Miami Multifamily Investment
1319 NW 60th St, Miami, FL 33142
Two-story, 8-unit apartment building in Miami's Liberty City.
Type:Multifamily
Property size:
5,728 SFLot size:
0.18 AcresPrice / SF:
$261/SF- Added:
- Mar 9, 2026
- Days on Market:
- 112
- Last Refresh:
- Mar 19 at 10:02 pm
Property Features for 1319 NW 60th St
General Information
- Standard status
- Active
- Size
- 5,728 SF
- Lot size
- 0.18 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1958
Listing office Horvath & Tremblay
Listing date Mar 9, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Horvath & Tremblay
HighLights
- Located in Miami's Liberty City, enjoy easy access to major roads, public transportation, Downtown Miami, Miami International Airport, and beaches.
- Features eight residential units: two 1‑Bedroom/1‑Bathroom and six 2‑Bedroom/1‑Bathroom units.
- Each unit has direct entry, a fully equipped kitchen, and tiled floors.
- Tenants pay separately metered electric.
- Includes eight on‑site parking spaces and a laundry facility.
- Reinforced concrete block construction.
Overview
The multi-family property, constructed in 1958, is located at 1319 NW 60th Street in Miami, Florida. The two-story building, built with reinforced concrete block, features eight residential units. These include two 1-bedroom/1-bathroom units and six 2-bedroom/1-bathroom units, totaling 5,728 square feet of living area on a 0.18-acre parcel. The units have direct entry, fully equipped kitchens, and tiled floors. Tenants are responsible for their separately metered electric usage, while the landlord covers hot water, domestic water, and sewer. The property includes a small backyard, eight on-site parking spaces, and a laundry facility. Situated on a residential street in Miami’s Liberty City neighborhood, the property is one block from NW 12th Avenue and 0.7 miles from NW 7th Avenue (US Route 441) and NW 54th Street (SR 944). These nearby avenues offer a variety of retailers, restaurants, bars, and service amenities. The location provides convenient access to public transportation, major roads, and attractions such as Downtown Miami, Miami International Airport, the Miami-Opa Locka Executive Airport, championship golf courses, and Miami Beaches.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $206.2k | $36.00 |
| − Vacancy | −$13.8k | −$2.41 |
| EGI | $192.4k | $33.59 |
| − OpEx | −$86.6k | −$15.11 |
| NOI | $105.8k | $18.47 |
5,728 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.51M
$1.32M – $1.76M
NOI $105,816 @ 7.0% cap · market cap 7.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.87M
$3.38M – $4.51M
NOI $270,651 @ 7.0% cap · market cap 18.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.219161
- Latitude
- 25.830724
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Two-story, 8-unit apartment building in Miami's Liberty City.
Where is this apartment building located?
The property is located at 1319 NW 60th St Miami, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Located in Miami's Liberty City, enjoy easy access to major roads, public transportation, Downtown Miami, Miami International Airport, and beaches.; Features eight residential units: two 1‑Bedroom/1‑Bathroom and six 2‑Bedroom/1‑Bathroom units.; Each unit has direct entry, a fully equipped kitchen, and tiled floors.
