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Multifamily Property in Thriving Neighborhood

242 NE 55th Ter Miami, FL 33137

242 NE 55th Ter, Miami, FL, 33137
$1,000,000
For Sale
Claim this Listing
$1,000,000

Well-maintained multifamily property in a desirable Miami neighborhood.

AddedNov 28, 2025
Days on Market230
Last RefreshJul 15 at 4:00 pm

Property Features for 242 NE 55th Ter

General Information

Standard status
Active
Property subtype
Other

Building Details

Year Built
1953

Listing office Green Lands Realty

Listing date Nov 28, 2025

Source Elliman

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

All listing content including descriptions, pricing, images are the copyrighted material of Green Lands Realty


Investment Insights

Based on property information with market context.

This well-maintained multifamily property is located in a thriving neighborhood. The property features multiple spacious units, each with modern finishes and ample natural light. It has a strong rental history and low vacancy rates. The location provides close proximity to local amenities, parks, public transport, restaurants, and schools. The property is a duplex operating as a fourplex and is situated in an opportunity zone, making it an ideal investment.

Key Highlights

  • Strong rental history and low vacancy rates
  • Situated in a thriving neighborhood in an opportunity zone
  • Multiple spacious units with modern finishes and ample natural light

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Dental Office Veterinary Clinic Butcher Pet Grooming Service (Bike/Boat/Book/etc) Store Locksmith Restaurant (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Computer & Electronic Repair

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

FAQs

What type of property is this?
Multifamily property - Well-maintained multifamily property in a desirable Miami neighborhood.
Where is this multifamily property located?
The property is located at 242 NE 55th Ter Miami, FL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Strong rental history and low vacancy rates; Situated in a thriving neighborhood in an opportunity zone; Multiple spacious units with modern finishes and ample natural light
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