242 NE 55th Ter, Miami, FL, 33137
About This Home
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.
Getting Around
Walker's Paradise
Good Transit
Very BikeableSchools
Construction
Condition
- Year built: 1953
Materials
- Roof: Shingle
- Construction materials: CBS Construction
Type & Style
- Home type: MultiFamily
- Property subType: Duplex
Interior
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 8
Features
- Window features: Blinds
- Flooring: Tile
Heating & Cooling
- Heating features: Electric
- Cooling features: Other
Interior Area
- Total structure area: 1,732
- Total interior livable area: 1,620 sqft
Property
Details
- Parcel number: 0131130650720
- Zoning: 5700
Features
- Stories: 1
- Exterior features: Lighting
- Fencing: Fenced
Lot
- Features: Less Than 1/4 Acre Lot
Parking
- Total spaces: 4
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Heat Wave
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Miami-Dade County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $5,056 | $60,672 |
| Home Insurance * | $87 | $1,044 |
| Property Taxes | $2,062 | $24,744 |
| Electricity | $197 | $2,366 |
| Total | $7,402 | $88,824 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-10 | Price change | $1,000,000 |
| 2026-03-27 | Price change | $1,050,000 |
| 2026-03-09 | Price change | $1,100,000 |
| 2025-02-03 | Price change | $1,240,000 |
| 2024-11-12 | Price change | $1,250,000 |
| 2024-10-25 | Listed for sale | $1,300,000 |
| 2021-02-25 | Listing removed | -- |
| 2020-10-05 | Listing removed | $1,700 |
| 2020-09-21 | Listed for rent | $1,700 |
| 2012-01-01 | Listing removed | $89,900 |
| 2011-08-09 | Sold | $40,000 |
| 2011-07-20 | Listed for sale | $89,900 |
| 2011-03-21 | Sold | $40,000 |
| 2004-09-10 | Sold | $175,000 |
| 2004-08-06 | Sold | $117,000 |
| 2000-06-14 | Sold | $50,000 |
| 1999-03-09 | Sold | $120,800 |
| 1997-12-01 | Sold | $108,000 |
| 1996-10-01 | Sold | $71,000 |
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