5501 NE 3 AVE, Miami, FL 33137

5501 NE 3 AVE, Miami, FL 33137 is a 4-bedroom, 2-bathroom multifamily 2-9 units : 2 living units built in 1964 with 1,344 square feet of living space on a 4,750 square foot lot. The property is currently owned by JACQUES R BRUTUS, 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 2009-05-28 for $103,740, when AMTRUST BNK sold to JACQUES R BRUTUS. The property has appreciated $103,640 (103640%) since the prior sale of $100 on 2009-01-22. There are 3 recorded sales for this property.

The 2025 assessed value is $195,370 with a market value of $367,124. This breaks down to $285,000 for the land and $82,124 for the building. The assessed value increased 8% from $181,027 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. 5501 NE 3 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 2005 to 2009, with 3 recorded transactions in the public record. The current assessed value represents 188% 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 $77 per square foot — a key metric for comparing value across Miami's real estate market..