Multifamily Property with Redevelopment
New
For Sale
$1,750,000
150 NE 59th Street, Miami, FL 33137
Occupied duplex buildings provide current rental operations alongside T5-R development capacity.
Property Size1,909 SF
Lot Size0.13 Acres
Price / SF$916.71
Days on Market4
Property Features for 150 NE 59th Street
General Information
Standard status
Active
Size
1,909 SF
Lot size
0.13 Acres
Property subtype
Residential Income
Zoning
T5-R
Site & Location
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$7,450
Amenities
private backyard
Building Details
Building Size
1,909 SF
Year Built
1947
Buildings
2
Stories
1
Listing Agency:
Beachfront Realty Inc
(305) 491-8217
Listed By:
Monica Sciarra · License #3382598
(305) 491-8217
Source:
Laerrealty
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 5 at 3:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Beachfront Realty Inc
Investment Insights
Based on property information with market context.
This multifamily property includes two duplex buildings with four total units and 1,909 adjusted SF of construction. Each residence contains one bedroom and one bathroom, with a private backyard, separate address, and tenant-paid utilities. Four water meters and four FPL meters serve the property, and impact windows are installed throughout. The buildings were constructed in 1947 and have long-term tenants in place.
Positioned on a corner lot directly across from a school, the property has open exposure and sits less than 1/2 mile from the planned Innovation District Tri-Rail Station on the Northeast Corridor. The lot also adjoins the rear of a full-block church fronting NE 2nd Avenue, creating an uncommon dual-frontage configuration. T5-R zoning allows by-right development up to 5 stories and 8 units, with 17,825 estimated buildable SF under Miami 21. The property is in Flood Zone X and is across from Laundromat Art Space gallery and one block from Magic City.
Positioned on a corner lot directly across from a school, the property has open exposure and sits less than 1/2 mile from the planned Innovation District Tri-Rail Station on the Northeast Corridor. The lot also adjoins the rear of a full-block church fronting NE 2nd Avenue, creating an uncommon dual-frontage configuration. T5-R zoning allows by-right development up to 5 stories and 8 units, with 17,825 estimated buildable SF under Miami 21. The property is in Flood Zone X and is across from Laundromat Art Space gallery and one block from Magic City.
Key Highlights
- Two duplex buildings totaling 4 units and 1,909 adjusted SF
- T5‑R zoning allows by‑right development up to 5 stories and 8 units
- 17,825 estimated buildable SF under Miami 21
Property Analytics
Current Use
Lease Details
4
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,205
Businesses Nearby
Explore this area
Business Placement
Demographics for 33137, FL
25,763
Population
15,237
Households
1.7
Avg Household Size
37
Median Age
51%
College-Educated
90%
High-School Grad
2.0 sq mi
ZIP Area
12,882
Density / Sq Mi
$82,798
Median Household Income
$53,519
Median Earnings
$2,338
Median Rent
$532,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Occupied duplex buildings provide current rental operations alongside T5-R development capacity.
Where is this multifamily property located?
The property is located at 150 NE 59th Street Miami, FL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Two duplex buildings totaling 4 units and 1,909 adjusted SF; T5‑R zoning allows by‑right development up to 5 stories and 8 units; 17,825 estimated buildable SF under Miami 21
