150 NE 59th Street, Miami, FL 33137

New Listing

$1,750,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A12063719

Property Type: Residential Income Square Footage: 1,909 Status: Active

Current Price: $1,750,000 List Date: 8/01/2026 Last Modified: 8/06/2026

Overview

Description

Corner lot currently with two duplex buildings totaling 1,909 adjusted sf of construction - 4 units total , each 1bed +1bath, with long-term tenants in place, generating steady income until development begins. Each unit has a private backyard, separate address and tenants pay their own utilities . Impact windows throughout - 4 water meters and 4 FPL meters . Zoned T5-R allowing by right development up to 5 stories and 8 units -17,825 buildable SF estimated under Miami 21 on 5.552 Sq ft corner lot. Open corner exposure directly across from a school maximizes light and sight lines for future development. The lot backs up to a church that occupies the entire block fronting NE 2nd Avenue- this is the only property sharing that block with the church ,offering added privacy and unique dual -frontage advantage. Located in a federally designed Opportunity Zone. One block from Magic City Innovation District -the recently revived $3B AI-focused development anchored by Dragon Global and less ... (Read more)

Listing Details MLS# A12063719

General Property Information

Number Of Units Total: 4
Property Sub Type: Quadruplex
Building Area Main: 1909
Living Area Main: 1909
Adjusted Area Main: 1909
Year Built: 1947
Stories Total: Yes
Pool Private YN: No
Parking Total: 0

Property Features

Documents Available: Deposit - Security Flooring: Laminate Property Condition: Resale Structure Type: Multi Family Construction Materials: CBS Cooling: Electric Heating: Electric; Separate Meters Listing Terms: Cash Lot Features: Corner Lot Possession: Close Of Escrow; Subject To Tenant Rights Roof: Shingle Sewer: Public Sewer Tax Information: Tax Reflects No Exemptions Utilities: Cable Available Showing Requirements: Appointment Only Unit 1 Parking Features: On Street Unit 2 Parking Features: On Street Unit 3 Parking Features: On Street Unit 4 Parking Features: On Street

Contract Information

Comp Sale YN: No
Original List Price: 1750000

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 150
Street Direction Prefix: NE
Street Name: 59th
Street Suffix: Street
City Name: Miami
Municipal Code: Yes
State Or Province: FL
Postal Code: 33137
Postal Code +4: 2006
Postal Zip: 33137
Subdivision Name: DIXIE HIGHWAY TRACK
Area: 2310
Middle Or Junior School: Jose De Diego
High School: Miami Edison
Parcel Number: 0131130651640
Subdivision Number: 65
Zoning: T5-R
Flood Zone: X

Financial Information

Tax Annual Amount: 7450
Tax Year: 2025
Tax Legal Description: DIXIE HIGHWAY TR PB 5-24 LOT 10 BLK 11 73R-20732 LOT SIZE 59.700 X 93 COC 24192-3349 01 2006 1
Estimated Monthly Assoc Recurring Fee: 0

Status Change Information

Major Change Timestamp: 2026-08-01T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-08-01

More Information

Income and Expenses

Gross Income: 1920

Unit 1 Details

Actual Rent: 480
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished

Unit 1 Lease Description

Lease Term: Month To Month

Unit 2 Details

Actual Rent: 480
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished

Unit 2 Lease Description

Lease Term: Month To Month

Unit 3 Details

Actual Rent: 480
Baths Full: Yes
Efficiency YN: No

Unit 3 Lease Description

Lease Term: Month To Month

Unit 4 Details

Actual Rent: 480
Baths Full: Yes
Efficiency YN: No

Unit 4 Lease Description

Lease Term: Month To Month

Price Calculations

Current Price To SqFt: 916.71

Section Details

Parcel Number MLX: 1640

Originating Details

Originating System Key: 540330095
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Flooring

Laminate: Yes

Property Condition

Resale: Yes

Documents Available

Deposit - Security: Yes

Structure Type

Multi Family: Yes

Possession

Close Of Escrow: Yes
Subject To Tenant Rights: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes

Heating

Electric: Yes
Separate Meters: Yes

Construction Materials

CBS: Yes

Listing Terms

Cash: Yes

Lot Features

Corner Lot: Yes

Roof

Shingle: Yes

Cooling

Electric: Yes

Showing Requirements

Appointment Only: Yes

Tax Information

Tax Reflects No Exemptions: Yes

Unit 1 Parking Features

On Street: Yes

Unit 2 Parking Features

On Street: Yes

Unit 3 Parking Features

On Street: Yes

Unit 4 Parking Features

On Street: Yes

Listing Office: Beachfront Realty Inc

Last Updated: August - 06 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

150 NE 59th Street, Miami, FL 33137 (MLS# A12063719)