5525 W 24 WAY, Hialeah, FL 33016
Parcel: 0420340550060 · Multifamily 10 Units Plus · Multifamily 3 Or More Units · Zoning: 4600
Assessed Value (2025)
$3,062,897
Property Details
Beds
40
Baths
30
Living Sqft
16,360
Year Built
1988
Lot Sqft
26,675
Stories
2
MULTIFAMILY 10 UNITS PLUS : MULTIFAMILY 3 OR MORE UNITS
Sales History
1
$700,000
1992-06-01
2
N/Anon-market transfer
2000-07-01
3
$100non-market transfer
2016-12-21
WAI SHING OW TR & → WAI SHING OW TRS
Tax Assessment History
$3,062,897
Assessed (2025)
$3,840,000
Market Value
$3,062,897
Taxable Value
$62,358
Annual Tax
2024
$2,784,452
$4,010,000
2025
$3,062,897
$3,840,000
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $3,062,897 | $3,840,000 | $3,062,897 | $62,358 | $1,173,700 | $2,666,300 |
| 2024 | $2,784,452 | $4,010,000 | $2,784,452 | $56,689 | $1,120,350 | $2,889,650 |
About 5525 W 24 WAY, Hialeah, FL 33016
5525 W 24 WAY, Hialeah, FL 33016 is a 40-bedroom, 30-bathroom multifamily 10 units plus : multifamily 3 or more units built in 1988 with 16,360 square feet of living space on a 26,675 square foot lot. The property is currently owned by WAI SHING OW TRS WAI SHING OW REVOCABLE TRUST, 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 2016-12-21 for $100, when WAI SHING OW TR & sold to WAI SHING OW TRS. There are 3 recorded sales for this property. The 2025 assessed value is $3,062,897 with a market value of $3,840,000.
This breaks down to $1,173,700 for the land and $2,666,300 for the building. The assessed value increased 10% from $2,784,452 in 2024. The median household income in this area is $29,088, and the median home value is $232,200.
The population density is 35,090 people per square mile. 5525 W 24 WAY, Hialeah, FL 33016 is located in Hialeah, Florida. Property records, tax assessments, sales history, and ownership information for this Hialeah property are sourced from miami_dade County public records.
The complete ownership history of this property spans from 1992 to 2016, with 3 recorded transactions in the public record..
Current Owner
WAI SHING OW TRS WAI SHING OW REVOCABLE TRUST
1421 SW 16 AVE, MIAMI, FL, 33145
Since: 2026-04-19
View owner profile →
People Behind This Entity
Est. Annual Insurance
$31,028 — $55,932
Flood $400 — $800
Property/Wind $30,628 — $55,132
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$29,088
Median Home Value$232,200
Pop. Density35,090/sq mi
Neighborhood 33016
24.3%
Owner-Occ
75.7%
Investor
127
Flips (4yr)
6,508
New Biz (3yr)
Distress Risk
MODERATE
31
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