$720,000

1429 NE 118TH TER, MIAMI, FL 33161

0 baths1,820 sq ft2 to 4 unitsBuilt 1971
Updated today, November 3, 2026

This home against the area

$396 per sq ft
112 days on the market
Price cut $29,000 since it was listed at $749,000
$9,094 in property taxes (2025)

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.

Zoned schools

Elementary: Lawrence, Jr., David K-8 Center
Middle: North Miami Middle School
High: Alonzo & Tracy Mourning Senior High School

From Miami-Dade County Public Schools attendance zones.

Listing courtesy of Casanova International Realty. MLS# A12053910.

Listing information is provided by the MLS and is deemed reliable but not guaranteed.

Listed July 14, 2026.

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