740 NE 131 ST, North Miami, FL 33161

740 NE 131 ST, North Miami, FL 33161 is a 3-bedroom, 2-bathroom multifamily 2-9 units : 2 living units built in 1950 with 2,196 square feet of living space on a 10,350 square foot lot. The property is currently owned by IMMACULA RICHMOND NASSER RICHMOND, 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 2015-10-08 for $183,000, when JRGA PALMYRA PROPERTIES LLC sold to IMMACULA RICHMOND. The property has appreciated $98,000 (115%) since the prior sale of $85,000 on 2012-11-01. There are 3 recorded sales for this property.

The 2025 assessed value is $360,762 with a market value of $544,493. This breaks down to $331,200 for the land and $213,293 for the building. The assessed value increased 10% from $327,966 in 2024.

The median household income in this area is $43,719, and the median home value is $291,700. The population density is 11,178 people per square mile. There are active mortgage liens totaling $291,012 recorded against this property.

740 NE 131 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 2003 to 2015, with 3 recorded transactions in the public record.

The current assessed value represents 197% 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 $83 per square foot — a key metric for comparing value across North Miami's real estate market..