406 NW 41 ST, Miami, FL 33127

Parcel: 0131240020260 · Multifamily 2-9 Units · 2 Living Units · Zoning: 0104

Assessed Value (2025)
$527,065

Property Details

Beds
5
Baths
2
Living Sqft
1,545
Year Built
1939
Lot Sqft
5,350
Stories
1
MULTIFAMILY 2-9 UNITS : 2 LIVING UNITS

Sales History

1
$36,100
2010-07-09
WILSON MEZAMIDFIRST BANK
2
$218,800+506%
2018-06-05
MIDFIRST BANKALESSA CORP
3
$877,000+301%
2023-09-01
ALESSA CORPSYED SUHAIB AHMAD
4
$877,000
2023-09-12

Tax Assessment History

$527,065
Assessed (2025)
$527,065
Market Value
$527,065
Taxable Value
$10,731
Annual Tax
2024
$512,788
2025
$527,065
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $527,065 $527,065 $527,065 $10,731
2024 $512,788 $512,788 $512,788 $10,440

About 406 NW 41 ST, Miami, FL 33127

406 NW 41 ST, Miami, FL 33127 is a 5-bedroom, 2-bathroom multifamily 2-9 units : 2 living units built in 1939 with 1,545 square feet of living space on a 5,350 square foot lot. The property is currently owned by SYED SUHAIB AHMAD, 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 2023-09-12 for $877,000. There are 4 recorded sales for this property. The 2025 assessed value is $527,065 with a market value of $527,065.

This breaks down to $401,250 for the land and $125,815 for the building. The assessed value increased 3% from $512,788 in 2024. 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 $49,685, and the median home value is $657,900. The population density is 8,510 people per square mile.

There are active mortgage liens totaling $754,049 recorded against this property. 406 NW 41 ST, Miami, FL 33127 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 2010 to 2023, with 4 recorded transactions in the public record. The current assessed value represents 60% of the most recent sale price. This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase.

Based on the most recent sale, this property traded at $568 per square foot — a key metric for comparing value across Miami's real estate market..

Current Owner

SYED SUHAIB AHMAD
406 NW 41 ST, MIAMI, FL, 33127
Since: 2026-03-29
View owner profile →

Flood Zone

Zone X
Minimal risk

Est. Annual Insurance

$6,724 — $12,395
Flood $400 — $800
Property/Wind $6,324 — $11,595

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$49,685
Median Home Value$657,900
Pop. Density8,510/sq mi

Neighborhood 33127

32.7%
Owner-Occ
67.3%
Investor
303
Flips (4yr)
5,843
New Biz (3yr)
Distress Risk
ELEVATED
44
View full risk analysis →

Mortgages

ACTIVE
$777,000
~$754,049 bal.
AMERICAN SECURITY MORTGAGE CORP · 2023-09-12
Est. Total Balance $754,049
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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