845 NE 121st St, North Miami FL 33161 | Miami-Dade County | A11978086
- $899,000
845 NE 121st St, North Miami FL 33161 | Miami-Dade County | A11978086
- $899,000
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.
Property Overview
This property is an income-producing duplex built in 1947, located on an oversized 13,000 square foot lot in the Biscayne Terrace subdivision of North Miami. The 1,942-square-foot building is currently tenant-occupied and leased, presenting an immediate rental opportunity, though it is in need of renovations. The prime value here is the land and its development potential. The property has received administrative approval from the City of North Miami to construct a five-unit multifamily building. This offers a clear path for redevelopment or the opportunity to build a single-family residence on the large lot, all in a location minutes from Miami Shores, schools, and local shops.
Frequently Asked Questions
What is the current income situation for the duplex?
The existing duplex is income-producing and is currently leased to tenants. It is tenant-occupied, so showings that disturb the tenants or involve walking the property are not permitted.
What is the redevelopment potential for this property?
The property has received administrative approval from the City of North Miami to construct a 5-unit multifamily building. It is also an oversized 13,000 sq ft lot suitable for a custom single-family home, offering multiple development paths.
What is the condition of the existing duplex?
The existing duplex is in need of renovations. It is a 1,942 sq ft structure built in 1947.
What is the lot size?
The lot is oversized at 13,000 square feet.
What are the options for an investor with this property?
An investor can choose to renovate and hold the existing duplex for rental income, move forward with the approved 5-unit multifamily project, or build a custom single-family home on the large lot.
Where is the property located?
It is located at 845 NE 121st St in North Miami, FL 33161, within the Biscayne Terrace subdivision. The area is noted as being minutes from Miami Shores, schools, and neighborhood shops.
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Address
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Address: 121st St
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City: North Miami
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State/county: Miami-Dade County
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Zip/Postal Code: 33161
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Area: BISCAYNE TERRACE
Details
Updated on July 31, 2026 at 1:53 am-
Property ID A11978086
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Price $899,000
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Property Size 1942 Sq Ft
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Year Built 1947
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Type Duplex
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Property Status Active, Residential Income
Additional details
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Flooring Ceramic Floor, Wood
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Cooling Central Air, Wall/Window Unit(s)
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Association Type None
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Building BISCAYNE TERRACE
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Area Biscayne Terrace
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Annual Tax 10469
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Association No
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Private Pool No
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Listing Terms All Cash, Conventional
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Waterfront No
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Subdivision BISCAYNE TERRACE
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Total Stories 1
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Heating Central, Window/Wall
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Structure Type Duplex
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Tax Year 2024
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Construction Concrete Block Construction
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Building Area 2790
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Year Built Details Effective Year Built
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Flood Zone AE
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New Construction No
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Style Duplex
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Lot Size (Sq Ft) 0
Features
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