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$749,000
1429 NE 118th Terrace
Miami, FL 33161
MLS# A12053910
1892 sqft


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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.

Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2026-07-16
Status: Active
Original List Price: 749000
List Price: $749,000
Current Price: $749,000
Location and Legal
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
City Name: Miami
Municipal Code: 30
Postal Zip: 33161
Subdivision Number: 20
Flood Zone: AE
Country: United States
Street Number: 1429
Street Direction Prefix: NE
Street Name: 118th
Street Suffix: Terrace
State Or Province: FL
Postal Code: 33161
Postal Code +4: 6919
Subdivision Name: BISCAYNE COURT
Area: 2220
Elementary School: David Lawrence Jr. K-8
Middle Or Junior School: North Miami
High School: Alonzo and Tracy Mourning
Parcel Number: 3022320200800
Zoning: 5700
General Property Information
Number Of Units Total: 2
Adjusted Area Main: 1856
Living Area Main: 1820
Parking Total: 6
Stories Total: 1
Pool Private YN: No
Property Sub Type: Duplex
Building Area Main: 1892
Year Built: 1971
Financial Information
Estimated Monthly Assoc Recurring Fee: 0
Tax Annual Amount: 9094
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
Office/Member Information
DXORIGMLSID: SEF
Flooring
Tile: 1
Property Condition
Resale: 1
Documents Available
None: 1
Meter Information
Separate Electric Meters YN: Yes
Structure Type
Duplex: 1
Possession
Negotiable: 1
Utilities
Cable Not Available: 1
Sewer Available: 1
Heating
Central: 1
Electric: 1
Separate Meters: 1
Construction Materials
CBS: 1
Listing Terms
Conventional: 1
FHA: 1
VA Loan: 1
FHA-VA Approved: 1
Roof
Shingle: 1
Income and Expenses
Gross Income: 4350
Cooling
Electric: 1
Showing Requirements
Call Listing Agent: 1
Tax Information
Tax Reflects No Exemptions: 1
Unit 1 Appliances
Dryer: 1
Range: 1
Refrigerator: 1
Washer: 1
Unit 1 Details
Actual Rent: 2250
Baths Full: 2
Beds Total: 2
Efficiency YN: No
Furnished: Unfurnished
Unit 1 Lease Description
Currently Leased YN: Yes
Unit 1 Other Equipment
Air Conditioning Unit: 1
Smoke Detector(s): 1
Unit 1 Parking Features
Open Parking: 1
Unit 1 Rooms
Family Room: 1
Kitchen: 1
Laundry Room: 1
Unit 2 Appliances
Dryer: 1
Range: 1
Refrigerator: 1
Washer: 1
Unit 2 Details
Actual Rent: 2100
Baths Full: 2
Beds Total: 2
Efficiency YN: No
Unit 2 Lease Description
Currently Leased YN: Yes
Unit 2 Other Equipment
Air Conditioning Unit: 1
Smoke Detector(s): 1
Unit 2 Parking Features
Open Parking: 1
Price Calculations
Current Price To SqFt: 411.53
Section Details
Parcel Number MLX: 0800
Status Change Information
Major Change Timestamp: 2026-07-16T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-07-17
Originating Details
Originating System Key: 531616980
Originating System ID: M00000151
Property Features
Documents Available: None
Flooring: Tile
Property Condition: Resale
Structure Type: Duplex
Construction Materials: CBS
Cooling: Electric
Heating: Central; Electric; Separate Meters
Listing Terms: Conventional; FHA; VA Loan; FHA-VA Approved
Possession: Negotiable
Roof: Shingle
Tax Information: Tax Reflects No Exemptions
Utilities: Cable Not Available; Sewer Available
Showing Requirements: Call Listing Agent
Unit 1 Appliances: Dryer; Range; Refrigerator; Washer
Unit 1 Other Equipment: Air Conditioning Unit; Smoke Detector(s)
Unit 1 Parking Features: Open Parking
Unit 1 Rooms: Family Room; Kitchen; Laundry Room
Unit 2 Appliances: Dryer; Range; Refrigerator; Washer
Unit 2 Other Equipment: Air Conditioning Unit; Smoke Detector(s)
Unit 2 Parking Features: Open Parking

IDX
Listing Office: Casanova International Realty

Last Updated: July - 17 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.