1351 SW 40 AVE, Miami-Dade County, FL 33134

1351 SW 40 AVE, Miami-Dade County, FL 33134 is a 3-bedroom, 2-bathroom multifamily 2-9 units : 2 living units built in 1934 with 1,823 square feet of living space on a 9,375 square foot lot. The property is currently owned by LITTLE GABLES RENTALS 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 2012-02-17 for $277,500, when CHARLES J RUIZ &W CONNIE sold to LITTLE GABLES RENTALS LLC. The property has appreciated $210,800 (316%) since the prior sale of $66,700 on 1980-08-01. There are 3 recorded sales for this property.

The 2025 assessed value is $453,871 with a market value of $778,470. This breaks down to $717,378 for the land and $61,092 for the building. The assessed value increased 10% from $412,610 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 1978 to 2012, with 3 recorded transactions in the public record.

The current assessed value represents 164% 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 $152 per square foot — a key metric for comparing value across the area's real estate market..