Dade County
Zip/Postal Code: 33161
Area: BISCAYNE TERRACE

Details

Updated on March 9, 2026 at 2:41 am

Property ID A11978086
Price $1,000,000
Property Size 1942 Square Feet
Year Built 1947
Type Duplex
Property Status Residential Income

Additional details

ArchitecturalStyle Other
BuildingAreaTotal 2790
BuildingAreaUnits Square Feet
BuildingName BISCAYNE TERRACE
ConstructionMaterials Concrete Block Construction
ContractStatusChangeDate 2026-03-06
Cooling Central Air, Wall/Window Unit(s)
DaysOnMarket 2
DocumentsAvailable Rent Rolls, Existing Survey
ExpirationDate 2026-07-31
Flooring Ceramic Floor, Wood
Heating Central, Window/Wall
InternetAddressDisplayYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 305-316-4245
ListingTerms All Cash, Conventional
LotFeatures 1/4 To Less Than 1/2 Acre Lot
LotSizeSquareFeet 0
MLSAreaMajor Biscayne Terrace
MajorChangeTimestamp March 6, 2026 at 08:15pm
MajorChangeType New
MlsStatus Active
ModificationTimestamp March 9, 2026 at 12:10am
NumberOfUnitsInCommunity 2
OnMarketDate 2026-03-06
OriginalEntryTimestamp March 6, 2026 at 08:15pm
OriginalListPrice 1000000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 06-22-30-018-0280
ParkingTotal 5
PhotosChangeTimestamp March 6, 2026 at 08:25pm
PhotosCount 2
PostalCodePlus4 6315
PriceChangeTimestamp March 6, 2026 at 08:15pm
PublicSurveyRange 22
PublicSurveySection 30
PublicSurveyTownship 22
RentIncludes None
Roof Shingle
Sewer Public Sewer, Other
ShowingInstructions Appointment Only, See Broker Remarks
SourceSystemKey 438513853
StateOrProvince FL
StatusChangeTimestamp March 6, 2026 at 08:15pm
Stories 1
StoriesTotal 1
StreetDirPrefix NE
StreetName 121st St
StreetNumber 845
StreetNumberNumeric 845
StructureType Duplex
SyndicationRemarks Prime development opportunity in North Miami. Oversized 13, 000 sq ft lot with existing income-producing duplex currently leased. The property received administrative approval from the city of North Miami to construct a 5 unit multifamily building, offering excellent redevelopment potential. Investors may choose to renovate and hold the existing duplex for rental income or move forward with the approval multifamily project. Also, an ideal opportunity to build a custom dream home on a large lot just minutes from Miami Shores, top schools and neighborhood shops. The exiting duplex is currently leased and in need of renovations. Tenant occupied, Do Not Disturb tenants or walk the property.
TaxAnnualAmount 10469
TaxLegalDescription BISCAYNE TERRACE PB 26-15 LOTS 18 & 19 BLK 2 LOT SIZE 100.000 X 130 OR 20716-1695 09 2002 4 COC 25921-4279 08 2007 1
TaxYear 2024
YearBuiltDetails Effective Year Built
Zoning 3700