150 NE 59th St, Miami, FL 33137
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150 NE 59th St, Miami, FL 33137
150 NE 59th St, Miami, FL 33137
150 NE 59th St, Miami, FL 33137
150 NE 59th St, Miami, FL 33137
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Alex Mendel

Alex Mendel

+1(561) 827-8449
$ 1,695,000
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Price Dropped by $55K

150 NE 59th St Miami, FL 33137

1,909 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,909 sqft

Price per Sqft $887

Subdivision Dixie Highway Track

MLS Listing ID A12063719

Style Fourplex

HOA Y/N No

Year Built 1947

Annual Tax Amount $7,450

Tax Year 2025

Property Sub-Type Quadruplex

Property 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, an area of minimal flood hazard. All buyers are advised to independently verify zoning specifications and transit timelines.

Location

State FL

County Miami-dade

Community Dixie Highway Track

Area 31

Zoning T5-R

Interior

Heating Electric

Cooling Electric

Flooring Laminate, Porcelain Tile

Exterior

Pool None

Utilities Available Cable Available

Roof Type Shingle

Private Pool No

Building

Lot Description Corner Lot

Story 1

Sewer Public Sewer

Water Public

Architectural Style Fourplex

Level or Stories One

Structure Type CBSConcreteBlockStructure,Block

Others

Tax ID 01-31-13-065-1640

Acceptable Financing Cash, Owner May Carry

Listing Terms Cash, Owner May Carry

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12063719

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Beachfront Realty Inc

NEARBY SCHOOLS & PROPERTIES

Alex Mendel

Alex Mendel

Agent

+1(561) 827-8449

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150 NE 59th St