ActiveMLS® A11674866

$1,000,000

242 NE 55th Terrace, Miami, FL 33137

Beds: —
Baths: 0
Sqft: 1,620

Est. payment$6,257/mo

Home type: Duplex
Year built: 1953
Lot size: —
Price / sqft: $617
HOA: $0/mo
Community: DIXIE HIGHWAY TRACK

Property description

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.

Listing activity

Days on market: 693
Listed: Oct 25, 2024
MLS listing updated: Sep 18, 2026
Feed last checked: 7 minutes ago

Listed by Silvia Garaza · Green Lands Realty

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 0
Bathrooms (decimal): 0

Rooms & features

Flooring: Tile

Heating & cooling

Heating: Electric
Cooling: Other

Property

Exterior

Stories: 1
Building area: 1,732 sqft
Exterior features: Lighting
Fencing: Fenced
Pool: No
Waterfront: None
Waterfront property: No

Lot

Zoning: 5700

Construction

Type & style

Home type: Duplex
Structure type: Duplex
Year built: 1953
New construction: No

Materials

Construction: CBS
Roof: Shingle
Property condition: Resale

Utilities & green energy

Utilities

Sewer: Public Sewer
Water: Public
Utilities: Cable Available

Community & HOA

Community

Subdivision: DIXIE HIGHWAY TRACK
MLS area: 2320

Association

Has association: No
Estimated monthly dues: $0

Lease details

Not reported by the listing source.

Location

Area details

City: Miami
County: Miami-Dade
ZIP code: 33137

Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number: A11674866
Possession: Negotiable
Original list price: $1,300,000
Parcel number: 0131130650720
Annual property tax: $6,815
Tax year: 2025
Tax legal description: DIXIE HIGHWAY TR PB 5-24 LOT 7 BLK 6 LOT SIZE 50.00 X 95 COC 22644-1737 08 2004 5

Additional MLS details

Reported by the listing source

Association: No
Bathrooms Total Decimal: 0
Bathrooms Total Integer: 0
Building Area Total: 1732
Construction Materials: CBS
County Or Parish: Miami-Dade
Days On Market: 693
High School: Miami Edison
List Price: 1000000
Listing Contract Date: 2024-10-25
Living Area: 1620
MLSArea Major: 2320
Middle Or Junior School: Jose De Diego
Mls Status: Active
On Market Date: 2026-09-17
Photos Count: 22
Postal Code: 33137
Price Change Timestamp: 2026-04-10T19:59:13Z
Property Sub Type: Duplex
Property Type: Residential Income
Standard Status: Active
State Or Province: FL
Status Change Timestamp: 2026-09-17T05:15:52Z
Stories Total: 1
Subdivision Name: DIXIE HIGHWAY TRACK
Water Source: Public
Waterfront Features: None
Tax Annual Amount: 6815
Pool Private: No

Market value

Automated estimate—No licensed valuation source connected

Estimated sales range—Ask Karim for a local market analysis

Estimated rent—No licensed rental valuation source connected

Price history

Date	Event	Price
Oct 25, 2024	ListedMIAMI REALTORS® MLS	$1,300,000$802/sqft
Apr 10, 2026	Price reducedMIAMI REALTORS® MLS	$1,000,000$617/sqft

Public tax history

Year	Property taxes	Assessment
2025	$6,815	—

Payment calculator

Estimated monthly payment$6,257/moIllustrative estimate, not a loan offer.

Loan typeDown payment (%)Interest rate assumption (%)Loan termInsurance / month

Principal & interest: $5,189
Property taxes: $568
Insurance: $500
Association dues: $0

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

DIXIE HIGHWAY TRACK

Miami · Miami-Dade County · 33137

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

Jose De DiegoMiddle

—

Miami EdisonHigh

—

School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

Nearby homes

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