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    7 NE 42Nd St Miami, FL 33127

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    For Sale
    $3,000,000

    Multifamily property near Design District with development potential.

    Lot size:
    0.22 Acres

    Property Features for 7 NE 42Nd St

    General Information

    Lot size
    0.22 Acres

    Source: ELM Group at Keller Williams Agent Enrique Montoya

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multifamily Property on Corner Lot

    This multifamily property is situated on a corner lot with 100 feet of frontage on N Miami Avenue. The property currently operates as a multifamily residence, featuring a 3-bedroom, 2-bathroom single-family home and a 1-bedroom, 1-bathroom apartment. Located on the border of Historic Buena Vista and Miami's Design District, it is positioned directly in front of The Centner Academy. The existing T3-O zoning can be transitioned to T4-O, offering multiple development opportunities. Potential uses include residential, office, commercial, or educational purposes. The property allows for construction of up to 3 floors or 11,998 square feet. The location benefits from traffic along N Miami Ave, the Design District, and Historic Buena Vista.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Law Firm Realty agency Dental Office Spa & Massage Restaurant Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.196611
    Latitude
    25.815317

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    FAQs

    What type of property is this?
    Multifamily property - Multifamily property near Design District with development potential.
    Where is this multifamily property located?
    The property is located at 7 NE 42Nd St Miami, FL.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: - Corner lot with **100 feet of frontage on N Miami Avenue.**; - Located on the border of Historic Buena Vista and Miami's Design District.; - T3-O zoning, can be transitioned to T4-O (development feasibility study available).
    (305) 753-9826
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    7 NE 42Nd St Miami, FL 33127
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    Miami, FL 33127
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7 NE 42Nd St Miami, FL 33127
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