Home » Properties » 22 NE 59th St, Miami FL 33137

9d2e126d6fed0ca8461e7bebbed2943c_9d2e126d6fed0ca8461e7bebbed2943c-m1_25e20e13c13b547ec7397f9a2ee256ab-83dcefb7

22 NE 59th St, Miami FL 33137 - Duplex Residential Income

Duplex residential income property in Miami with 3 units, built in 1930, totaling 2669 sqft. Prime location with mixed-use zoning.

$675,000

Interested in this property?

Contact our team to schedule a private tour or request additional information about this property.

Schedule a Tour Contact Agent

$ Mortgage Calculator ● WhatsApp

Florida Local Time --:--

MLS #A11611294

Listing Updated: 2026-07-16 00:40:41

Listed By: Coldwell Banker Realty

Overview

This duplex residential income property at 22 NE 59th St in Miami offers three rental units totaling 2669 sqft. The main house features 3 bedrooms and 2 bathrooms and is currently rented for $2,000 per month. The back building includes two 2-bedroom, 1-bathroom units rented at $1,250 and $1,000 monthly respectively. Built in 1930, this property is located in a T5-R-Urban Center Zone 4600, allowing mixed-use residential, commercial, and multi-family development up to five stories. Its prime location in Miami makes it suitable for buyers seeking a multi-unit income property with potential for future development or mixed-use opportunities.

Property Highlights

Three rental units including a 3/2 main house and two 2/1 units. Mixed-use zoning allows up to five stories. Located in Miami's urban center with steady rental income.

Property Details

City: Miami

State: FL

Zip Code: 33137

Address: 22 NE 59th St, Miami FL 33137

Year Built: 1930

Property Type: Residential Income

Property Sub Type: Duplex

Listing Office Name: Coldwell Banker Realty

County: Miami-Dade County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $7,447

Days On Market: 725 Days

Original Listing Description

Great investment opportunity. Don't miss out on this fantastic investment opportunity in a prime location! T5-R-URBAN CENTER ZONE 4600 - MIXED USE Residential, Commercial, MULTI-FAMILY - up to 5 STORIES 3 units: Main House in front is 3/2 rented at $2000/month Back Building 2 units. Each unit 2/1. Top Unit rented at $1250/month Bottom Unit rented at $1000/month

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

22 NE 59th St, Miami FL 33137

About This Neighborhood

Situated in Miami's 33137 area, this property is part of an urban center zone known for its mixed residential and commercial uses. The neighborhood blends historic charm with ongoing development, attracting a mix of professionals and families. Its proximity to downtown Miami and major transport routes enhances accessibility. Residents benefit from a vibrant community atmosphere with nearby shops, dining, and cultural venues, making it a desirable location for renters and owners alike.

Walkability & Lifestyle

The 33137 area offers good walkability with nearby restaurants, shops, and entertainment venues accessible on foot. Residents can enjoy proximity to waterfront areas and parks, enhancing daily lifestyle convenience. Public transportation options and pedestrian-friendly streets support easy navigation throughout the neighborhood.

Things To Do Nearby

Residents enjoy a variety of activities including dining at local restaurants, visiting cultural attractions, and spending time at nearby parks and waterfront areas. Miami’s vibrant nightlife and recreational facilities provide ample entertainment options. Outdoor enthusiasts can explore boating, golf, and other leisure activities within a short distance.

Nearby Schools

The property's location in Miami provides access to a range of educational institutions, including public and private schools within reasonable commuting distances. Families residing in the area benefit from convenient school options, contributing to the neighborhood’s appeal for renters and owners seeking quality education nearby.

Why Buyers Like This Area

Buyers appreciate this area for its blend of urban convenience and residential charm. The mixed-use zoning offers flexibility for different property uses, while the location provides easy access to Miami’s core amenities. The existing rental income combined with potential for development makes it attractive for those seeking a versatile property in a growing market.

Investment Potential

This Miami duplex offers a solid residential income opportunity with three rental units currently leased. The mixed-use zoning allows for potential future development up to five stories, adding flexibility for owners considering expansion or redevelopment. Located in an urban center, the property benefits from steady tenant demand and a diverse rental market. Buyers interested in multi-family properties will find this duplex appealing due to its combination of immediate income and long-term potential in a growing Miami neighborhood.

Market Trends

Miami's real estate market continues to attract interest due to its dynamic economy and diverse housing options. Multi-family properties like this duplex remain in demand, particularly in urban zones with mixed-use potential. Inventory levels in this area reflect a balanced market, with buyers seeking properties offering both income and redevelopment possibilities. Long-term interest in Miami's urban centers supports steady market activity and buyer engagement.

Rental Income Potential

This property currently generates rental income from three units: a 3-bedroom main house rented at $2,000 per month, and two 2-bedroom units rented at $1,250 and $1,000 monthly. The location's appeal to tenants supports sustained occupancy, making it attractive for buyers looking to maintain steady cash flow. Seasonal demand and Miami’s rental market dynamics contribute to consistent tenant interest in this mixed-use zone.