Quadruplex in 150 NE 59th Street, Miami, FL 33137 for sale with MLS# A12063719

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 any future development's light and sight lines. 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. Less than 3 blocks away 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. Buyer to verify all zoning, transit distance and eligibility independently.

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Days on the market

150 NE 59th Street, Miami, FL 33137

Price
Price:
$1,750,000.00
Original List Price:
$1,750,000.00
List Price per Sq Ft (Calculated, Approx.):
$916.71
Property Status and Type
Listing Type:
For Sale
Status:
Active
Listing Category:
Residential Income (Multifamily 2-4)
Property Type:
Fourplex (Quadruplex)
Description of Last Important Update:
New Listing
Last Major Update on:
August 1, 2026 4:00 am
Measures
Living Area:
1,909 Sqft
Built-Up Area:
1,909 Sqft
Lot Features:
Corner Lot
Property Features
Waterfront:
No
Air Conditioning
Air Conditioning System:
Electric
Heating
Heating System:
Electric, Separate Meters
Construction
Year Built:
1947
Roof:
Shingle
Number of Units Total:
4
Levels:
Two
Construction Materials:
CBS
Flooring:
Laminate
Number of stories:
1
Structure Type:
Multi Family
Number of Units in the Community or Building:
4
Flood Zone Code:
X
Property Condition:
Resale
Taxes and Expenses
Tax Annual Amount:
$7,450.00
Tax Year:
2025
Property Tax Details:
Tax Reflects No Exemptions
Utilities
Sewer:
Public Sewer
Utilities Available:
Cable Available
Community
Subdivision Name:
DIXIE HIGHWAY TRACK
Senior Community:
No
Terms
Documents Available:
Deposit - Security
Listing Terms Considered by Seller:
Cash
Buyer Possession:
Subject To Tenant Rights, Close Of Escrow
Zoning and Legal
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
Real Estate Folio Number (Parcel Number):
0131130651640
Zoning:
T5-R
Public Schools Assigned
High School:
Miami Edison
Middle Or Junior School:
Jose De Diego
Listing History
Active on the market since:
August 1, 2026
Listing Agreement executed on:
August 1, 2026
Listing Status Last Changed On:
August 1, 2026 4:00 am
Photos updated on:
August 6, 2026 2:59 pm
Last Modified:
August 6, 2026 2:59 pm
Additional Information
Courtesy of:
Beachfront Realty Inc
Attribution:
Not provided
Location
Street Name:
59th
Street Number:
150
City:
Miami
State:
Florida
Zip Code:
33137
County:
Miami-Dade
Latitude:
N25° 49' 46.1''
Longitude:
W81° 48' 24.9''
Street Suffix:
Street
Street Direction Prefix:
NE
Property Map

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Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $82,798
Median Home Value $532,900
Median Rent $2,338/mo
Median Age 34
Population 27,300

Air Quality

Source: AirNow.gov · Miami

🌬️ Air Quality Index (AQI) 45 Good
☀️ O3 35 Good
🫁 PM2.5 45 Good
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