BISCAYNE PARK ESTATES,8 Unit Rental Income
12240 NE 5th Ave, North Miami FL 33161
4,479 ft²
4,479
Sq. Ft.
1951
Year Built
1
Stories
230
Days on Market
Description
Million-Dollar Neighborhood! Presenting an impeccable 8-unit multifamily apartment income property located in the vibrant City of North Miami, FL, in the heart of the Biscayne Park area. One of the unique features of this property is its value-add potential, as it has the right to build an additional up to 14 unit and add 6 units to the existing structure, plans available could significantly boost cash flow. Additionally, it has recently passed the 40-year certification, ensuring structural integrity. Many upgrades, including impact windows, have been carried out. Great opportunity SELLER FINANCE UP TO 30 %It is rented 25% below market value. Pro forma calculated by Miami Dade Housing 2024
Facts
- MLS#
- A11446202
- Subdivision
- BISCAYNE PARK ESTATES,8 Unit Rental Income
- Property Type
- Residential Income
- Property Sub Type
- Quadruplex
- Year Built
- 1951
- Lot Size
- 0 sqft
- Sq. Ft.
- 4,479 ft²
- Sq. Mt.
- 416 m²
- Price per sq. ft.
- $424/ft²
- Price per sq. mt.
- $4,567/m²
- Stories
- 1
- Garage
- —
- Pool
- —
- Days on Market
- 230 days
- Listed
- Sep 1, 2023
- Last Updated
- Oct 18, 2024
- Price/Lot Sq.Ft.
- —
Market insights for North Miami
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
May 2026
45
Median days to sold
+4.5%
1-year price forecast (est.)
Price & tax history
From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).
| 10/18/2024 | Sold | $1,900,000 |
| 3/18/2024 | Price change | $1,900,000-17.4% |
| 9/1/2023 | Listed for sale | $2,300,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
GreatSchools Summary Ratings
Public + private K-12 schools within 5 miles of this listing.
St. Paul Lutheran SchoolPK,KG,1,2,3,4,5,6,7,8 · private · 0.2 mi
- Bridgeprep Academy South
KG,1,2,3,4,5,6,7,8 · charter · 0.2 mi
- St Timothy Parish School
PK,KG,1,2,3,4,5,6,7,8 · private · 0.5 mi
- Snapper Creek Elementary School
PK,KG,1,2,3,4,5 · public · 0.5 mi
- Il Savior Academy
1,2,3,4,5,6,7,8,9,10,11,12 · private · 0.5 mi
- Carpe Diem Academy
PK,TK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 0.7 mi
- Be Unique Academy Prep
1,2,3,4,5,6,7,8,9,10,11,12 · private · 0.7 mi
- Mc Glannan School
1,2,3,4,5,6,7,8 · private · 0.7 mi
- American High School Academy
9,10,11,12,UG · private · 0.7 mi
- Kayleen's Learning Center
PK,TK,KG,1,2,3,4 · private · 0.7 mi
Data provided by GreatSchools.org © 2026. All rights reserved.Estimated Monthly Payment
$11,846/mo
Principal & Interest
$10,113
Property Tax
$1,583
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
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