Duplex for sale

$720,000

1429 NE 118th TerMiami, FL 33161

  • 1,820 Sq ft
  • 1971 Built

About this home

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

MLS #
A12053910
Property type
Duplex
Status
Active
Days on market
53
Neighborhood
BISCAYNE COURT
County
Miami-Dade County
Property taxes
$9,094 (2025)
Waterfront
No
Private pool
No
Cooling
Electric

Location

Estimated payment

$4,399/mo with 20% down at 6.5% for 30 years, including taxes, before insurance.

Adjust in the mortgage calculator

Listing courtesy of Casanova International Realty · Lazara Cruz-Casanova. Listing last updated September 7, 2026 3:19 AM.

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The multiple listing information is provided by the MIAMI Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 MIAMI Association of REALTORS®. All rights reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Data last updated October 24, 2026 3:43 PM.

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