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Property profile & analytics
OFF-MARKET
Apartment buildings

540 142Nd St North Miami, FL 33161

Built 1953
Property ID
Property summary
AI-generated overview

This exceptional 1953-built, one-story triplex in North Miami, Florida (33161), presents a remarkable investment opportunity. Located at 540 NE 142nd St, in a prime multi-family zoned area (3800/MULTI-FAMILY - 22-37 U/A), this property offers significant flexibility. Currently configured as three separate rental units – a main house, a one-bedroom, one-bathroom unit with a private entrance, and a detached pool house – it boasts multiple income streams. Two of the units are currently vacant, ready for immediate rental. The property features a private pool and benefits from one electric and one water meter. There is no HOA. The asking price is $989,000. This property is ideal for investors seeking a multi-family income property, or for those looking for a unique live-in opportunity with potential for rental income. The versatility of this property allows for various uses, including a single-family home with in-law quarters or guest house, or a fully rented multi-family investment. Its location in East North Miami Beach offers excellent potential for strong rental returns and future appreciation. This is a rare opportunity to acquire a well-located, versatile property with immediate income potential.

Property profile
Verified
Property type Apartment buildings
Year built 1953
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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