1601 NW 40 ST, Miami, FL 33142

1601 NW 40 ST, Miami, FL 33142 is a 6-bedroom, 4-bathroom multifamily 2-9 units : 2 living units built in 1929 with 2,190 square feet of living space on a 5,000 square foot lot. The property is currently owned by RENTAL PROP CORP, recorded as of 2026-03-29. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2011-10-11 for $45,000, when REGIONS BANK sold to RENTALPROP CORP . The property has appreciated $43,900 (3991%) since the prior sale of $1,100 on 2010-11-02. There are 3 recorded sales for this property.

The 2025 assessed value is $146,683 with a market value of $356,326. This breaks down to $185,000 for the land and $171,326 for the building. The assessed value increased 10% from $133,349 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. 1601 NW 40 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 2003 to 2011, with 3 recorded transactions in the public record. The current assessed value represents 326% 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 $21 per square foot — a key metric for comparing value across Miami's real estate market..