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$10,000 Closing Credit¹
#RX-11061048, Tinka Ellington, Listing Office: Douglas Elliman
$1,750,000 List price
121 NE 55th St Miami, FL 33137
$10,000
Closing credit¹
4,176 sqft
$419 / sqft
Multi-Family
Property details
About 121 NE 55th St
*** FINANCING !!! *** Buyer may qualify for a $1M loan, IO for 3 years @ market rate. This fully rented 8-unit building is a prime investment opportunity! Recently renovated with room for rent increases, it currently generates $12,700 in gross income with a projected gross income (PGI) of $14 to $15K. Managed by the owner with very low expenses, this property offers great cash flow potential. Located in a rapidly developing area with major changes and new multifamily construction on the horizon, this property has incredible future upside.
Highlights
Home typeQuadruplex
StatusActive
CoolingOther
Size4,176 sqft
Year built1924
MLS #A11739510
Virtual tour
Summary
- MLS Number: A11739510
- MLS Name: SEFMIAMI
- Office Name: City Group Consulting, LLC
- Office Phone: (954) 274-2274
- Listing Agent: Ouri Kahn
© 2025 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 2:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,750,000
121 NE 55th St
$10,000
closing credit¹
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0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $845,288 | $17,376 |
| 2022 | $760,566 | $11,766 |
| 2021 | $437,812 | $11,766 |
| 2020 | $405,980 | $9,302 |
| 2018 | $345,053 | $7,371 |
| 2017 | $335,370 | $6,796 |
History based on county public records data.
Nearby schools
5
Toussaint L'Ouverture Elementary School
Public District PK-5
0.2 mi
•120 NE 59th St
6
Shadowlawn Elementary School
Public District PK-5
0.5 mi
•149 NW 49th St
7
Morningside K-8 Academy
Public Magnet PK-5
0.8 mi
•6620 NE 5th Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $26,485. Residents of Miami, FL typically earn less than $<35k each year. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
67%
<35k
32%
35k-100k
1%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
51%
Single, No Kids
25%
Single, with Kids
10%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
8%
12-17 yrs old
23%
18-34 yrs old
40%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
White Castle
Little Caesars
What do the neighbors drive?
Honda
Kia
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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This home is located at 121 NE 55th St in Miami, FL and zip code 33137 in the Buena Vista neighborhood. This 4,176 square foot home was built in 1924. Features: 0 bathroom. It has been listed on Rocket Homes since February 6, 2025 and is currently priced at $1,750,000.
Over 29 listings were sold over their listed price in February 2025 in Miami, FL. In the same period over 420 listings were sold below the listed price and 87 listings were sold for the listed price. The inventory of homes for sale in Miami, FL between January and February 2025 increased by 13.9%. In February 2025 median list price was $577,686 and the average listing age was 74 days.
From Rocket Homes Real Estate and based on county public records data.