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Dixie Highway, 150 NE 59th St
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OFF MARKET
$1,100,000
1,909
SqFtStatus
OFF MARKETExpired
Size
1,909 SqFt (177 m2)
Price
$576/SqFt ($6,202/m2)
Type
Multifamily
Built
1947
MLS Number
A11933710
On Site
269 Days
Updated
258 Days ago
Page Views
0
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 not disturb tenants ,all showings by appointment only.
Features
Bedrooms
Bathrooms
Exterior and Lot Features
Interior, Heating and Cooling
- Heating Description: HeatPump
- Cooling Description: Zoned
Building and Construction
- Floor Description: Vinyl
- Year Built: 1947
- Year Built Description: Resale
- Style: Fourplex
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2025-12-20T08:04:35.000-00:00
Taxes, Fees & More
- Taxes: 7872
Apples-to-Apples Comparables
Price History
Date
Event
Price
Change
Price Per
12/20/2025
Listed
$1.1M
$576 ft2
$6,202 m2
12/20/2025
$1.1M
Event
Listed
Price Per
$576 ft2
$6,202 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Monica Sciarra • Beachfront Realty Inc • Buyer Agency Compensation .
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Scores
91
100
52
100
81
100
72
100
0
100
36
100
2
100
Community Snapshot
2 – 3 BR
Bedrooms
$300K – $1.8M
Price Tier
526 - 3,723
SqFt Range
1945
Year Build
2
Total Floors
Subdivision Amenities
Maintenance
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