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    150 NE 59Th St Miami, FL 33137

    Sponsored
    For Sale
    $1,100,000

    Fourplex, Quadruplex - Miami, FL

    Type:Quadruplex
    Property size:
    1,909 SF
    Days on Market:
    9
    Last Refresh:
    Jan 7 at 5:06 pm

    Property Features for 150 NE 59Th St

    General Information

    Property type
    Residential
    Property subtype
    Quadruplex
    Standard status
    Active
    Zoning
    T5-R
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    4
    APN
    01-31-13-065-1640
    Size
    1,909 SF

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating)
    Cooling system
    Zoned

    Building Details

    Year built
    1947
    Flooring type
    Vinyl
    Building materials
    Block
    Roof type
    Shingle
    Architectural style
    Other

    Beachfront Realty, Inc (305) 405-0615 [email protected]

    Listing agent Monica Sciarra (305) 405-0615 License #3382598

    Listing date Dec 30, 2025

    MLS# A11933710 Listing URL

    Copyright © 2026 Miami Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Miami Fourplex with Development Potential

    This property features two buildings comprising four fully legal corner units, each with private outdoor spaces. Each unit includes 1 bedroom and 1 bathroom, generating $82,800 in gross annual income with the potential to increase to approximately $90,000. Tenants pay their own utilities, and the property has separate addresses, four water meters, and four FPL meters, resulting in minimal operating expenses. The property is zoned T5-R, allowing development up to 5 stories and an estimated 17,825 buildable square feet under Miami 21 on a 5,552 square foot lot. Located in the heart of the Innovation District neighborhood, fronting 59th St and adjacent to NE 2nd Avenue, the property offers stability, privacy, and unique positioning. It is less than 0.4 miles from the planned Innovation District Tri-Rail station (Northeast Corridor). The property has impact windows and is located in flood zone X. The location offers strong land appreciation and redevelopment potential with zoning that allows vertical growth. It is across from the Laundromat Art Space gallery and one block away from Magic City. The property offers a net return of 5.5% including new buyer's property taxes. The property is intended for use as a residential income property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cybertruck Miami Wrap Auto Body Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.19308
    Latitude
    25.82948

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    FAQs

    What type of property is this?
    Quadplex - Four units with income and development potential in Miami.
    Where is this quadplex located?
    The property is located at 150 NE 59Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Four fully legal corner units, each with 1 bed/1 bath and private outdoor space, generating $82,800 annual income with potential to reach $90,000.; - Zoned T5-R, allowing development up to 5 stories and 8 units (17,825 buildable SF estimated) under Miami 21 on a 5,552 sq ft lot, offering strong redevelopment potential.; - Located in the Innovation District, adjacent to NE 2nd Avenue and less than 0.4 miles to the planned Tri-Rail station, providing excellent location and future appreciation.
    (305) 405-0615
    Request Owner's contact information
    150 NE 59Th St Miami, FL 33137
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    Miami, FL 33137
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    150 NE 59Th St Miami, FL 33137
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