974 NE 5 AVE, Homestead, FL 33030

974 NE 5 AVE, Homestead, FL 33030 is a 7-bedroom, 7-bathroom multifamily 2-9 units : multifamily 3 or more units built in 1958 with 2,650 square feet of living space on a 6,850 square foot lot. The property is currently owned by MARTHA BALBUENA, recorded as of 2026-03-29. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2012-08-28 for $135,000, when ALBINO PERALTA sold to MARTHA BALBUENA. The property has appreciated $13,000 (11%) since the prior sale of $122,000 on 2011-04-29. There are 3 recorded sales for this property.

The 2025 assessed value is $277,994 with a market value of $697,340. This breaks down to $150,700 for the land and $546,640 for the building. The assessed value increased 10% from $252,722 in 2024.

This property is located in FEMA Flood Zone X, which indicates minimal flood risk. Flood insurance is typically not required for properties in Zone X. The median household income in this area is $32,204, and the median home value is $402,400.

The population density is 6,392 people per square mile. 974 NE 5 AVE, Homestead, FL 33030 is located in Homestead, Florida. Property records, tax assessments, sales history, and ownership information for this Homestead property are sourced from miami_dade County public records.

The complete ownership history of this property spans from 2010 to 2012, with 3 recorded transactions in the public record. The current assessed value represents 206% 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 $51 per square foot — a key metric for comparing value across Homestead's real estate market..