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1,556 sqft

$779,000

421 NW 59th St, Miami FL, 33127

Price per sqft$500.64
Built in1926
Property size1,556 sqft
Property typeMulti-family

Overview

Active

Listed Dec 15, 2025

Updated Feb 10

TURNKEY INCOME PRODUCER IN MIAMI’S BOOMING MAGIC CITY (33127)! An exceptional opportunity to own a fully remodeled multifamily property in one of Miami’s fastest-appreciating neighborhoods. Offering 1,884 SF of living space on a 5,800 SF lot east of I-95, this property delivers immediate cash flow and long-term upside just minutes from Wynwood, the Design District, Midtown, Brickell & Miami Beach. The property features two separate structures with individual electric meters, ideal for maximizing rental income. The main residence offers 4 bedrooms and 3 bathrooms, perfect for a high-yield rental or owner-occupant. The detached ADU suite includes a full kitchen, impact windows and doors, and is currently leased at $1,600/month, providing instant income. Completely renovated with brand-new roof and central A/C systems (2024), impact door and some windows, new appliances, modern finishes throughout. A new privacy fence creates separation and comfort between units. Live in one unit and rent the other, or lease both for strong cash flow in a high-demand rental corridor. Perfectly positioned in the heart of Miami’s transformation zone, this property combines location, condition, income, and appreciation potential a rare find in today’s market.

$5,183/mo

Est. mortgage payment based on a $779,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

Taxes
$5,241
Tax Frequency
Annually

Broker Reciprocity Courtesy of Element Real Estate Group

 

Data last updated:2/10/2026.

 

The multiple listing information is provided by FL - Miami Association of REALTORS® (RAMB) from a copyrighted compilation of listings. The compilation of listings and each individual are ©2026FL - Miami Association of REALTORS® (RAMB). All Rights Reserved.

 

The information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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