119 NE 56 ST, Miami, FL 33137

119 NE 56 ST, Miami, FL 33137 is a 4-bedroom, 3-bathroom multifamily 2-9 units : multifamily 3 or more units built in 1946 with 2,300 square feet of living space on a 7,000 square foot lot. The property is currently owned by ROOT HOME 1 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 2025-12-16 for $835,000, when VINCELLI MIAMI LLC sold to ROOT HOME 1 LLC. The property has appreciated $210,000 (34%) since the prior sale of $625,000 on 2021-12-09. There are 3 recorded sales for this property.

The 2025 assessed value is $510,364 with a market value of $510,364. This breaks down to $385,000 for the land and $125,364 for the building. The assessed value increased 7% from $478,980 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 $35,271, and the median home value is $394,100.

The population density is 11,799 people per square mile. 119 NE 56 ST, Miami, FL 33137 is located in Miami, Florida. Property records, tax assessments, sales history, and ownership information for this Miami property are available through Miami-Dade County public records.

The complete ownership history of this property spans from 2004 to 2025, with 3 recorded transactions in the public record. The current assessed value represents 61% of the most recent sale price. This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase.

Based on the most recent sale, this property traded at $363 per square foot — a key metric for comparing value across Miami's real estate market..