987 NW 4 ST, Miami, FL 33128

Parcel: 0141020020150 · Multifamily 2-9 Units · Multifamily 3 Or More Units · Zoning: 3900

Assessed Value (2025)
$889,652

Property Details

Baths
4
Living Sqft
5,252
Year Built
2008
Lot Sqft
4,500
Stories
3
MULTIFAMILY 2-9 UNITS : MULTIFAMILY 3 OR MORE UNITS

Sales History

1
$50,000
2003-11-01
2
$50,000
2006-10-01
3
$865,000+1630%
2021-08-02
987 INVESTMENTS LLCCARLOS D BORMEY

Tax Assessment History

$889,652
Assessed (2025)
$960,000
Market Value
$889,652
Taxable Value
$18,113
Annual Tax
2024
$808,775
$956,087
2025
$889,652
$960,000
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $889,652 $960,000 $889,652 $18,113
2024 $808,775 $956,087 $808,775 $16,466

About 987 NW 4 ST, Miami, FL 33128

987 NW 4 ST, Miami, FL 33128 is a multifamily 2-9 units : multifamily 3 or more units built in 2008 with 5,252 square feet of living space on a 4,500 square foot lot. The property is currently owned by CARLOS D BORMEY BARBARA L BORMEY, recorded as of 2026-04-19. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2021-08-02 for $865,000, when 987 INVESTMENTS LLC sold to CARLOS D BORMEY. The property has appreciated $815,000 (1630%) since the prior sale of $50,000 on 2006-10-01. There are 3 recorded sales for this property.

The 2025 assessed value is $889,652 with a market value of $960,000. This breaks down to $337,500 for the land and $622,500 for the building. The assessed value increased 10% from $808,775 in 2024.

The median household income in this area is $37,423, and the median home value is $-666,666,666. The population density is 33,128 people per square mile. There are active mortgage liens totaling $514,272 recorded against this property.

987 NW 4 ST, Miami, FL 33128 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 2021, with 3 recorded transactions in the public record.

The current assessed value represents 103% of the most recent sale price. Based on the most recent sale, this property traded at $165 per square foot — a key metric for comparing value across Miami's real estate market..

Current Owner

CARLOS D BORMEY BARBARA L BORMEY
1400 SW 143 PL, MIAMI, FL, 33184
Since: 2026-04-19
View owner profile →

Est. Annual Insurance

$5,737 — $9,696
Flood $400 — $800
Property/Wind $5,337 — $8,896

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$37,423
Median Home Value$-666,666,666
Pop. Density33,128/sq mi

Neighborhood 33128

22.1%
Owner-Occ
77.9%
Investor
24
Flips (4yr)
1,367
New Biz (3yr)
Distress Risk
HIGH
61
View full risk analysis →

Mortgages

ACTIVE
$545,000
~$514,272 bal.
TRUIST BANK · 2021-08-10
Est. Total Balance $514,272
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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