1550 NE 124 ST, North Miami, FL 33161

1550 NE 124 ST, North Miami, FL 33161 is a 4-bedroom, 2-bathroom multifamily 2-9 units : 2 living units built in 1948 with 1,943 square feet of living space on a 6,806 square foot lot. The property is currently owned by JUAN MARTINEZ JORGE L MARTINEZ, recorded as of 2026-04-19. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2017-08-23 for $60,000, when SAMUEL MARTINEZ &W NICOLASA sold to JUAN MARTINEZ. The property sold for $10,000 less than the prior sale of $70,000 on 1987-02-01. There are 3 recorded sales for this property.

The 2025 assessed value is $140,646 with a market value of $395,955. This breaks down to $272,240 for the land and $123,715 for the building. The assessed value increased 4% from $135,789 in 2024.

The property has the following tax exemptions: homestead. The median household income in this area is $48,929, and the median home value is $127,300. The population density is 13,221 people per square mile.

1550 NE 124 ST, North Miami, FL 33161 is located in North Miami, Florida. Property records, tax assessments, sales history, and ownership information for this North Miami property are sourced from miami_dade County public records. The complete ownership history of this property spans from 1978 to 2017, with 3 recorded transactions in the public record.

The current assessed value represents 234% 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 $31 per square foot — a key metric for comparing value across North Miami's real estate market..