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#A11828941, Sean Paul, Listing office: United Realty Group Inc.
Property details
About 242 NE 55th Ter
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!!!
Highlights
Home typeDuplex
HeatingElectric
StatusActive
CoolingOther
Size1,620 sqft
Year built1953
MLS #A11674866
Virtual tour
Summary
- Flooring Type: Tile
- Exterior: Fence, Lighting
- Heating: Electric
- Cooling: Other
- List Price: $1,240,000
- Price/SqFt: $765
- Annual Tax Amount: $5,993
- Tax Year: 2023
- Year Built: 1953
- Stories: 1
- Living Area: 1,620 SqFt
- MLS Number: A11674866
- MLS Name: SEFMIAMI
- Office Name: Green Lands Realty
- Office Phone: (305) 503-4121
- Office Email: Laura@LauraisyourRealtor.com
- Listing Agent: Silvia Garaza
© 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: 7/15/2025, 6:45:26 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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 | $296,588 | $5,993 |
| 2022 | $237,310 | $5,229 |
| 2021 | $192,650 | $4,791 |
| 2020 | $171,214 | $4,406 |
| 2018 | $66,785 | $2,529 |
| 2017 | $110,155 | $2,391 |
History based on county public records data.
Nearby schools
5
Toussaint L'Ouverture Elementary School
Public District PK-5
0.3 mi
•120 NE 59th St
6
Shadowlawn Elementary School
Public District PK-5
0.6 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 $30,048. The majority of Miami, FL residents have income less than $<35k annually. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
How much money do the neighbors make?
60%
<35k
31%
35k-100k
8%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
44%
Single, No Kids
27%
Single, with Kids
15%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
7%
12-17 yrs old
26%
18-34 yrs old
38%
35-64 yrs old
12%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
White Castle
Popeyes
What do the neighbors drive?
Honda
Kia
Nissan
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 242 NE 55th Ter
The listing price of 242 NE 55th Ter property is $1,240,000.
The property 242 NE 55th Ter is a multi located in Miami, Florida, 33137.
Active Listing: 242 NE 55th Ter is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 242 NE 55th Ter are: Toussaint L'Ouverture Elementary School (GreatSchools Rating 5/10), Shadowlawn Elementary School (GreatSchools Rating 6/10), Morningside K-8 Academy (GreatSchools Rating 7/10), Jose De Diego Middle School (GreatSchools Rating 2/10), Mater Academy Middle School of International Studies (GreatSchools Rating 5/10), Georgia Jones-Ayers Middle School (GreatSchools Rating 3/10), Itech@Thomas a Edison Educational Center (GreatSchools Rating 8/10), Design & Architecture Senior High School (GreatSchools Rating 10/10), Miami Edison Senior High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $5,993 (source: MLS/based on county public records data).
The property 242 NE 55th Ter is 1,620 SqFt (source: MLS/tax record).
The year of construction for 242 NE 55th Ter is 1953.
This home is located at 242 NE 55th Ter in Miami, FL and zip code 33137 in the Buena Vista neighborhood. This 1,620 square foot home was built in 1953. Features: 0 bathroom. It has been listed on Rocket Homes since October 25, 2024 and is currently priced at $1,240,000.
Over 48 listings were sold over their listed price in June 2025 in Miami, FL. In the same period over 570 listings were sold below the listed price and 103 listings were sold for the listed price. In June 2025 in Miami, FL there were 7.1% more homes for sale than in May. In June 2025 median list price was $589,216 and the average listing age was 75 days.
From Rocket Homes Real Estate and based on county public records data.