40 NE 68 TER, Miami, FL 33138
Parcel: 0131130060520 · Multifamily 2-9 Units · 2 Living Units · Zoning: 5700
Assessed Value (2025)
$245,873
Property Details
Beds
4
Baths
2
Living Sqft
2,085
Year Built
1946
Lot Sqft
5,400
Stories
1
MULTIFAMILY 2-9 UNITS : 2 LIVING UNITS
Sales History
1
$100non-market transfer
1996-07-01
LAZARO C BORGES → LAZARO C BORGES JR
2
$70,000
2001-06-01
LAZARO C BORGES JR → ROSEMELA LAZARRE
3
$100non-market transfer
2025-01-13
ROSEMELA LAZARRE → ROSEMELA LAZARRE LE
4
N/A
2025-01-21
Tax Assessment History
$245,873
Assessed (2025)
$412,120
Market Value
$220,873
Taxable Value
$4,497
Annual Tax
2024
$120,269
$387,598
2025
$245,873
$412,120
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $245,873 | $412,120 | $220,873 | $4,497 | $221,400 | $190,720 |
| 2024 | $120,269 | $387,598 | $95,269 | $1,940 | $216,070 | $171,528 |
About 40 NE 68 TER, Miami, FL 33138
40 NE 68 TER, Miami, FL 33138 is a 4-bedroom, 2-bathroom multifamily 2-9 units : 2 living units built in 1946 with 2,085 square feet of living space on a 5,400 square foot lot. The property is currently owned by ROSEMELA LAZARRE LE REM THE ROSEMELA LAZARRE TRUST, recorded as of 2026-04-19. The mailing address differs from the property address, suggesting this may be an investment property or rental.
There are 4 recorded sales for this property. The 2025 assessed value is $245,873 with a market value of $412,120. This breaks down to $221,400 for the land and $190,720 for the building.
The assessed value increased 104% from $120,269 in 2024. The property has the following tax exemptions: homestead. The median household income in this area is $26,073, and the median home value is $319,300.
The population density is 9,093 people per square mile. 40 NE 68 TER, Miami, FL 33138 is located in Miami, Florida. Property records, tax assessments, sales history, and ownership information for this Miami property are sourced from miami_dade County public records.
The complete ownership history of this property spans from 1996 to 2025, with 4 recorded transactions in the public record..
Current Owner
ROSEMELA LAZARRE LE REM THE ROSEMELA LAZARRE TRUST
42 NE 68 TERR, MIAMI, FL, 33138
Since: 2026-04-19
View owner profile →
People Behind This Entity
Est. Annual Insurance
$3,350 — $6,209
Flood $400 — $800
Property/Wind $2,950 — $5,409
Estimate based on FEMA flood zone, property value, and year built. Actual premiums vary based on elevation, mitigation features, roof condition, and insurer. Not a quote.
Neighborhood
Median Income$26,073
Median Home Value$319,300
Pop. Density9,093/sq mi
Neighborhood 33138
48.5%
Owner-Occ
51.5%
Investor
305
Flips (4yr)
6,055
New Biz (3yr)
Distress Risk
MODERATE
39
Zoom in to see property sales