Duplex in 1063 NW 55th Terrace, Miami, FL 33127 for sale with MLS# B26041523

INVESTOR SPECIAL IN 33127! Exceptional value-add opportunity in one of Miami's fastest-appreciating neighborhoods, just minutes from Wynwood, the Design District, Midtown, and Downtown. Situated on an oversized 6,300 SF lot, this property features a main residence plus a detached structure legally permitted as storage, offering outstanding potential for renovation, redevelopment, or future improvements (subject to City of Miami approvals). Ideal for fix-and-flip investors, rental portfolio expansion, or 1031 Exchange buyers seeking long-term appreciation in a high-demand location. Buyer to conduct their own due diligence regarding zoning, permitted uses, ADU potential, and future conversion possibilities. Rare opportunity with exceptional upside-don't miss it! Easy to show.

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1063 NW 55th Terrace, Miami, FL 33127

Price
Price:
$499,500.00
Original List Price:
$496,500.00
List Price per Sq Ft (Calculated, Approx.):
$861.97
Property Status and Type
Listing Type:
For Sale
Status:
Active
Special Sale Conditions:
Standard
Listing Category:
Residential Income (Multifamily 2-4)
Property Type:
Duplex
Description of Last Important Update:
Price Change
Last Major Update on:
August 5, 2026 2:19 pm
Measures
Living Area:
576 Sqft
Built-Up Area:
576 Sqft
Building Area Source:
Other
Living Area Source:
Other
Lot Size Acres:
0.14
Property Features
Waterfront:
No
Exterior:
Other
Air Conditioning
Air Conditioning System:
Central Air
Heating
Heating System:
Electric
Construction
Year Built:
1930
Roof:
Shingle
Number of Units Total:
2
Levels:
Two
Construction Materials:
Other, Stucco
Flooring:
Wood
Number of stories:
1
Number of Units in the Community or Building:
2
Flood Zone Code:
X
Property Condition:
Updated/remodeled
Taxes and Expenses
Tax Annual Amount:
$2,698.72
Tax Year:
2025
Tax Assessed Value:
$53,345.00
Property Tax Details:
Tax Reflects No Exemptions
Utilities
Sewer:
Public Sewer
Utilities Available:
Sewer Available, Water Available, Electricity Connected
Water Source:
Public
Community
Pets Allowed?:
Yes, No Restrictions
Subdivision Name:
BOWLING GREEN EXTENSION
Senior Community:
No
Restrictions:
No Exterior Alterations
Leasing Permitted
Leasing Permitted Details:
Okay To Lease
Terms
Documents Available:
Other Available Information
Listing Terms Considered by Seller:
Cash, Conventional, FHA
Buyer Possession:
Negotiable
Zoning and Legal
Tax Legal Description:
14 53 41 BOWLING GREEN EXTN PB 10-62 LOT 6 & STRIP OF LAND 26 X 50 FT ADJ ON NORTH BLK 3 LOT SIZE 50.000 X 126 OR 17094-0558 0290 1
Real Estate Folio Number (Parcel Number):
0131140320370
Zoning:
0104
Public Schools Assigned
Elementary School:
Orchard Villa
High School:
Miami Northwestern
Middle Or Junior School:
Brownsville
Listing History
Active on the market since:
June 16, 2026
Listing Agreement executed on:
June 15, 2026
Price change occurred on:
August 5, 2026 2:19 pm
Listing Status Last Changed On:
June 16, 2026 3:24 am
Photos updated on:
August 5, 2026 2:08 pm
Last Modified:
August 5, 2026 2:19 pm
Additional Information
Courtesy of:
Real Estate Empire Group, Inc.
Attribution:
Not provided
Location
Street Name:
55th
Street Number:
1063
City:
Miami
State:
Florida
Zip Code:
33127
County:
Miami-Dade
Latitude:
N25° 49' 35.4''
Longitude:
W81° 47' 11.8''
Street Suffix:
Terrace
Street Direction Prefix:
NW
Property Map

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Neighborhood Stats

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

Median Household Income $41,125
Median Home Value $398,800
Median Rent $1,394/mo
Median Age 36
Population 27,585

Air Quality

Source: AirNow.gov · Miami

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