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$1,500,000
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Property Description
Legal 6-Plex Miami Investment Opportunity! 6-Unit Multifamily on an Oversized Lot with Significant Upside. This 10 Bed / 8 Bath asset offers investors the opportunity to acquire a multifamily property with great rents. Just minutes from the Miami Design District, Midtown, Downtown, and Miami Beach. The property features gated parking, A very clean 2 Story building plus another additional building. Seller will deliver with appliances installed prior to closing. Units have central A/C, a spacious backyard, multiple storage sheds, a covered carport, and a completely fenced perimeter. The roof is weathertight, providing a solid foundation for an investor looking to make strategic improvements, increase rents, and maximize the property's income potential. Situated on high and dry land and surrounded by new two-story construction, the property benefits from ongoing redevelopment and strong long-term neighborhood momentum. An attractive value-add opportunity for investors seeking rental growth, operational upside, and long-term appreciation potential in a prime Miami location. These multifamily assets are hard to find! Call or Text Listing Agent for private showing. Proof of Funds required.
Full Property Details
Full Property Details for 729 NW 55th Terrace
General
- Price: $1,500,000
- Status: Active
- Type: Commercial Multi-Family
- Source: Greater_Miami
- MLS ID: A12069759
- Updated: 8/19/2026
- Added to Site: 24 day(s) ago
Business
- Business Type: Residential-Multi-Family
Location
- County: Miami-Dade County
Community
- Units Assoc/Comm: 6
Structural Information
- Detached/Attached: Detached
- Building Size: 4232
- Year Built: 1926
Unit Information
- Units in Complex: 6
Lot Features
- Lot Size (Sq. Ft.): 13,100
- Zoning: 6101
Financial Considerations
- Terms: Cash
Disclosures and Reports
- Special Conditions: Sale
- Legal Description: WESTDALE 2ND AMD PL PB 11-30 LOTS 5 & 6 LESS S5FT TO ST BLK 1 LOT SIZE IRREGULAR OR 19861-1251 26230-1308 0801 4
- Property ID: 01-31-14-030-0040
Listed by Lexico Realty Inc and Euflorida Realty, Inc.
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Schools
Schools serving 729 NW 55th Terrace
School District:Dade County School District
| Name | Grades | Distance |
|---|---|---|
Orchard Villa Elementary School 5720 Northwest 13th Avenue, Miami, FL 33142 | PK-5 | 0.7 mi |
Brownsville Middle School 4899 Northwest 24th Avenue, Miami, FL 33142 | 6-8 | 1.7 mi |
Miami Northwestern Senior High School 1100 Northwest 71st Street, Miami, FL 33150 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 729 NW 55th Terrace
Date
Details
Price
Change
Source
8/19/2026
Price Reduced
$1,500,000
-0.92%
MLS
8/12/2026
Listed
$1,514,000
89.25%
MLS
12/07/2023
Sold
$800,000
—
Public Record
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
Tax History for 729 NW 55th Terrace
Year
Property Taxes
Change
Tax Assessment
Change
2025
$14,172
4%
$748,000
-1%
2024
$13,623
12%
$753,766
-25%
2023
$12,214
62%
$998,974
145%
2021
$7,549
-15%
$408,126
-30%
2022
$8,925
18%
$583,457
95%
2021
$7,549
57%
$299,376
14%
2019
$4,809
9%
$263,626
9%
2018
$4,392
7%
$241,536
-9%
2017
$4,105
11%
$264,273
30%
2016
$3,703
15%
$203,001
9%
2015
$3,228
-26%
$186,598
-20%
2014
$4,364
2%
$233,630
2%
2013
$4,260
—
$229,247
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 729 NW 55th Terrace
729 NW 55th Ter, Miami, FL 33127 (MLS# A12069759) is a Commercial Multi-Family property. 729 NW 55th Ter is currently listed for $1,500,000 and was received on August 12, 2026. Want to learn more about 729 NW 55th Ter? Do you have questions about finding other Commercial Multi-Family real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.

