1323 SW 40 AVE, Miami-Dade County, FL 33134

1323 SW 40 AVE, Miami-Dade County, FL 33134 is a 2-bedroom, 2-bathroom multifamily 2-9 units : 2 living units built in 1934 with 1,452 square feet of living space on a 6,250 square foot lot. The property is currently owned by EM2 PROPERTIES 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 2012-06-28 for $257,000, when TARA 345 INC sold to EM2 PROPERTIES LLC. The property sold for $118,000 less than the prior sale of $375,000 on 2004-12-01. There are 3 recorded sales for this property.

The 2025 assessed value is $501,182 with a market value of $665,757. This breaks down to $531,250 for the land and $134,507 for the building. The assessed value increased 10% from $455,620 in 2024.

The median household income in this area is $57,525, and the median home value is $377,600. The population density is 11,643 people per square mile. The complete ownership history of this property spans from 1990 to 2012, with 3 recorded transactions in the public record.

The current assessed value represents 195% 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 $177 per square foot — a key metric for comparing value across the area's real estate market..