150 NE 59th St, Miami FL 33137 | Miami-Dade County | A11933710
- $1,100,000
- Quadruplex
- 1909 Square Feet
- $1,100,000
Description
Two Duplexes – 4 fully legal corner units (no middle units) all with private outdoor spaces .Each unit features 1bed/ 1bath generating $82,800 year in gross annual income, with potential to increase to approximately 90k. Separate address and tenants pay their own utilities , minimal operating expenses. Property has Impact windows 4 water meter and 4 FPL meters . Zoned T5-R allowing development up to 5 stories and 8 units -17,825 buildable SF estimated under Miami 21 on 5.552 Sq ft corner lot. Located in the heart of the Innovation District neighborhood fronting 59th St and adjacent to NE 2nd Avenue ,offering stability, privacy and unique positioning. Less than 1/2 mile to the planned Innovation District Tri-Rail station (Northeast Corridor). Strong land appreciation and redevelopment potential with zoning that allows vertical growth. Across from Laundromat Art Space gallery and 1 block away from Magic City. Flood zone X. Net return 5.5% including new buyer’s property taxes.
Address
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Address: 59th St
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City: Miami
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State/county: Miami-Dade County
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Zip/Postal Code: 33137
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Area: DIXIE HIGHWAY TRACK
Details
Updated on December 21, 2025 at 3:02 pm-
Property ID A11933710
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Price $1,100,000
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Property Size 1909 Square Feet
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Year Built 1947
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Type Quadruplex
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Property Status Residential Income
Additional details
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ArchitecturalStyle Detached, Ranch
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BuildingAreaTotal 1909
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BuildingAreaUnits Square Feet
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BuildingName DIXIE HIGHWAY TRACK
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ConstructionMaterials CBS Construction
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ContractStatusChangeDate 2025-12-20
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Cooling Zoned
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DaysOnMarket 1
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DocumentsAvailable Deposit - Last Months Rent
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ExpirationDate 2026-07-31
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Flooring Vinyl
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Heating Heat Pump/Reverse Cycle
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InternetAddressDisplayYN 1
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InternetAutomatedValuationDisplayYN 1
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InternetConsumerCommentYN 1
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InternetEntireListingDisplayYN 1
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ListAOR A-Miami Association of REALTORS
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ListAgentDirectPhone 305-491-8217
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ListingTerms All Cash, Owner Will Carry
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LotFeatures Less Than 1/4 Acre Lot
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LotSizeSquareFeet 0
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MLSAreaMajor Dixie Highway Track
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MajorChangeTimestamp December 20, 2025 at 01:04pm
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MajorChangeType New
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MlsStatus Active
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ModificationTimestamp December 21, 2025 at 02:19pm
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NumberOfUnitsInCommunity 4
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OnMarketDate 2025-12-20
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OriginalEntryTimestamp December 20, 2025 at 01:04pm
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OriginalListPrice 1100000
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OriginatingSystemID miamire
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OriginatingSystemKey miamire
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OriginatingSystemName Miami Association of REALTORS®
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OtherExpense 0
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ParcelNumber 01-31-13-065-1640
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ParkingTotal 0
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PhotosChangeTimestamp December 20, 2025 at 05:53pm
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PhotosCount 70
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PostalCodePlus4 2006
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PriceChangeTimestamp December 20, 2025 at 12:53pm
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PublicSurveyRange 31
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PublicSurveySection 13
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PublicSurveyTownship 31
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RentIncludes Gardener, Trash Collection
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Roof Shingle
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Sewer Public Sewer
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ShowingInstructions Appointment Only
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SourceSystemKey 424523879
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StateOrProvince FL
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StatusChangeTimestamp December 20, 2025 at 01:04pm
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Stories 1
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StoriesTotal 1
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StreetDirPrefix NE
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StreetName 59th St
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StreetNumber 150
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StreetNumberNumeric 150
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StructureType Quadruplex, Fourplex
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SyndicationRemarks Two Duplexes - 4 fully legal corner units (no middle units) all with private outdoor spaces .Each unit features 1bed/ 1bath generating $82, 800 year in gross annual income, with potential to increase to approximately 90k. Separate address and tenants pay their own utilities, minimal operating expenses. Property has Impact windows 4 water meter and 4 FPL meters . Zoned T5-R allowing development up to 5 stories and 8 units -17, 825 buildable SF estimated under Miami 21 on 5.552 Sq ft corner lot. Located in the heart of the Innovation District neighborhood fronting 59th St and adjacent to NE 2nd Avenue, offering stability, privacy and unique positioning. Less than 1/2 mile to the planned Innovation District Tri-Rail station (Northeast Corridor). Strong land appreciation and redevelopment potential with zoning that allows vertical growth. Across from Laundromat Art Space gallery and 1 block away from Magic City. Flood zone X. Net return 5.5% including new buyer's property taxes.
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TaxAnnualAmount 7872
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TaxLegalDescription DIXIE HIGHWAY TR PB 5-24 LOT 10 BLK 11 73R-20732 LOT SIZE 59.700 X 93 COC 24192-3349 01 2006 1
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TaxYear 2025
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YearBuiltDetails Resale
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Zoning T5-R
Features
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