1501 W 42 ST, Hialeah, FL 33012

1501 W 42 ST, Hialeah, FL 33012 is a 40-bedroom, 20-bathroom multifamily 10 units plus : multifamily 3 or more units built in 1987 with 19,600 square feet of living space on a 33,933 square foot lot. The property is currently owned by 1501 HIALEAH FLORIDA LLC, 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 2024-08-20 for $5,750,000. There are 4 recorded sales for this property. The 2025 assessed value is $4,300,000 with a market value of $4,300,000.

This breaks down to $877,320 for the land and $3,422,680 for the building. The assessed value increased 7% from $4,005,100 in 2024. This property is located in FEMA Flood Zone AH, indicating shallow flooding areas with ponding potential.

Flood insurance is typically required. The median household income in this area is $43,079, and the median home value is $238,700. The population density is 18,368 people per square mile.

There are active mortgage liens totaling $2,990,000 recorded against this property. 1501 W 42 ST, Hialeah, FL 33012 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 2024, with 4 recorded transactions in the public record. The current assessed value represents 75% of the most recent sale price. Based on the most recent sale, this property traded at $293 per square foot — a key metric for comparing value across Hialeah's real estate market..