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Off market
  • $731,500

    541 NE 142nd St, North Miami, FL 33161

    5beds
    1,900sqft
    Apartment
    Built in 1947
    -- sqft lot
    $731,500 Zestimate®
    $385/sqft
    $4,743 Estimated rent

    Home value

    $731,500

    $673,000 - $797,000

    $4,743/mo

    Zestimate® history
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    $5,007/mo

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    What's special

    New roofBrand-new bathroomsCoin laundry facilityModern kitchensImpact windowsStainless steel appliances

    Serious Inquiries Only! Do not call unless you have an offer. I am NOT interested in working with realtors. Exceptional Investment Opportunity – Zoned for Up to 25 Units! This property is a prime investment for developers looking to maximize returns. According to City of North Miami zoning regulations, this lot is zoned for the development of up to 25 residential units, making it a high-value opportunity for expansion and redevelopment. (Confirm zoning details with local authorities.) This property offers the perfect combination of immediate cash flow, additional income streams, and long-term development potential! Fully Renovated Multi-Family Property in North Miami Don’t miss this unique chance to own a turnkey, income-generating property in one of North Miami’s most sought-after neighborhoods. Property Highlights: This property has been meticulously upgraded with: • New roof • Updated electrical and plumbing systems (up to code) • Impact windows for enhanced safety and energy efficiency • Modern kitchens with stainless steel appliances • Brand-new bathrooms Prime Location: Nestled in a quiet neighborhood, this property offers unbeatable convenience: • Grocery stores within 5 minutes • Pharmacies, schools, and parks nearby • Quick access to I-95, just 15 minutes from Miami International Airport and 35 minutes from Ft. Lauderdale Airport • A walkable community, perfect for families and professionals Income Potential: This multi-family property features three highly profitable rental units: • Two units generating $1,650/month each • One main unit with a rental potential of $3,000/month • Total estimated gross monthly income: $6,650 • Annual income potential of $79,800 • Coin laundry facility for additional income Development Potential: • Lot zoned for a 25-unit apartment complex • Ideal for investors looking to scale their portfolio with a larger development (Confirm zoning details with local authorities) Additional Features: • 10 parking spaces for tenant convenience • Located in a high-demand rental area within a peaceful and well-connected neighborhood This is a rare opportunity to acquire a profitable, upgraded multi-family property with major development potential!

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Forced air
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Freezer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Trash compactor, Washer
    Features
    • Flooring: Tile, Concrete
    • Basement: Finished
    Interior area
    • Total interior livable area: 1,900 sqft

    Property

    Parking
    • Total spaces: 10
    • Parking features: Off-street
    Features
    • Exterior features: Other
    Lot
    • Size: 10,580 Square Feet
    Details
    • Parcel number: 0622190110120

    Construction

    Type & style
    • Home type: Apartment
    Materials
    • Foundation: Other
    • Roof: Other
    Condition
    • Year built: 1947

    Community & HOA

    Location
    • Region: North Miami

    Financial & listing details

    • Price per square foot: $385/sqft
    • Tax assessed value: $518,473
    • Annual tax amount: $11,480

    Price history

    DateEventPrice
    6/12/2025Listing removed--
    Source: Owner Report a problem
    12/19/2024Listed for sale$1,300,000$684/sqft
    Source: Owner Report a problem
    6/29/2024Listing removed$1,300,000$684/sqft
    Source: MIAMI #A11560459 Report a problem
    3/31/2024Listed for sale$1,300,000+147.6%$684/sqft
    Source: MIAMI #A11560459 Report a problem
    12/23/2022Sold$525,000$276/sqft
    Source: MIAMI #A11298693 Report a problem
    11/9/2022Pending sale$525,000$276/sqft
    Source: MIAMI #A11298693 Report a problem
    11/4/2022Listed for sale$525,000+176.5%$276/sqft
    Source: MIAMI #A11298693 Report a problem
    3/24/2021Listing removed--
    Source: Owner Report a problem
    1/15/2015Listing removed$600
    Source: Owner Report a problem
    12/15/2014Listed for rent$600
    Source: Owner Report a problem
    11/20/2009Listing removed$189,900$100/sqft
    Source: CENTURY 21 King Realty #D1342322 Report a problem
    6/4/2009Listed for sale$189,900+18.7%$100/sqft
    Source: CENTURY 21 King Realty #D1342322 Report a problem
    5/2/2003Sold$160,000+86%$84/sqft
    Source: Public Record Report a problem
    3/20/2001Sold$86,000-21.8%$45/sqft
    Source: Public Record Report a problem
    10/27/1998Sold$110,000$58/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$11,480 +1.6%$518,473 +2.4%
    2024$11,301 +10.3%$506,404 +10%
    2023$10,250 +84%$460,368 +110.6%
    2022$5,570 +9.9%$218,568 +10%
    2021$5,070 +10.6%$198,699 +10%
    2020$4,582 +5%$180,636 +10%
    2019$4,363 +18.8%$164,215 +10%
    2018$3,672 $149,287 +10%
    2017$3,672 +14.2%$135,716 +10%
    2016$3,214 +12.6%$123,379 +8.6%
    2015$2,853 +11.3%$113,588 +10%
    2014$2,564 +0.3%$103,262 +10%
    2013$2,557 $93,875 -10%
    2012$2,557 -19.8%$104,321 -18.4%
    2011$3,188 -10.5%$127,802 -5.7%
    2010$3,563 -32.7%$135,508 -38.5%
    2009$5,292 -11%$220,490 -14.4%
    2007$5,946 +23.2%$257,695
    2006$4,827 --
    2005$4,827 +84%--
    2003$2,623 +14.2%--
    2002$2,298 --
    2001$2,298 --
    Find assessor info on the county website

    Neighborhood: Central

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $731,500
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $731,500