180 NW 59th St Miami, FL 33127

Building Details

Year Built

1926

Listing office Keyes Company Realtors k***@theanchorway.com Show Phone

Listing date Mar 10, 2026

Source Elliman

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Investment Insights

Based on property information with market context.

This 5-unit multifamily property is located in an Opportunity Zone. The property has undergone over $100,000 in permitted electrical and plumbing upgrades. It is zoned T-5-R, allowing for higher-density mixed-use development of up to 5 stories, including retail, office, and residential spaces. The building is of concrete block construction and includes a mix of 1, 2, and 3-bedroom units, each with separate electric meters. The property features front and back yards suitable for creating common areas. It is not located in a flood zone. The property's location in Miami's competitive market and the potential to increase rents to current market rates may improve returns.

Key Highlights

• Strong cap rate in Miami's competitive market.
• Opportunity Zone location with T‑5‑R zoning allowing for higher‑density mixed‑use development up to 5 stories.
• Over $100,000 in permitted electrical & plumbing upgrades.

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FAQs

What type of property is this?

Apartment building - Five-unit multifamily property with development potential in Miami.

Where is this apartment building located?

The property is located at 180 NW 59th St Miami, FL.

What is the asking price?

The asking price for this property is $1,300,000.

What are key features of this property?

This property features: Strong cap rate in Miami's competitive market.; Opportunity Zone location with T‑5‑R zoning allowing for higher‑density mixed‑use development up to 5 stories.; Over $100,000 in permitted electrical & plumbing upgrades.