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1519 NW 40th Street, Miami FL 33142

Multi-family Recently Sold
$275,000

BTC: 3.30767380

ETH: 103.77358491

Sold on: 2020-02-12
1 days
0 room(s)
1,959 sqft

Overview

9.6% CAP RATE!!! Each unit is 2/1. This is a great investment opportunity with a solid ROI. Remodeled duplex with washer & dryer for each unit, new floors, new central AC in both units. Front unit currently rented for $1,100/mo. month-to-month. Tenant can stay or go with 30 days notice. Market rent is closer to $1,500/$1,600. Close to Jackson Memorial Hospital, Miami International Airport, Midtown.

Location

Florida • Miami • 33142 • Multi-family • Recently Sold

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1972
Lot:
No Data
Heating:
Central
Price/sqft:
$140
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$464,000
$278K – $563K
Confidence Low
List vs. estimate
$189K below estimate
List $275,000 · -40.7%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$140
-68.2% vs. city median $441
Based on
8 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $417K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$2,696
2018
All facts and features

  • Flooring

    • Terrazzo

    • Tile

    Heating

    • Central

    Cooling

    • Central Air

  • Other Property Information

    • Parcel Number: 01-31-23-038-0220

    • Zoning: 5700

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Other financial information

    • Annual tax amount: $2,696

  • Source details

    • MLS ID: F10211933

    Other facts

    • Construction Materials: CBS Construction

    • Lot Features: Less Than 1/4 Acre Lot

    • Living Area: 1959

    • Water Source: Public

    • Subdivision Name: Cedarhurst

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33142
124
median $577K
Active
Same city
Miami
6,553
median $635K
Active
Same type
Multi-family
258
median $899K
Active
Similar price
$192K – $357K
1,001
median $280K
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Park Creek Realty Inc