1321 NW 42 ST, Miami, FL 33142

1321 NW 42 ST, Miami, FL 33142 is a 3-bedroom, 2-bathroom multifamily 2-9 units : 2 living units built in 1939 with 1,154 square feet of living space on a 5,000 square foot lot. The property is currently owned by LALA LAPAS LLC, 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 2013-01-10 for $65,000, when L KARIM LLC sold to LALA LAPAS LLC. The property has appreciated $31,668 (95%) since the prior sale of $33,332 on 2011-05-11. There are 3 recorded sales for this property.

The 2025 assessed value is $126,740 with a market value of $261,840. This breaks down to $185,000 for the land and $76,840 for the building. The assessed value increased 10% from $115,219 in 2024.

The median household income in this area is $39,857, and the median home value is $362,700. The population density is 8,262 people per square mile. 1321 NW 42 ST, Miami, FL 33142 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 2011 to 2013, with 3 recorded transactions in the public record. The current assessed value represents 195% 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 $56 per square foot — a key metric for comparing value across Miami's real estate market..