Investor Opportunity! Spacious 4-bedroom, 3-bathroom home currently configured as a multi-unit rental property generating strong cash flow. The property consists of three separate units: a 2 bed / 1 bath rented for $2,300, a 1 bed / 1 bath rented for $1,300, and a studio unit (0 bed / 1 bath) rented for $1,000 — for a total monthly income of $4,600. Great potential for long-term investment or future redevelopment. Centrally located in Miami with easy access to major highways, shopping, and dining.
For sale
$549,000
1501 NW 42nd St, Miami, FL 33142
4beds
1,458sqft
Est.:
Single Family Residence
Built in 1940
5,000 Square Feet Lot
$541,800 Zestimate®
$377/sqft
$-- HOA
What's special
Separate units
- 3 days
- on Zillow |
- 203 |
- 7 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: April 24, 2025 at 05:03pm
Listed by:
Christopher Garcia 954-604-3874,
Fortune Christie's International Real Estate
Source: MIAMI,MLS#: A11789412
Originating MLS: A-Miami Association of REALTORS

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Microwave, Refrigerator
Features
- Other
- Flooring: Other
Interior area
- Total structure area: 1,542
- Total interior livable area: 1,458 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: On Street
- Garage spaces: 1
- Has uncovered spaces: Yes
Features
- Stories: 1
- Entry location: First Floor Entry
- Patio & porch: Open Porch
- Pool features: R30-No Pool/No Water
- Has view: Yes
- View description: None
Lot
- Size: 5,000 Square Feet
- Features: Less Than 1/4 Acre Lot, Regular Lot
Details
- Parcel number: 0131230372130
- Zoning: 5700
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Concrete Block Construction
- Roof: Shingle
Condition
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Municipal Water
Community & HOA
Community
- Features: None, No Subdiv/Park Info
- Subdivision: North Miami Estates
HOA
- Has HOA: No
Location
- Region: Miami
Financial & listing details
- Price per square foot: $377/sqft
- Tax assessed value: $343,310
- Annual tax amount: $7,742
- Date on market: 4/23/2025
- Listing terms: All Cash,Conventional,VA Loan
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