1231 SW 31 AVE, Miami, FL 33135

1231 SW 31 AVE, Miami, FL 33135 is a 2-bedroom, 2-bathroom multifamily 2-9 units : 2 living units built in 1940 with 1,302 square feet of living space on a 4,356 square foot lot. The property is currently owned by JOSE L BERMUDEZ &W ELENA C, 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 1994-05-01 for $65,000. The property sold for $7,500 less than the prior sale of $72,500 on 1981-03-01. There are 3 recorded sales for this property.

The 2025 assessed value is $345,788 with a market value of $426,231. This breaks down to $313,632 for the land and $112,599 for the building. The assessed value increased 10% from $314,353 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 $50,917, and the median home value is $474,000.

The population density is 15,267 people per square mile. 1231 SW 31 AVE, Miami, FL 33135 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 1980 to 1994, with 3 recorded transactions in the public record. The current assessed value represents 532% 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 $50 per square foot — a key metric for comparing value across Miami's real estate market..