Duplex in 355 NE 55th Terrace, Miami, FL 33137 with MLS# R11129745

Located in the heart of Miami, the property presents a rare fixer-upper duplex opportunity just minutes from the Design District, Wynwood, Midtown, and Downtown. It is located in a rental assistance program approved area, near Publix, Trader Joe's, Key Food, and more. It features two units with immense potential - perfect for investors and developers. The roof was replaced in 2018, offering a solid starting point for renovations. This is the ideal value-add project in one of Miami's most rapidly transforming neighborhoods.

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355 NE 55th Terrace, Miami, FL 33137

Price
Price:
$575,000.00
Original List Price:
$550,000.00
List Price per Sq Ft (Calculated, Approx.):
$383.33
Close Price:
$525,000.00
Transaction closed on:
May 18, 2026
Lease Details
Tenant Pays:
Electricity, Cable Tv
Property Status and Type
Listing Type:
Sold
Status:
Closed
Listing Category:
Residential Income (Multifamily 2-4)
Property Type:
Duplex
Description of Last Important Update:
Status Change
Last Major Update on:
May 20, 2026 12:45 pm
Other Special Conditions:
Sold As-is
Rooms Distribution
Bathrooms Total:
3
Measures
Living Area:
1,500 Sqft
Built-Up Area:
1,632 Sqft
Lot Size Dimensions and Info:
50.0 ft x 95.0 ft
Building Area Source:
Public Records
Lot Size Acres:
0.11
Property Features
Waterfront:
No
Patio and Porch:
Patio, Patio - Open
Air Conditioning
Air Conditioning System:
Wall/window Unit(s)
Heating
Heating System:
Other
Fence:
Fenced
Construction
Year Built:
1959
Roof:
Barrel
Number of Units Total:
2
Levels:
Two
Construction Materials:
CBS
Flooring:
Other
Structure Type:
Duplex
Number of Units in the Community or Building:
2
Stories:
1
Property Condition:
Resale
Taxes and Expenses
Tax Annual Amount:
$4,760.5
Tax Year:
2025
Property Tax Details:
City/County
Utilities
Sewer:
Public Sewer
Utilities Available:
Sewer Available, Water Available
Water Source:
Public
Community
Subdivision Name:
DIXIE HIGHWAY TRACK
Senior Community:
No
Restrictions:
No Restrictions
Terms
Listing Terms Considered by Seller:
Cash, Conventional, FHA
Buyer Possession:
Close Of Escrow
Zoning and Legal
Tax Legal Description:
18 53 42 DIXIE HIGHWAY TR PB 5-24 LOT 17 BLK 4 LOT SIZE 50.000 X 95 OR 10713-344 0480 4
Real Estate Folio Number (Parcel Number):
0131130650580
Zoning:
5700
Public Schools Assigned
High School:
Miami Edison
Middle Or Junior School:
Jose De Diego
Listing History
Active on the market since:
January 24, 2026
Listing Agreement executed on:
October 5, 2025
Purchase Contract Date:
March 13, 2026
Price change occurred on:
January 24, 2026 12:06 am
Listing Status Last Changed On:
May 20, 2026 12:45 pm
Photos updated on:
January 26, 2026 7:41 pm
Last Modified:
August 17, 2026 5:06 am
Additional Information
Courtesy of:
The Morrone Real Estate Group PA
Attribution:
Not provided
Location
Street Name:
55th
Street Number:
355
City:
Miami
State:
Florida
Zip Code:
33137
County:
Miami-Dade
Latitude:
N25° 49' 36.8''
Longitude:
W81° 48' 40.4''
Street Suffix:
Terrace
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) 35 Good
☀️ O3 35 Good
🫁 PM2.5 35 Good
Ver la Propiedad Ver la propiedad 355 NE 55th Terrace, Miami, FL 33137
This listing can also be located in the MLS system as RX-11129745
Association of REALTORS®
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