258ne55thterracemiamifl33137

4 Beds

2 Full baths

1,916SqFt

Active

INCREDIBLE INVESTMENT OPPORTUNITY IN THE HEART OF MIAMI!!! This versatile property is ZONED FOR DUPLEX USE and features a 3-BEDROOM, 1-BATHROOM MAIN LIVING AREA along with an additional 1-BEDROOM, 1-BATHROOM LIVING SPACE, offering tremendous potential for MULTIGENERATIONAL LIVING, RENTAL INCOME, or an owner-occupant renovation. The main 3/1 has been PARTIALLY RENOVATED, featuring a NEW KITCHEN AND BATHROOM, providing a great head start for future improvements! Enter through the COVERED FRONT PORCH into an enclosed entryway featuring wood-look flooring and natural light. Continuing into the SPACIOUS LIVING AREA, an exposed wood-beam ceiling and open footprint offer a BLANK CANVAS for a complete transformation. Further into the home are TWO BEDROOMS, one featuring a spacious layout and ceiling fan, while the other requires COMPLETE RENOVATION, with portions of the walls and ceiling already opened up. Towards the rear of the main living area is the NEWLY RENOVATED KITCHEN, featuring sleek white cabinetry, modern countertops, recessed lighting, and wood-look flooring. Nearby is the BEAUTIFULLY UPDATED FULL BATHROOM, complete with marble-look tile, a glass-enclosed walk-in shower, modern vanity, and updated fixtures. These improvements provide an excellent foundation for completing the rest of the home. Along the LEFT SIDE OF THE PROPERTY, a private walkway leads to the additional 1-BEDROOM, 1-BATHROOM LIVING AREA with its own separate entrance. This portion requires EXTENSIVE RENOVATION, with exposed framing, damaged ceilings, and unfinished interior spaces, offering an opportunity to RECONFIGURE AND RESTORE the existing layout. Continuing past this area is an ADDITIONAL EXTERIOR LAUNDRY ROOM, providing extra utility space. Additional features include a ROOF OF UNKNOWN AGE (Approximately 34 years old), WORKING WINDOW AC UNITS from 6 months to 6 years old, and NO HOA. With DUPLEX ZONING, a FLEXIBLE LAYOUT, and partially completed renovations, this property offers tremendous potential for a FIX-AND-FLIP, LONG-TERM RENTAL, or owner-occupant renovation, subject to applicable approvals. Conveniently located near WYNWOOD, the MIAMI DESIGN DISTRICT, major highways, shopping, dining, and BEAUTIFUL SOUTH FLORIDA BEACHES—this is an incredible opportunity to RENOVATE, REIMAGINE, AND UNLOCK ITS FULL POTENTIAL!

Property Details
Price $474,999
Bedrooms 4
Full Baths 2
Half Baths 0
Lot Size 50 x 95
Lot Size Area 4750
Lot Size Area Units Square Feet
Acres 0.11
Property Type Residential
Sub type SingleFamilyResidence
MLS Sub type Single Family Residence
Features Other
Exterior Features Other
Year Built 1925
Subdivision DIXIE HWY TR
Roof Built-Up, Membrane
Heating Wall Units / Window Unit
Foundation Slab
Laundry Features Other
Garage spaces 0
Geographic Data
Directions Exit Miami International Airport and follow signs for FL-112 East. Merge onto FL-112 East toward I-95. Take the exit onto I-95 North. Take Exit 6A toward NW 62nd Street. Head east on NW 62nd Street. Turn right onto NE 2nd Avenue. Turn left onto NE 55th Terrace. Continue to 258 NE 55th Terrace, Miami, FL 33137.
County Miami-Dade
Latitude 25.826471
Longitude -80.190609
Market Area 99999 - Unknown
Address Information
Address 258 NE 55TH TERRACE, MIAMI, FL 33137
Postal Code 33137
City MIAMI
State FL
Country United States
Listing Information
Listing Office RICHARD PETERS REALTY LLC
Listing Agent Gian Pena
Special listing conditions None
Ownership Fee Simple
Terms Cash
Virtual Tour URL https://www.zillow.com/view-imx/6efd9a7a-6e32-41af-a936-d8a5b925aeff?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
MLS Information
Days on market 0
MLS Status Active
Listing Date Nov 12, 2026
Listing Last Modified Nov 12, 2026
Tax ID 0131130650701
Tax Year 2025
Tax Annual Amount 4240
MLS Area 99999 - Unknown
MLS # TB8567150

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