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242 NE 55th TerraceMiami, FL 33137

For Sale

$1,000,000

Smart Buyer Rebate $10,000

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

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 May 30, 2026

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Source: BeachesMLS #A11674866

Listing Facts

  • TypeMulti-family
  • NeighborhoodCreole District
  • Days on Prevu599
  • Taxes$5,994/year
  • Size1,620 sqft
  • Price per sqft$617

Amenities

  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

10/25/2024
Listed by Green Lands Realty
$1,000,000

Property Details for 242 NE 55th Terrace

Association

General

  • Number Of Units In Community: 4

Exterior

Construction

  • Number Of Units Total: 4
  • Property Condition: Resale
  • Roof: Shingle
  • Stories Total: 1
  • Structure Type: Duplex
  • Year Built: 1953
  • Construction Materials: Block
  • Exterior Features: Lighting

Features

  • Fencing: Fenced

Measurements

  • Building Area Total: 1,732

Financial

Residential Income

  • Gross Income: $6,400.00

Taxes

  • Parcel Number: 0131130650720
  • Tax Annual Amount: $5,994.00
  • Tax Year: 2023

Interior

Features

  • Flooring: Tile

Measurements

  • Living Area: 1,620

Other

Location

  • Subdivision Name: DIXIE HIGHWAY TRACK

Parking

Parking

  • Parking Total: 4

Schools

High School

  • High School: Miami Edison

Middle or Junior School

  • Middle Or Junior School: Jose De Diego

Utilities

Equipment

  • Cooling: Other
  • Has Cooling: Yes
  • Heating: Electric
  • Has Heating: Yes
  • Sewer: PublicSewer
  • Utilities: Cable Available
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 242 NE 55th Terrace.

What schools are nearby to 242 NE 55th Terrace?

Nearby schools include the Jose De Diego Middle School and Miami Edison High School.

Does this multi-family home have parking?

Yes, there are 4 parking spaces available for 242 NE 55th Terrace.

What are the annual taxes for 242 NE 55th Terrace?

Annual taxes for this multi-family home are estimated at $5,994.

How does 242 NE 55th Terrace compare to other multi-family homes in Creole District?

This multi-family home is listed 8% below the average price for multi-family homes in Creole District and has been on the market for 486 more days than the typical home in this area.

What building or home owners association is the multi-family home part of?

This multi-family home is in the DIXIE HIGHWAY TRACK building.

What is the square footage on this multi-family home?

According to the MLS, this listing is 1,620 sqft.

242 NE 55th Terrace is a -bedroom multi-family home for sale in Miami FL 33137. On Prevu for 599 days at $1,000,000. This property features 1,620 square feet of living space, located in Creole District. The median listing price for multi-family homes in this area is $690,000. Nearby schools include Jose De Diego Middle School and Miami Edison High School. Property amenities include pets allowed and parking. Browse more multi-family home listings in Miami.

Based on information from Beaches MLS 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.