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242 NE 55th TerMiami, FL 33137

For Sale

$1,240,000

Smart Buyer Rebate $12,400

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!!!

Listed by Silvia Garaza

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License #3307649

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Green Lands Realty

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786-267-7248

Last updated August 18, 2025

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Source: MIAMIRE #A11674866

Listing Facts

  • TypeMulti-family
  • NeighborhoodCreole District
  • Days on Prevu319
  • Taxes$5,994/year
  • Size1,620 sqft
  • Price per sqft$765

Amenities

  • Pets Allowed
  • Parking

Location

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Listing History

02/03/2025
Price Decreased
$1,240,000
11/12/2024
Price Decreased
$1,250,000
10/25/2024
Listed by Green Lands Realty
$1,300,000

Property Details for 242 NE 55th Ter

Association

General

  • Number Of Units In Community: 4

Exterior

Construction

  • Number Of Units Total: 4
  • Roof: Shingle
  • Stories: 1
  • Stories Total: 1
  • Structure Type: Duplex
  • Window Features: Blinds
  • Year Built: 1953
  • Year Built Details: Resale
  • Architectural Style: Attached
  • Building Name: DIXIE HIGHWAY TRACK
  • Construction Materials: CBS Construction
  • Exterior Features: Exterior Lights

Features

  • Fencing: Fenced

Measurements

  • Building Area Total: 1,732
  • Building Area Units: Square Feet
  • Lot Features: Less Than 1/4 Acre Lot
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 01-31-13-065-0720
  • Tax Annual Amount: $5,994.00
  • Tax Year: 2023

Interior

Features

  • Flooring: Tile

Measurements

  • Living Area: 1,620
  • Living Area Units: Square Feet

Other

Location

  • Subdivision Name: DIXIE HIGHWAY TRACK

Parking

Parking

  • Parking Total: 4

Utilities

Equipment

  • Cooling: Other
  • Has Cooling: Yes
  • Heating: Electric
  • Has Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Municipal Water

Based on information from Miami Association of REALTORS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.