Florida
Miami
180 NW 59th St

$1,300,000

180 NW 59th St, Miami, FL 33127

2,837 sqft

Multi-Family Home
Built in 1926
6,534sqft lot
—— car garage
$458/sqft
Listed 14 hours ago

Property Description

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!

Listing Status:: Active
Date Added:: August 8, 2025 at 05:00AM
Listing Office:: The Keyes Company : 305-247-7221
Listing Agent:: Kevin Bernhardt : 305-491-6043
MLS ID:: A11854539

Flooring: TileVinyl
A/C: Wall/Window Unit(s)
Heating: Wall/Window Units

This listing courtesy of Kevin Bernhardt, The Keyes Company

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Toussaint L'Ouverture Elementary School

120 NE 59th St, Miami, FL, 33137

Grades PK-5

0.35 miles away

Georgia Jones-Ayers Middle School

1331 NW 46th St, Miami, FL, 33142

Grades 6-8

1.45 miles away

Itech@Thomas a Edison Educational Center

6101 NW 2nd Ave, Miami, FL, 33127

Grades 9-12

0.16 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.