
MIAMI REALTORS® MLS1429 NE 118th Terrace, Miami, FL 33161
- Beds
- —
- Baths
- 0
- Sqft
- 1,820
- Home type
- Duplex
- Year built
- 1971
- Lot size
- —
- Price / sqft
- $396
- HOA
- $0/mo
- Community
- BISCAYNE COURT
Property description
Turnkey Income-Producing Duplex! Don’t miss this exceptional investment opportunity in the growing Biscayne Court area of Miami. This well-kept duplex consists of two spacious 2-bedroom, 2-bath residences, each featuring central air conditioning, tile floors, in-unit washer and dryer, separate electric meters, and private entrances. Currently fully leased with stable rental income of $4,400 per month ($2,250 and $2,150), offering immediate cash flow from day one. The property is ideally situated just off Biscayne Boulevard near Whole Foods, shopping centers, restaurants, universities, parks, and major commuter routes, making it highly desirable to tenants. Its central location provides convenient access to Downtown Miami, Miami Shores, North Miami, Aventura, and beautiful beaches. Whether you’re a seasoned investor completing a 1031 exchange or a buyer seeking to offset your mortgage by occupying one unit while renting the other, this duplex represents an outstanding opportunity in a high-demand rental market with strong long-term appreciation potential.
Listing activity
- Days on market
- 100
- Listed
- Jul 16, 2026
- MLS listing updated
- Sep 7, 2026
- Feed last checked
- 8 minutes ago
Listed by Lazara Cruz-Casanova · Casanova International Realty
Map
Map location is based on MLS-supplied coordinates. Verify the location before relying on it.
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms
- 0
- Bathrooms (decimal)
- 0
Rooms & features
- Flooring
- Tile
Heating & cooling
- Heating
- Separate Meters, Central, Electric
- Cooling
- Electric
Property
Exterior
- Stories
- 1
- Building area
- 1,892 sqft
- Pool
- No
- Waterfront property
- No
Lot
- Zoning
- 5700
Construction
Type & style
- Home type
- Duplex
- Structure type
- Duplex
- Year built
- 1971
- New construction
- No
Materials
- Construction
- CBS
- Roof
- Shingle
- Property condition
- Resale
Utilities & green energy
Utilities
- Utilities
- Cable Not Available, Sewer Available
Community & HOA
Community
- Subdivision
- BISCAYNE COURT
- MLS area
- 2220
Association
- Has association
- No
- Estimated monthly dues
- $0
Lease details
Not reported by the listing source.
Location
Area details
- City
- Miami
- County
- Miami-Dade
- ZIP code
- 33161
Manufactured home details
Not reported by the listing source.
Financial & listing details
Listing
- MLS number
- A12053910
- Possession
- Negotiable
- Original list price
- $749,000
- Parcel number
- 3022320200800
- Annual property tax
- $9,094
- Tax year
- 2025
- Tax legal description
- BISCAYNE COURT PB 12-8 LOT 18 BLK 5 LOT SIZE 50.00 X 140.00 OR 19259-1988 08 2000 1
Additional MLS details
Reported by the listing source
- Association
- No
- Bathrooms Total Decimal
- 0
- Bathrooms Total Integer
- 0
- Building Area Total
- 1892
- Construction Materials
- CBS
- County Or Parish
- Miami-Dade
- Days On Market
- 100
- Elementary School
- David Lawrence Jr. K-8
- High School
- Alonzo and Tracy Mourning
- List Price
- 720000
- Listing Contract Date
- 2026-07-16
- Living Area
- 1820
- MLSArea Major
- 2220
- Middle Or Junior School
- North Miami
- Mls Status
- Active
- On Market Date
- 2026-07-16
- Photos Count
- 24
- Postal Code
- 33161
- Price Change Timestamp
- 2026-09-07T08:19:00Z
- Property Sub Type
- Duplex
- Property Type
- Residential Income
- Standard Status
- Active
- State Or Province
- FL
- Status Change Timestamp
- 2026-07-16T04:00:00Z
- Stories Total
- 1
- Subdivision Name
- BISCAYNE COURT
- Tax Annual Amount
- 9094
- Pool Private
- No
- Waterfront
- No
Market value
Price history
| Date | Event | Price |
|---|---|---|
| Jul 16, 2026 | ListedMIAMI REALTORS® MLS | $749,000$412/sqft |
| Sep 7, 2026 | Price reducedMIAMI REALTORS® MLS | $720,000$396/sqft |
Public tax history
| Year | Property taxes | Assessment |
|---|---|---|
| 2025 | $9,094 | — |
Payment calculator
- Principal & interest
- $3,736
- Property taxes
- $758
- Insurance
- $360
- Association dues
- $0
Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.
Neighborhood
Area
BISCAYNE COURTMiami · Miami-Dade County · 33161
Climate risk
—No licensed climate-risk source is connected.
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