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$1,300,000

  • For Sale
  • Active
  • Commercial Multi-Family
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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!

Full Property Details for 180 NW 59th St

General

  • Price: $1,300,000
  • Taxes: $12,727 (2024)
  • Status: Active
  • Type: Commercial Multi-Family
  • Source: Greater_Miami
  • MLS ID: A11854539
  • Updated: 8/8/2025
  • Added to Site: 162 day(s) ago

Business

  • Business Type: Commercial/Residential Income, Residential-Multi-Fa

Rental Information

  • Lease/Rent Term: Annual Lease, Long Term Lease
  • Lease Info: Gross

Interior

  • Flooring: Tile, Vinyl

Additional Information

  • Security/Safety: Smoke Alarm, Security Fence, Security Gate, Security Lights

Parking

  • Parking Features: On Street

Location

  • County: Miami-Dade County
  • Dist. to Freeway: 1

Community

  • Units Assoc/Comm: 5

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Wall/Window Units

Utilities

  • Electric Available: Yes
  • Sewer: Public Sanitation
  • Water: Public

Structural Information

  • # Buildings: 1
  • Structure Type: Free Standing
  • Detached/Attached: Detached
  • Construction: Concrete Block Construction, CBS Construction, Stucco, Insulated, Sheet Rock
  • Roof: Tar & Gravel Roof
  • Stories/Levels: 1
  • Building Size: 2837
  • Year Built: 1926
  • Other Struct. Feat.: Exterior Lighting, Landscaped, Laundry Facilities

Unit Information

  • Units in Complex: 5

Lot Features

  • Lot Size (Sq. Ft.): 6,500
  • Lot Features: City Location, In Residential Area
  • Zoning: 4600
  • Fencing (Description): Fenced

Financial Considerations

  • Insurance Fee: $2,990
  • Operating Expenses: $21,957
  • Tax Amount: $12,727
  • Tax Year: 2024
  • Terms: All Cash, Conventional/Refinance, Secondary Financing
  • Tenant Pays: A/C & Heating Maintenance, Electricity, Telephone

Disclosures and Reports

  • Ownership: Joint Venture
  • Special Conditions: Sale
  • Documents Avail.: Books & Records, Contracts, Deed, Financial Statement, Investment Analysis, Owner Managed, Photos, Rent Rolls
  • Legal Description: HIGH SCHOOL PARK TR PB 4-44 LOT 2 BLK 4 LOT SIZE 50.000 X 130 OR 20954-4136/21079-4380 06/02 6 COC 24445-0943 04 2006 1
  • Inclusions: Building & Land, Fixtures, Leases, Furniture/Fixtures, Leases
  • Property ID: 01-31-13-063-0521

Listed by The Keyes Company

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Listing agent

— 180 NW 59th St —

  • The Keyes Company

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 180 NW 59th St

School District:Dade County School District
NameGradesDistance
Toussaint L'Ouverture Elementary
120 Northeast 59th Street, Miami, FL 33137
PK-50.3 mi
Jose De Diego Middle School
3100 Northwest 5th Avenue, Miami, FL 33127
6-81.6 mi
Miami Edison Senior High School
6161 Northwest 5th Court, Miami, FL 33127
9-120.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 180 NW 59th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/08/2025
Listed
$1,300,000
61.49%
MLS
10/28/2022
Sold
$805,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 180 NW 59th St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$12,727
7%
$637,955
11%
2023
$11,847
41%
$576,334
15%
2022
$8,419
14%
$499,124
32%
2021
$7,377
—
$377,086
25%
2021
$7,377
23%
$302,268
10%
2019
$6,004
13%
$275,194
10%
2018
$5,335
11%
$250,177
10%
2017
$4,818
21%
$227,434
25%
2016
$3,969
8%
$181,324
10%
2015
$3,688
9%
$164,840
10%
2014
$3,398
35%
$149,855
35%
2013
$2,514
—
$110,996
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by The Keyes Company

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180 NW 59th St, Miami, FL 33127 (MLS# A11854539) is a Commercial Multi-Family property. 180 NW 59th St is currently listed for $1,300,000 and was received on August 08, 2025. Want to learn more about 180 NW 59th St? Do you have questions about finding other Commercial Multi-Family real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.

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