Price Check
How this price compares
- List price
- $1,298,000
- Price per sq ft
- $454
- Original price
- Unchanged
- Days on market
- 22
This multi-family property in Tresulee is listed at $1,298,000, or $454 per square foot. It has been on the market for 22 days.
Estimated monthly payment
$6,822 /mo
Principal and interest only, based on $259,600 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $1,298,000
- Days on Site
- 22 Days
- Bedrooms
- 0
- Total Baths
- 0
- Living Area
- 2,860 sqft
- Total Sq Ft
- 3,262 sqft
- Year Built
- 1951
- Property Type
- Multi-Family
- MLS #
- A12095976
- Property Tax
- $14,669 (2025)
- Subdivision
- TRESULEE
- County
- Miami Dade
- Status
- Active
About This Property
Rare 12,750 SF lot (75' x 170') in a high-demand rental pocket between Biscayne Park and Miami Shores — a block actively transforming, with new construction nearby. Fully renovated front duplex (two 2BR/1BA units, ~900 SF each) features new kitchens, new bathrooms, and in-unit laundry — clean, modern, move-in ready. A detached cottage at the rear adds flexible additional living space and income potential, with six parking spaces total. Currently producing $8,600/month with strong, consistent occupancy. Deep backyard with mature trees creates a private, compound-style setting. Concrete block construction, built 1951. Significant land value and redevelopment upside given lot size and neighborhood trajectory. Ideal for investors, multigenerational buyers, builders, or anyone wanting a home providing income plus room to grow.
MLS media linkGeneral Features
- Property Type
- Multi-Family
- Status
- Active
- Year Built
- 1951
- Property Condition
- Resale
- Number of Stories
- 1
- Living Sq Ft
- 2,860
- Total Sq Ft
- 3,262
- Structure Type
- Duplex
- Sewer
- Septic Tank
- Zoning
- 0100
Interior Features
- Cooling
- Central Air / Electric
- Heating
- Central / Electric / Separate Meters
- Flooring
- Ceramic Tile / Laminate / Wood
- Laundry
- Outside
Exterior Features
- Construction
- CBS Concrete Block Structure / Block
- Roof
- Shingle
- Exterior Features
- Outdoor Living Area / Room For Pool
- Patio & Porch
- Deck
- Lot Features
- Quarter To Half Acre Lot
Community & HOA
- Utilities
- Cable Available
- Financing Terms
- Cash
- MLS Area
- 2220
Schools
- Elementary School
- Gratigny
- Middle School
- North Miami
- High School
- North Miami
About the Community
- Homes for Sale
- 1
- Under Contract
- 0
- Median List Price
- $1,298,000
- Median $/Sq Ft
- $454
- Avg Days on Market
- 22
Frequently Asked Questions
- How do I schedule a tour of 265 NE 116th Street, Miami, FL 33161?
- Use the Tour button on this listing to request a showing of 265 NE 116th Street, Miami, FL 33161. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 265 NE 116th Street, Miami, FL 33161 still available?
- 265 NE 116th Street, Miami, FL 33161 is currently listed as Active, and has been on the market 22 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 265 NE 116th Street, Miami, FL 33161?
- With 20% down ($259,600) on the $1,298,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 265 NE 116th Street, Miami, FL 33161 is about $6,822/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 265 NE 116th Street, Miami, FL 33161?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 265 NE 116th Street, Miami, FL 33161. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- What schools serve 265 NE 116th Street, Miami, FL 33161?
- 265 NE 116th Street, Miami, FL 33161 is zoned for Gratigny (elementary), North Miami (middle), North Miami (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 265 NE 116th Street, Miami, FL 33161?
- Often, yes. The right offer on 265 NE 116th Street, Miami, FL 33161 depends on how it's priced against comparable multi-family sales in Miami, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Avanti Way Realty LLC
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated September 27, 2026.
$1,298,000
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Listed by Helene Calini, Avanti Way Realty LLC
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Recent Sales
Recently sold homes in Tresulee
These are the last 2 recorded closings in Tresulee, with the price each home actually sold for rather than what it was listed at. They closed at a median of $683 per square foot. The most recent closed on March 6, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$595,000
Sold · March 6, 2026
278 NE 116th Street
3 bed · 2 bath · 1,680 sqft · $354/sqft
$70,000 under the asking price
Sold$690,000
Sold · July 22, 2025
300 NE 116th Street
2 bed · 2 bath · 1,010 sqft · $683/sqft
$29,000 under the asking price
See every recorded sale in Tresulee or find out what your Tresulee home is worth.
