180 NW 59th St Miami, FL 33127
MULTI_FAMILY - Other - Miami, FL
Property Features for 180 NW 59th St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Rooms
- Bathroom 4, Bedroom 5, Bedroom 4, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 6
- Patio and Porch features
- Porch, Patio
- Exterior features
- Fence, Lighting, Porch, Patio
- Fencing
- Fenced
- Standard status
- Active
- APN
- 01-31-13-063-0521
- Size
- 2,837 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax 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
- Tax Annual Amount
- 12727
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace, Electric (Heating)
- Cooling system
- Electric, Wall/Window Unit(s), Ceiling Fan(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1926
- Floors in Building
- 1
- Flooring type
- Tile, Vinyl
- Building materials
- Block, Stucco
- Roof type
- Tar/Gravel, Flat
- Architectural style
- Other
Listing agent Kevin Bernhardt License #3516937 (305) 491-6043
Listing office The Keyes Company 809 N Flagler Ave, Miami, FL (305) 247-7221
Listing date Jan 28, 2026
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is located at 180 NW 59th St, Miami, FL 33127 and is stated to be situated in an Opportunity Zone. The property is zoned T-5-R, with redevelopment described as allowing up to five stories with retail, office, and residential uses. The listing also states the property is not in a flood zone.
For tenants and buyers, this configuration offers a straightforward income-producing multifamily setup with unit-level electric metering and outdoor space for everyday use. For redevelopment-minded operators, the described T-5-R framework and the property’s Opportunity Zone status may support exploring higher-density mixed-use options, subject to applicable approvals and permitting.
Key Highlights
- 5‑unit multifamily property built in 1926 with durable concrete block and stucco exterior
- Mix of 1-, 2-, and 3‑bedroom units, with separate electric meters for each tenant
- Over $100,000 in permitted electrical & plumbing upgrades reported
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 | $102.1k | $36.00 |
| − Vacancy | −$6.8k | −$2.41 |
| EGI | $95.3k | $33.59 |
| − OpEx | −$42.9k | −$15.11 |
| NOI | $52.4k | $18.47 |
