For sale

Price cut: $50K (4/10)

$1,000,000

242 NE 55th Ter, Miami, FL 33137

5beds

8baths

1,620sqft

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Duplex

Built in 1953

-- sqft lot

$-- Zestimate^®

$617/sqft

$-- HOA

What's special

Modern finishesAmple natural lightMultiple spacious units

Discover a fantastic investment in this well-maintained multifamily property situated in a thriving neighborhood in an opportunity zone. This property boasts multiple spacious units, each featuring modern finishes, ample natural light, ensuring convenience for both tenants and owners. With a strong rental history and low vacancy rates, it’s an ideal addition to any portfolio. Enjoy the benefits of being in a desirable area with close proximity to local amenities, parks, public transport, restaurant, schools and much more!!!Duplex operating as a fourplex.

621 days

60

0

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 8

Heating

Electric

Cooling

Other

Features

Flooring: Tile
Windows: Blinds

Interior area

Total structure area: 1,732
Total interior livable area: 1,620 sqft

Video & virtual tour

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Property

Parking

Total spaces: 4

Features

Stories: 1
Exterior features: Lighting
Fencing: Fenced

Lot

Features: Less Than 1/4 Acre Lot

Details

Parcel number: 0131130650720
Zoning: 5700

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex

Materials

CBS Construction
Roof: Shingle

Condition

Year built: 1953

Utilities & green energy

Sewer: Public Sewer
Water: Municipal Water

Community & HOA

Community

Subdivision: Dixie Highway Track

HOA

Has HOA: No

Location

Region: Miami

Financial & listing details

Price per square foot: $617/sqft
Tax assessed value: $342,174
Annual tax amount: $5,994
Date on market: 10/25/2024
Listing terms: All Cash,Conventional

Estimated market value

Not available

Estimated sales range

Not available

$2,590/mo

Price history

Date	Event	Price
4/10/2026	Price change	$1,000,000-4.8%$617/sqft
Source: MIAMI #A11674866 Report a problem
3/27/2026	Price change	$1,050,000-4.5%$648/sqft
Source: MIAMI #A11674866 Report a problem
3/9/2026	Price change	$1,100,000-11.3%$679/sqft
Source: MIAMI #A11674866 Report a problem
2/3/2025	Price change	$1,240,000-0.8%$765/sqft
Source: MIAMI #A11674866 Report a problem
11/12/2024	Price change	$1,250,000-3.8%$772/sqft
Source: MIAMI #A11674866 Report a problem
10/25/2024	Listed for sale	$1,300,000+1346.1%$802/sqft
Source: MIAMI #A11674866 Report a problem
2/25/2021	Listing removed	--
Source: Owner Report a problem
10/5/2020	Listing removed	$1,700$1/sqft
Source: Owner Report a problem
9/21/2020	Listed for rent	$1,700$1/sqft
Source: Owner Report a problem
1/1/2012	Listing removed	$89,900+124.8%$55/sqft
Source: Keller Williams Miami Beach #A1528062 Report a problem
8/9/2011	Sold	$40,000-55.5%$25/sqft
Source: Public Record Report a problem
7/20/2011	Listed for sale	$89,900+124.8%$55/sqft
Source: Keller Williams Miami Beach #A1528062 Report a problem
3/21/2011	Sold	$40,000-77.1%$25/sqft
Source: Public Record Report a problem
9/10/2004	Sold	$175,000+49.6%$108/sqft
Source: Public Record Report a problem
8/6/2004	Sold	$117,000+134%$72/sqft
Source: Public Record Report a problem
6/14/2000	Sold	$50,000-58.6%$31/sqft
Source: Public Record Report a problem
3/9/1999	Sold	$120,800+11.9%$75/sqft
Source: Public Record Report a problem
12/1/1997	Sold	$108,000+52.1%$67/sqft
Source: Public Record Report a problem
10/1/1996	Sold	$71,000$44/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,816 +7.3%	$283,493 +10%
2024	$6,350 +5.9%	$257,721 +10%
2023	$5,994 +14.6%	$234,292 +13.1%
2022	$5,229 +9.1%	$207,168 +10%
2021	$4,792 +8.7%	$188,335 +10%
2020	$4,407 -0.2%	$171,214
2019	$4,415 +74.6%	$171,214 +156.4%
2018	$2,529	$66,785 +10%
2017	$2,529 +5.7%	$60,714 +10%
2016	$2,392 +23.1%	$55,195 +10%
2015	$1,943 +8.3%	$50,178 +10%
2014	$1,795 +8.3%	$45,617 +4.4%
2013	$1,658	$43,707 +10%
2012	$1,658 -13.6%	$39,734 -8.3%
2011	$1,918 -30.6%	$43,335 -47.7%
2010	$2,765 -25.9%	$82,811 -36.5%
2009	$3,730 -25.7%	$130,497 -38.5%
2007	$5,022 +40.2%	$212,024
2006	$3,582	--
2005	$3,582 +93%	--
2004	$1,856 +24.3%	--
2003	$1,493 +25.5%	--
2002	$1,190	--
2001	$1,190	--

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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