180 NW 59th St, Miami, FL 33127

Local realty services provided by:ERA South Dade Realty
180 NW 59th St,Miami, FL 33127
$1,300,000
Virtual Tour
  • - Beds
  • - Baths
  • 2,837 sq. ft.
  • Multi-family
  • Active
Listed by:kevin bernhardt
Office:the keyes company
MLS#:A11873091
Source:SEFMLS

Price summary

  • Price:$1,300,000
  • Price per sq. ft.:$450.61

About this home

Located in a coveted Opportunity Zone, this 5-UNIT multifamily property boasts over $100,000 in permitted electrical & plumbing upgrades, ensuring reliable infrastructure. Zoned T-5-R, there's great potential for higher-density mixed-use development, allowing up to 5 stories with retail, office, and residential spaces—unlocking significant value appreciation. Durable concrete block construction, there is a mix of 1, 2, and 3-Bedroom units, each with separate electric meters for tenant convenience. Spacious front & back yards, perfect for making desirable common areas for potential new tenants. Not in a flood zone, this investment offers a strong cap rate, making it a rare find in Miami’s competitive market. Bringing rents up to current market will also dramatically improve your returns!

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Home facts

  • Year built:1926
  • Listing ID #:A11873091
  • Updated:September 06, 2025 at 03:53 AM

Rooms and interior

  • Living area:2,837 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fans, Electric, Wall/Window Units
  • Heating:Electric, Wall Furnace

Structure and exterior

  • Roof:Flat, Tar/Gravel
  • Year built:1926
  • Building area:2,837 sq. ft.

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,300,000
  • Price per sq. ft.:$450.61
  • Tax amount:$12,727 (2024)
Information deemed reliable but not guaranteed. Information is provided, in part, by Greater Miami MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.

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