150 NE 59th Street, Miami, FL 33137

$1,695,000
Property Type: Residential Income Square Footage: 1,909 Status: Active
Current Price: $1,695,000 List Date: 8/01/2026 Last Modified: 10/01/2026

Overview

Description

Prominent corner property directly on NE 59th Street.This 5,552 square foot corner lot is zoned T5-R, permitting development up to 5 stories and 8 units, with an estimated 17,825 buildable square feet under Miami 21 zoning guidelines.The parcel offers corner exposure, across from a school and the Laundromat Art Space and sits adjacent to a church occupying the remaining section of the block fronting Northeast 2nd Avenue, providing a strategic corner position within the surrounding urban footprint. Located within a designated Opportunity Zone one block from the Magic City Innovation District and near the planned Tri-Rail Station corridor, it benefits from strong transit-oriented proximity. The property currently generates approximately $7,000 in gross monthly rental income and features four residential units where each unit includes a private backyard, separate address, independent utilities, impact windows, 4 water meters, and 4 FPL meters. The property is positioned in flood zone X, a ...

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

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; Owner Will Carry 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 Water Source: Public Showing Requirements: Appointment Only Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: On Street Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: On Street Unit 3 Other Equipment: Air Conditioning Unit Unit 3 Parking Features: On Street Unit 4 Other Equipment: Air Conditioning Unit 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

Status Change Information

Major Change Timestamp
2026-09-09T22:30:32Z
Major Change Type
Price Reduced
Price Change Timestamp
2026-09-09T22:30:32Z
Status Change Date
2026-08-01

More Information

Income and Expenses

Gross Income
6900

Unit 1 Details

Actual Rent
1800
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished

Unit 1 Lease Description

Lease Term
Month To Month

Unit 2 Details

Actual Rent
1900
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished

Unit 2 Lease Description

Lease Term
Month To Month

Unit 3 Details

Actual Rent
1800
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished

Unit 3 Lease Description

Lease Term
Month To Month

Unit 4 Details

Actual Rent
1400
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished

Unit 4 Lease Description

Lease Term
Month To Month

Price Calculations

Current Price To SqFt
887.89

Section Details

Parcel Number MLX
1640

Originating Details

Originating System Key
540330095
Originating System ID
M00000151
IDX
Listing Office: Beachfront Realty Inc
Source MLS Verified
Last Updated: October - 01 - 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.