Commercial Sale · Income/MultiFamily
180 NW 59th St, Miami FL 33127, MIAMI, FL, 33127
Active371 days on marketListed Aug 8, 2025MLS #A11854539
About this property
The property at a glance
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!
2,837
Building sq ft
$458
Price / sq ft
6,500
Lot sq ft
1926
Year built
1
Building
4600
Zoning
Income/MultiFamily
Property type
The numbers
Investment snapshot
5.3%
Cap rate
$68,643
Net operating income
$90,600
Gross income (yr)
Gross
Lease structure
Annual Lease,Long Term Lease
Lease term
Estimated payment (illustrative)
Estimated payment
$7,066/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Anthony to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
29,864
Population
$49,597
Median income
38
Median age
3
Avg household
$568,827
Median home value
$1,296/mo
Median rent
3,355
Households w/ kids
Consumer profile
The party don't stop until the sun comes up. Loud music, crowds, and shots are a recipe for a great night out for these people.
Driven to succeed in the business world, this population seeks to progress in their career through networking happy hours, summits, and connecting with other professionals online.
Galleries, city murals, and skillful latte art gets this population excited. They're always on the lookout for creative expression.
Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.
Seeking peace and well-being through meditation, gratitude and spirituality.
You can find these people researching an upcoming exhibit at the natural history museum or learning about a famous monument. This population enjoys learning about the past.
Recent sales
What actually sold near 180 NW 59th St
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$1,050,000
1751 NW 29th St, Miami FL 33142
Sold Aug 19, 2024
$895,000
7525 NE Miami Ct, Miami FL 33138
Sold Sep 5, 2024
$852,000
60 NW 77th St, Miami FL 33150
Sold Oct 15, 2024
Your team
The pros in your corner
Your agent
Anthony Richardson
REALTOR® · CENTURY 21 Edge
Tours, offers, and every question about 180 NW 59th St — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 180 NW 59th St.
See it in person
Schedule a tour
Live availability from Anthony's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of The Keyes Company · Kevin Bernhardt. MLS #A11854539.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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