$1,300,000

180 NW 59th St, Miami FL 33127

Income/MultiFamily
Built in 1926
6,500 Square Feet lot
173 days on market

About this property

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!

Property Details

Parking

  • Parking features: On Street

Exterior

  • Lot Features: City Location | In Residential Area
  • Waterfront: No

Interior

  • Building Area Total: 2837
  • Cooling Type: Wall/Window Unit(s)
  • Flooring: Tile | Vinyl
  • Heating Type: Wall/Window Units
  • Stories: 1

Location

  • City: Miami
  • County: Miami-Dade County
  • State: FL
  • Road Frontage (Length/Type): City Street
  • Zoning: 4600

Construction

  • New Construction: No
  • Sewer: Public Sanitation
  • Water Source: Public

Public Info

  • Lot Size: 6,500 Square Feet
  • Year Built: 1926
  • APN: 01-31-13-063-0521

Tax Information

  • Annual Tax Amount: $12,727
  • Tax Year: 2024

Price History

1/28/2026 Listed for Sale
Source: Miami REALTORS®
$1,300,000
1/28/2026 Listed for Sale
Source: Miami REALTORS®
$1,300,000
$458/sqft
10/29/2022 Sold
Source: Miami REALTORS®
$855,000
$283/sqft

Walk Score

Walk Score
84
Walk Score®
Very Walkable
Transit Score
52
Transit Score®
Good Transit
Full Walk Score
Bike Score
68
Bike Score®
Bikeable
Kevin McCarthy
Kevin McCarthy
RACVantage Managing Broker | Commercial Real Estate Advisor






    By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from miamiforward.com and about your inquiry and other home-related matters, but not as a condition of any purchase.






      By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from miamiforward.com and about your inquiry and other home-related matters, but not as a condition of any purchase.