What is the asking price and what does it include?

The list price for 2140 NW 1st Ter, Miami FL 33125 is $695,000. The property is a property with — bedrooms, — bathrooms, approximately — square feet of living space, on a — lot. List price reflects the home and customarily-attached fixtures; it does not include furniture, art, or detached personal property unless explicitly listed in contract. Final inclusions are determined by the executed purchase contract, not by this page. Contact us if you want a written inclusions/exclusions schedule before drafting an offer.

Where exactly is it, and what is the neighborhood like?

The property sits at 2140 NW 1st Ter, Miami FL 33125 in Miami, 33125. Coordinates are approximately 25.774562, -80.229968. Walkability, transit, distance to beach or bay, and traffic patterns vary block by block and are best evaluated in person; visit at both a weekday rush hour and a weekend afternoon before writing an offer. We do not characterize neighborhoods by demographic composition — Fair Housing Act constraints we take seriously. We will gladly provide objective data on request: distance to nearest grocery, hospital, marina, public school, and major roadway.

What are the property taxes and any homestead implications?

Miami-Dade County real-estate taxes are administered by the Miami-Dade Property Appraiser (current assessment + tax-bill data at https://www.miamidade.gov/pa/property_search.asp). A new buyer's tax bill resets based on the sale price and the buyer's own exemption status; the first full tax bill after purchase is often meaningfully higher than the seller's prior bill. Florida's Homestead Exemption reduces the taxable value for a primary residence — eligibility requirements and filing windows are published at https://www.miamidade.gov/pa/exemptions_homestead.asp. The statewide Florida Department of Revenue property-tax reference is at https://floridarevenue.com/property/.

Is it in a flood zone, and what does that mean for insurance?

Authoritative flood-zone designation for any U.S. address is published by FEMA on the National Flood Hazard Layer at https://msc.fema.gov/portal/home. Coastal South Florida includes properties in multiple flood-risk zones (AE, V, VE, X). Lenders typically require flood insurance in high-risk zones. The FEMA Risk Rating 2.0 methodology (premiums based on elevation, construction type, claims history, distance to water) is documented at https://www.fema.gov/flood-insurance/risk-rating. Florida-specific flood-insurance program data is at https://floridarevenue.com/.

How do you determine the list price?

We analyze recent comparable sales in Miami — similar properties in size, condition, and location that sold within the last three to six months. This Comparative Market Analysis (CMA) helps ensure 695,000 reflects current market value. For a personalized CMA on a specific property or to discuss listing strategy, contact us directly.

How long does it typically take to close on this property?

Most Florida real estate transactions close in 30–45 days from accepted offer, assuming timely financing, inspections, and HOA or condominium questionnaire responses. Condominium sales may take longer if SB-4D structural reports or association approvals are needed. We manage the timeline closely to avoid delays. Contact us for a detailed closing checklist tailored to 2140 NW 1st Ter, Miami FL 33125.

What financing step do you recommend before touring?

Get pre-approved by a licensed lender before making an offer. A pre-approval letter shows sellers you are a serious buyer and can close. In Florida's competitive market, it is often a practical requirement. We work with trusted local lenders who understand Miami-Dade specifics like flood-zone implications and condominium-warrantability requirements. Call us for lender referrals.

Home
2140 NW 1st Ter, Miami FL 33125 | Miami-Dade County | A12023395

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2140 NW 1st Ter, Miami FL 33125 | Miami-Dade County | A12023395

2140 NW 1st Ter, Miami FL 33125

Active

$695,000

21 More

Sq Ft
Area Size

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Active

2140 NW 1st Ter, Miami FL 33125 | Miami-Dade County | A12023395

2140 NW 1st Ter, Miami FL 33125

$695,000

Description

Quadplex featuring four 1BR/1BA residences in a highly central Miami location near Flagler, Little Havana and major employment hubs like Brickell & Downtown. Walking distance to New Miami Marlins Baseball Park. This income-producing 4-unit multifamily property offers modern finishes, flexible living options, and excellent rental potential for investors or owner-occupants alike. 3 Units are occupied. 1 Unit is vacant and easy to see! Property has a double lot as it has an entrance thru front and another entrance in the rear. Plenty of parking in the front and back of unit. Each unit features open-concept living areas, tile flooring throughout, abundant natural light, central A/C, yard area, modern kitchens with quality countertops, newer appliances, and custom cabinetry. Separate entrances provide added privacy and functionality. Decent sized parking area accommodates multiple vehicles, work trucks, or commercial-use parking needs. Centrally located minutes from Downtown Miami, Brickell, Little Havana, major highways, shopping, dining, and entertainment. Separate Water Meters and Separate Electric Meters. Excellent opportunity to own a versatile multifamily property in a high-demand rental market. This property should produce $7,000/mo. Property is a great investment vehicle with much upside. Call to see!!

Address

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Address: 1st Ter
City: Miami
Zip/Postal Code: 33125

Details

Updated on June 8, 2026 at 12:05 am

Property ID A12023395
Price $695,000
Year Built 1951
Property Status Active

Additional details

StreetDirPrefix NW
LivingAreaUnits Square Feet
PhotosCount 26
MIAMIRE_SubdivisionNumber 9
ViewYN No
MIAMIRE_NARRulesYN Yes
BuildingName Little Havana
ListingKeyNumeric 486802458
AssociationYN No
MlsStatus Active
StreetNumber 2140
ListingKey e0341de77a59858f90bd82d11866ba59
MIAMIRE_AddressInternetDisplay 2140 NW 1st Ter
PoolPrivateYN No
WaterfrontYN No
InternetAddressDisplayYN Yes
StreetNumberNumeric 2140
MIAMIRE_MunicipalCode 0
PostalCodePlus4 5320
NumberOfUnitsInCommunity 4
MIAMIRE_Area 41
ListingAgreement Exclusive Right To Sell
ListingId A12023395
BuildingAreaUnits Square Feet
InternetEntireListingDisplayYN Yes
InternetAutomatedValuationDisplayYN Yes
InternetConsumerCommentYN Yes
BuildingAreaTotal 2720
LotSizeUnits Square Feet
ListingContractDate 2026-05-21
Zoning 5700
BusinessType Apartments, Residential-Multi-Family
StateOrProvince FL
IDXParticipationYN Yes
HorseYN No
LeasableAreaUnits Square Feet
SyndicationRemarks Quadplex featuring four 1BR/1BA residences in a highly central Miami location near Flagler, Little Havana and major employment hubs like Brickell & Downtown. Walking distance to New Miami Marlins Baseball Park. This income-producing 4-unit multifamily property offers modern finishes, flexible living options, and excellent rental potential for investors or owner-occupants alike. 3 Units are occupied. 1 Unit is vacant and easy to see! Property has a double lot as it has an entrance thru front and another entrance in the rear. Plenty of parking in the front and back of unit. Each unit features open-concept living areas, tile flooring throughout, abundant natural light, central A/C, yard area, modern kitchens with quality countertops, newer appliances, and custom cabinetry. Separate entrances provide added privacy and functionality. Decent sized parking area accommodates multiple vehicles, work trucks, or commercial-use parking needs. Centrally located minutes from Downtown Miami, Brickell, Little Havana, major highways, shopping, dining, and entertainment. Separate Water Meters and Separate Electric Meters. Excellent opportunity to own a versatile multifamily property in a high-demand rental market. This property should produce $7,000/mo. Property is a great investment vehicle with much upside. Call to see!!
MIAMIRE_FloodZone X
NewConstructionYN No
MIAMIRE_OkToAdvertiseList With Written Broker Approval
LotSizeSquareFeet 4900
MIAMIRE_BuildingNameNumber Little Havana
UnparsedAddress 2140 NW 1st Ter, Miami FL 33125
MIAMIRE_Blogging No
FeedTypes IDX