150 NE 59th St, Miami, FL 33137

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150 NE 59th St,Miami, FL 33137
$1,100,000
Virtual Tour
  • - Beds
  • - Baths
  • 1,909 sq. ft.
  • Multi-family
  • Active
Listed by: monica sciarra
Office: beachfront realty inc
MLS#:A11933710
Source:SEFMLS

Price summary

  • Price:$1,100,000
  • Price per sq. ft.:$576.22

About this home

Two buildings - 4 fully legal corner units (no middle units) all with private outdoor spaces .Each unit features 1bed/ 1bath generating $82,800 year in gross annual income, with potential to increase to approximately 90k. Separate address and tenants pay their own utilities , minimal operating expenses. Property has Impact windows 4 water meter and 4 FPL meters . Zoned T5-R allowing development up to 5 stories and 8 units -17,825 buildable SF estimated under Miami 21 on 5.552 Sq ft lot. Located in the heart of the Innovation District neighborhood fronting 59th St and adjacent to NE 2nd Avenue ,offering stability, privacy and unique positioning. Less than 0.4 miles 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. Net return 5.5% including new buyer's property taxes. Please do

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Home facts

  • Year built:1947
  • Listing ID #:A11933710
  • Updated:January 07, 2026 at 10:59 AM

Rooms and interior

  • Living area:1,909 sq. ft.

Heating and cooling

  • Cooling:Zoned
  • Heating:Heat Pump

Structure and exterior

  • Roof:Shingle
  • Year built:1947
  • Building area:1,909 sq. ft.

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,100,000
  • Price per sq. ft.:$576.22
  • Tax amount:$7,872 (2025)
Information deemed reliable but not guaranteed. Information is provided, in part, by Greater Miami MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.

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