5947 NE 1 AVE, Miami, FL 33137

5947 NE 1 AVE, Miami, FL 33137 is a 5-bedroom, 3-bathroom multifamily 2-9 units : 2 living units built in 1980 with 1,905 square feet of living space on a 5,450 square foot lot. The property is currently owned by PABLO EMILIO CRUZ, recorded as of 2026-03-29. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2013-08-21 for $160,000, when ELIM VI II LLC sold to PABLO EMILIO CRUZ. The property has appreciated $60,000 (60%) since the prior sale of $100,000 on 2013-04-15. There are 3 recorded sales for this property.

The 2025 assessed value is $199,819 with a market value of $426,944. This breaks down to $223,450 for the land and $203,494 for the building. The assessed value increased 8% from $185,509 in 2024.

The property has the following tax exemptions: homestead. This property is located in FEMA Flood Zone X, which indicates minimal flood risk. Flood insurance is typically not required for properties in Zone X.

The median household income in this area is $35,271, and the median home value is $394,100. The population density is 11,799 people per square mile. 5947 NE 1 AVE, Miami, FL 33137 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 2012 to 2013, with 3 recorded transactions in the public record. The current assessed value represents 125% of the most recent sale price.

This high ratio could indicate the property was purchased below market value — a potential sign of a distressed sale or off-market deal. Based on the most recent sale, this property traded at $84 per square foot — a key metric for comparing value across Miami's real estate market..