Home » Properties » 242 NE 55th Ter, Miami FL 33137

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c4d60451f1138a1b64023e5e5f27b06a_c4d60451f1138a1b64023e5e5f27b06a-m10_55b24df5eb2d00151540c0ea05f385fd-a15d25e1

Duplex in Miami's Opportunity Zone - 1620 sqft

Well-maintained duplex in Miami's thriving neighborhood with modern units and strong rental history, perfect for residential income.

$1,000,000

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MLS #A11674866

Listing Updated: 2026-07-11 12:38:24

Listed By: Green Lands Realty

Overview

This residential income duplex located at 242 NE 55th Ter, Miami FL 33137 offers 1620 sqft of living space and operates as a fourplex, providing multiple spacious units with modern finishes and ample natural light. Built in 1953, the property is situated in a thriving neighborhood within an opportunity zone, close to local amenities, parks, public transportation, restaurants, and schools. Its strong rental history and low vacancy rates make it a practical choice for buyers seeking a reliable multifamily investment in Miami.

Property Highlights

Duplex operating as a fourplex, multiple spacious units, modern finishes, ample natural light, located in an opportunity zone, close to amenities and transportation, strong rental history, low vacancy rates.

Property Details

City: Miami

State: FL

Zip Code: 33137

Address: 242 NE 55th Ter, Miami FL 33137

Year Built: 1953

Property Type: Residential Income

Property Sub Type: Duplex

Listing Office Name: Green Lands Realty

County: Miami-Dade County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features: Exterior Lights

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $5,994

Days On Market: 589 Days

Original Listing 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.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

242 NE 55th Ter, Miami FL 33137

About This Neighborhood

Situated in a thriving Miami neighborhood, this property benefits from proximity to parks, restaurants, schools, and public transportation. The community offers a balanced urban lifestyle with convenient access to daily necessities and recreational spaces. The opportunity zone designation adds appeal by highlighting the area's potential for long-term growth and development, making it attractive for residents and investors alike.

Walkability & Lifestyle

Residents benefit from a walkable environment with nearby restaurants, parks, and shopping options. The neighborhood's design encourages pedestrian activity, making daily errands and leisure activities accessible without extensive travel. Public transportation options further enhance mobility, supporting a lifestyle that balances convenience and outdoor enjoyment.

Things To Do Nearby

The area offers a variety of lifestyle activities including dining at local restaurants, visiting parks, and engaging in outdoor recreation. Its proximity to waterfront areas and cultural attractions provides residents with diverse options for leisure and entertainment. Whether enjoying a day out or exploring nearby amenities, the location supports an active and engaging lifestyle.

Nearby Schools

The property is conveniently located near several schools, providing easy access for families and tenants with children. This proximity supports the residential appeal of the neighborhood, making it a practical choice for tenants looking for educational options within a reasonable distance. The availability of schools nearby contributes positively to the community atmosphere.

Why Buyers Like This Area

Buyers appreciate this area for its convenient location, access to amenities, and the opportunity zone benefits. The property's multifamily setup suits those seeking residential income with manageable vacancy. The neighborhood's balance of urban conveniences and community feel appeals to a wide range of buyers looking for stable and accessible housing options.

Investment Potential

This duplex in Miami's opportunity zone presents a solid option for buyers interested in residential income properties. The multiple units and strong rental history indicate consistent tenant interest, supported by the property's location near amenities and public transit. While rental income cannot be guaranteed, the area's demand and low vacancy rates suggest favorable conditions for occupancy and usability. Investors seeking a multifamily asset in a growing neighborhood may find this property aligns with their portfolio goals.

Market Trends

The Miami residential market continues to attract interest due to its dynamic urban environment and steady demand for multifamily housing. Properties in opportunity zones often garner attention from buyers seeking locations with potential for appreciation and community revitalization. Inventory levels and buyer activity in this area reflect a competitive market where well-maintained units with modern amenities hold their appeal over time.

Rental Income Potential

Given its location and configuration as a fourplex, this property has demonstrated consistent tenant demand and low vacancy rates. The proximity to local amenities and transportation enhances its rental appeal, attracting a range of tenants. While rental income can fluctuate, the property's usability and location support ongoing interest from renters seeking convenient and comfortable housing options.