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
...
(Read more)
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, an area of minimal flood hazard. All buyers are advised to independently verify zoning specifications and transit timelines.
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
Listing Office:
Beachfront Realty Inc

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.



