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$1,240,000

  • For Sale
  • Active
  • Duplex
  • 1,620 Sq. Ft.
See This Home
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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.

Full Property Details for 242 NE 55th Terrace

General

  • Price: $1,240,000
  • Taxes: $5,994 (2023)
  • Status: Active
  • Type: Duplex
  • Source: Greater_Miami
  • MLS ID: A11674866
  • Updated: 11/21/2025
  • Added to Site: 449 day(s) ago

Rental Information

  • Rent Includes: Sewer, Trash Collection

Interior

  • Flooring: Tile

Exterior

  • Exterior Features: Exterior Lights

Parking

  • Total Spaces: 4

Location

  • Area: Dixie Highway Track
  • County: Miami-Dade County
  • Subdivision: DIXIE HIGHWAY TRACK
  • Building Name: DIXIE HIGHWAY TRACK

Community

  • Community Name: Dixie Highway Track
  • Units Assoc/Comm: 4

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Other
  • Heating Type: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Municipal Water

Structural Information

  • Architectural Style: Attached
  • Structure Type: Duplex
  • Detached/Attached: Detached
  • Construction: CBS Construction
  • Roof: Shingle
  • Windows: Blinds
  • Stories/Levels: 1
  • Building Size: 1732
  • Square Feet: 1,620
  • Living Area: 1,620 Sq. Ft.
  • Year Built: 1953

Unit Information

  • Units in Complex: 4

Lot Features

  • Lot Features: Less Than 1/4 Acre Lot
  • Zoning: 5700
  • Fencing (Description): Fenced

Financial Considerations

  • Price Per Sq. Ft.: $765.43
  • Tax Amount: $5,994
  • Tax Year: 2023
  • Terms: All Cash, Conventional

Disclosures and Reports

  • Documents Avail.: Deposit - Security
  • Legal Description: DIXIE HIGHWAY TR PB 5-24 LOT 7 BLK 6 LOT SIZE 50.00 X 95 COC 22644-1737 08 2004 5
  • Inclusions: None
  • Property ID: 01-31-13-065-0720

Listed by Green Lands Realty

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Listing agent

— 242 NE 55th Terrace —

  • Green Lands Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 242 NE 55th Terrace

School District:Dade County School District
NameGradesDistance
Toussaint L'Ouverture Elementary
120 Northeast 59th Street, Miami, FL 33137
PK-50.3 mi
Jose De Diego Middle School
3100 Northwest 5th Avenue, Miami, FL 33127
6-81.6 mi
Miami Edison Senior High School
6161 Northwest 5th Court, Miami, FL 33127
9-120.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 242 NE 55th Terrace Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/03/2025
Price Reduced
$1,240,000
-0.8%
MLS
11/12/2024
Price Reduced
$1,250,000
-3.85%
MLS
10/25/2024
Listed
$1,300,000
3150%
MLS
3/04/2011
Sold
$40,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 242 NE 55th Terrace

Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,350
6%
$322,349
9%
2023
$5,994
15%
$296,588
25%
2022
$5,229
9%
$237,310
23%
2021
$4,792
9%
$192,650
13%
2020
$4,407
—
$171,214
—
2019
$4,415
75%
$171,214
156%
2018
$2,529
6%
$66,785
-39%
2017
$2,392
16%
$110,155
100%
2016
$2,070
7%
$55,195
10%
2015
$1,943
8%
$50,178
10%
2014
$1,795
2%
$45,617
4%
2013
$1,761
—
$43,707
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Green Lands Realty

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242 NE 55th Ter, Miami, FL 33137 (MLS# A11674866) is a Duplex property with 0 bedrooms and 0 full bathrooms. 242 NE 55th Ter is currently listed for $1,240,000 and was received on October 25, 2024. Want to learn more about 242 NE 55th Ter? Do you have questions about finding other Duplex real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.

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