Main Content

355 NE 55th Terrace, Miami, FL 33137 (MLS# R11129745)

355 NE 55th Terrace, Miami, FL 33137

$525,000
Property Type: Residential Income Square Footage: 1,632 Status: Closed
Current Price: $525,000 List Date: 1/24/2026 Last Modified: 5/20/2026

Overview

Description

Located in the heart of Miami, the property presents a rare fixer-upper duplex opportunity just minutes from the Design District, Wynwood, Midtown, and Downtown. It is located in a rental assistance program approved area, near Publix, Trader Joe's, Key Food, and more. It features two units with immense potential - perfect for investors and developers. The roof was replaced in 2018, offering a solid starting point for renovations. This is the ideal value-add project in one of Miami's most rapidly transforming neighborhoods.

Listing Details MLS# R11129745

General Property Information

Number Of Units Total
2
Property Sub Type
Duplex
Building Area Main
1632
Building Area Source
Public Records
Living Area Main
1500
Year Built
1959
Gated Community YN
No
Lot Size Area
4750
Lot Size Acres
0.11
Lot Size Dimensions
50.0 ft x 95.0 ft
Senior Community YN
No
Outdoor Living Spaces YN
Yes
Stories
Yes
Pool Private YN
No

Property Features

Association Amenities: None Documents Available: None Fencing: Fenced Flooring: Other Property Condition: Resale Structure Type: Duplex Tenant Pays: Cable TV; Electricity Source Of Expenses: Other Construction Materials: CBS Cooling: Wall/Window Unit(s) Heating: Other Listing Terms: Cash; Conventional; FHA Possession: Close Of Escrow Restrictions: No Restrictions Roof: Barrel Sewer: Public Sewer Special Information: Sold As-Is Storm Protection Details: None Tax Information: City/County Utilities: Sewer Available; Water Available Water Access: None Water Source: Public Showing Requirements: Call Listing Agent; Schedule Online; Supra; Text Listing Agent; Vacant; See Remarks Outdoor Living Spaces: Patio Patio Details: Patio - Open Unit 1 Appliances: Dryer; Microwave; Refrigerator Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: Parking Space Unit 1 Rooms: Kitchen; Laundry Room Unit 2 Appliances: Dryer; Microwave; Range; Refrigerator Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: Parking Space Unit 2 Rooms: Kitchen; Laundry Room Contingencies: Appraisal; Inspection Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
550000

Location and Legal

Country
United States
County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
Street Number
355
Street Direction Prefix
NE
Street Name
55th
Street Suffix
Terrace
City Name
Miami
State Or Province
FL
Postal Code
33137
Postal Zip
33137
Subdivision Name
DIXIE HIGHWAY TRACK
Area
2320
Geographic Area
DADE
Middle Or Junior School
Jose De Diego
High School
Miami Edison
Special Assessment YN
No
Parcel Number
0131130650580
Zoning
5700
Directions
I-95 S,Take exit 6A for NW 62nd St toward Dr Martin Luther King Jr Blvd

Financial Information

Tax Annual Amount
4760.5
Tax Year
2025
Tax Legal Description
18 53 42 DIXIE HIGHWAY TR PB 5-24 LOT 17 BLK 4 LOT SIZE 50.000 X 95 OR 10713-344 0480 4

Status Change Information

Major Change Timestamp
2026-05-20T12:45:53Z
Major Change Type
Status Change
Price Change Timestamp
2026-01-24T00:06:11Z
Status Change Date
2026-05-20
Under Contract Date
2026-03-13
Close Date
2026-05-18
Close Price
525000
Buyer Financing
Conventional

More Information

Meter Information

Separate Electric Meters YN
No
Separate Water Meters YN
Yes

Short Sale Details

Short Sale Addendum
No

Income and Expenses

Annual Total Expense
5000
Gross Income
36000
Net Operating Income
36000

Showing Details

Pet(s) on Premises
No

Unit 1 Details

Actual Rent
1500
Baths Full
Yes
Baths Half
Yes
Furnished
Unfurnished
SqFt
750

Unit 2 Details

Actual Rent
1500
Baths Full
Yes
Furnished
Unfurnished
SqFt
750

Price Calculations

Current Price To SqFt
383.33

Originating Details

Originating System Key
20251002230131668392000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Association Amenities

None
Yes

Flooring

Other
Yes

Property Condition

Resale
Yes

Special Information

Sold As-Is
Yes

Documents Available

None
Yes

Fencing

Fenced
Yes

Structure Type

Duplex
Yes

Tenant Pays

Cable TV
Yes
Electricity
Yes

Possession

Close Of Escrow
Yes

Sewer

Public Sewer
Yes

Utilities

Sewer Available
Yes
Water Available
Yes

Heating

Other
Yes

Water Access

None
Yes

Construction Materials

CBS
Yes

Listing Terms

Cash
Yes
Conventional
Yes
FHA
Yes

Roof

Barrel
Yes

Water Source

Public
Yes

Source Of Expenses

Other
Yes

Cooling

Wall/Window Unit(s)
Yes

Showing Requirements

Call Listing Agent
Yes
Schedule Online
Yes
Supra
Yes
Text Listing Agent
Yes
Vacant
Yes
See Remarks
Yes

Restrictions

No Restrictions
Yes

Storm Protection Details

None
Yes

Tax Information

City/County
Yes

Outdoor Living Spaces

Patio
Yes

Patio Details

Patio - Open
Yes

Contingencies

Appraisal
Yes
Inspection
Yes

Unit 1 Appliances

Dryer
Yes
Microwave
Yes
Refrigerator
Yes

Unit 1 Other Equipment

Air Conditioning Unit
Yes

Unit 1 Parking Features

Parking Space
Yes

Unit 1 Patio/Porch

Patio/Porch
Yes

Unit 1 Rooms

Kitchen
Yes
Laundry Room
Yes

Unit 2 Appliances

Dryer
Yes
Microwave
Yes
Range
Yes
Refrigerator
Yes

Unit 2 Other Equipment

Air Conditioning Unit
Yes

Unit 2 Parking Features

Parking Space
Yes

Unit 2 Patio/Porch

Patio/Porch
Yes

Unit 2 Rooms

Kitchen
Yes
Laundry Room
Yes

Acreage Description

Less Than 1/4 Acre Lot
Yes
Listing Office: The Morrone Real Estate Group PA
IDX
Last Updated: May - 20 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

Skip to content