1261 NW 59th St

Miami, FL 33142

$3,650,000
Price
—
Beds
—
Baths
10,485 Sq. Ft.
$348 / Sq. Ft.
10,485
Sq. Ft.
$348
per Sq. Ft.
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Description

City Apartments is an 18-unit multifamily property located at 1261 NW 59th Street, Miami, Florida 33142. Built in 1957, the property totals 10,485 square feet and sits on a 0.24 acre lot. The unit mix consists of twelve one-bedroom/one-bathroom units averaging 500 square feet and six two bedroom / one-bathroom units averaging 590 square feet. The property features wall-unit air conditioning, and separate electric meters for all units, reducing ownership expenses and simplifying operations. Strategically...City Apartments is an 18-unit multifamily property located at 1261 NW 59th Street, Miami, Florida 33142. Built in 1957, the property totals 10,485 square feet and sits on a 0.24 acre lot. The unit mix consists of twelve one-bedroom/one-bathroom units averaging 500 square feet and six two bedroom / one-bathroom units averaging 590 square feet. The property features wall-unit air conditioning, and separate electric meters for all units, reducing ownership expenses and simplifying operations. Strategically located in the heart of Miami’s Liberty City neighborhood, City Apartments benefits from extensive ongoing redevelopment and reinvestment in the surrounding area. The property is positioned near the Liberty Square redevelopment, a $300+ million public-private partnership transforming the historic neighborhood with over 1,400 new mixed-income housing units, retail, and community spaces. It is also minutes from the Miami Innovation District, Wynwood, Allapattah, and the Miami Health District, all major employment and growth drivers contributing to strong rental demand and steady population inflow. With modernized building systems, and proximity to several large-scale development projects reshaping Miami’s urban core, City Apartments represents an outstanding opportunity to acquire a stabilized, cash-flowing asset with long-term appreciation potential in one of the city’s most active redevelopment corridors.
  1. Listed by Camilo De la Cruz Perez • Brokerage DRE #1060560 • Home Sold Realty LLC
    P: (833)-700-2782 C: (833)-700-2782 homesoldrealty@gmail.com

Property Details for 1261 Northwest 59th Street

Furnished
No
Style
No Pool/No Water
Year Built Numeric
1957
LISTING UPDATED: 04/09/2026 02:58 AM

Property Details for 1261 Northwest 59th Street

StatusActive
MLS #F10556385
Days on Market35
Taxes$35,705 / year
HOA Fees-
Condo/Co-op Fees$7,200 / month
Property TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1957
Lot Size0.24 AC / 10,454 SF
CountyMiami-Dade County
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Location

Listing Courtesy of Home Sold Realty LLC
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Building Information for 1261 Northwest 59th Street

Stories3Residences-Year Built1957Building Size-Lot Size0.24 AC / 10,454 SF

Payment Calculator

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$28,555 per month

30 year fixed, 6.46% Interest

Principal and Interest

$18,380

Property Taxes

$2,975

HOA Dues

$7,200

The Payment Calculator is for illustrative purposes only.

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Property Information for 1261 Northwest 59th Street

Summary
Location and General Information
  • Area: 2310, 31
  • City and Location Text: Miami
  • County Land Code: Miami-Dade County
  • County Or Parish: Miami-Dade County
  • Geo Lat: 25.829977
  • Location: City Location
  • Miles to Expressway: 1
  • MLS Area: 2310, 31
  • Postal Code: 33142
  • State: FL
  • Street Direction Prefix: NW
  • Street #: 1261
  • Subdivision Number Numeric: 43.0
  • Zoning: 3901
Taxes and HOA Information
  • Association Fee: $0
  • Legal Desc: 14 53 41 ORCHARD VILLA EXT PB 17-55 LOTS 24 AND 25 BLK 6 LOT SIZE 100.000 X 106 OR 12425-1653 0185 4
  • Municipal Code: 1
  • Parcel ID: 01-31-14-043-1130
  • Parcel Number MLX: 1130
  • Tax Year: 2025
  • Total Assessed Value: $1,900,000.00
Parking
  • Parking: Common
Property
Lot Information
  • Acres: 0.24
  • Approx Sqft Total Area: 10485
  • Leasable SqFt: $10,485.00
  • Maximum Leasable Sqft: 10485
  • Num Buildings: 1
  • Property Condition: Resale
  • Sq Ft: 10485
  • Sq Ft Total: 10,485
  • Total Floors in Bldg: 3.00
  • Property Type: Commercial Sale, Multi Family
Property and Assessments
  • Construction Type: Multi Family, Concrete, Resale, Block, CBS
  • Document Count: 1
  • Improvement Height COM: 3-5 Stories
  • Legal Description: 14 53 41 ORCHARD VILLA EXT PB 17-55 LOTS 24 AND 25 BLK 6 LOT SIZE 100.000 X 106 OR 12425-1653 0185 4
  • Type: Multi Family
  • Year Built Description: 1957
Utilities
  • Electric Service: Separate Meters
  • Num Meters: 36
  • Sewer Description: Public Sewer
Interior and Exterior Features
Exterior Features
  • Balcony Porch/Patio: No
  • Construction: Block, CBS
  • Guest Accommodations: No
  • Roof: Concrete
  • Roof Description: Concrete
  • Security Information: Fire Alarm
  • Fencing: Fenced
Interior Features
  • Baths Total: 0
  • Building Includes: Land
  • Ceiling Description: Plastered
  • Column Description: Block, CBS
  • Flooring: Vinyl
  • Num Stories: 3
  • Num Tenants: 18
  • Numof Units: 18
  • Stories: 3.0
Multi Family
Multi Family Information
  • Unit Count: 18
Income & Expenses
  • Common Area Maint Includes: Interior Electric
  • Income & Expenses: Annual Net Oper Inc: $154,418.00
  • Income & Expenses: Gross Operating Inc: $408,618.00
  • Exp Incl Pool Service: No
  • Gross Operating Income: $154,418
  • Gross Rent Income: $408,618
  • Monthly Income: $408,618
  • Utility Expense: $5,460
Unit Information
Unit 1
  • Baths Half: 1
  • Furnished: No
Unit 2
  • Baths Half: 1
  • Furnished: No
Unit 3
  • Baths Half: 1
  • Furnished: No
Rental
Rental Information
  • DXORIGMLNO: FLL
  • Possession Information: Close Of Escrow
  • Vacancy Rate: 4

Property History for 1261 Northwest 59th Street

DateEvent & SourcePriceAppreciation
Mar 5, 2026

Listed (Active)

Beaches MLS #F10556385

$3,650,000—
Jun 30, 2022

Cancelled

MiamiRE #A11150439

—
Jun 30, 2022

Listed (Active)

MiamiRE #A11150439

—
Jun 30, 2022

Cancelled

MiamiRE #A11150439

—
Jun 30, 2022

Cancelled

MiamiRE #A11150255

—
Apr 30, 2022

Temp Off Market

MiamiRE #A11150439

—
Apr 30, 2022

Listed (Active)

MiamiRE #A11150439

—
Feb 23, 2022

Temp Off Market

MiamiRE #A11150439

—
Jan 22, 2022

Listed (Active)

MiamiRE #A11150439

$2,600,000—
Jan 21, 2022

Listed (Active)

MiamiRE #A11150255

$2,600,000—
Dec 15, 2021

Sold (Public Record)

Public Record #1482121507

$1,750,000

+5.2% / yr

Oct 16, 2020

Sold (Public Record)

Public Record #682558876

$1,650,000—
Oct 15, 2020

Sold (Public Record)

Public Record #682626909

$1,420,000—
DateEvent & SourcePrice
03/05/2026

Listed (Active)

Beaches MLS #F10556385

$3,650,000
06/30/2022

Cancelled

MiamiRE #A11150439

—
06/30/2022

Listed (Active)

MiamiRE #A11150439

—
06/30/2022

Cancelled

MiamiRE #A11150439

—
06/30/2022

Cancelled

MiamiRE #A11150255

—
04/30/2022

Temp Off Market

MiamiRE #A11150439

—
04/30/2022

Listed (Active)

MiamiRE #A11150439

—
02/23/2022

Temp Off Market

MiamiRE #A11150439

—
01/22/2022

Listed (Active)

MiamiRE #A11150439

$2,600,000
01/21/2022

Listed (Active)

MiamiRE #A11150255

$2,600,000
12/15/2021

Sold (Public Record)

Public Record #1482121507

$1,750,000

+5.2% / yr

10/16/2020

Sold (Public Record)

Public Record #682558876

$1,650,000
10/15/2020

Sold (Public Record)

Public Record #682626909

$1,420,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1261 Northwest 59th Street

Taxable ValueLand$371,000Additions$1,529,000Total$1,900,000
Tax Record2025$36,066 ($3,006 / month)
Home Facts
Total Finished SqFt10,485 SqFtAbove Grade Finished SqFt10,485 SqFtStories3Lot Size10,600 SqFtStyleMulti-Family Dwelling (2-4)Year Built1957Zoning3901:KING HTSCountyMIAMI-DADEAPN01-3114-043-1130

Schools near 1261 Northwest 59th Street

This home is within Miami-Dade County Public Schools.
Rating
School
Type
Grades
Distance
Orchard Villa Elementary School
Public - PK to 5
Air Base K-8 Center for International Education
Public - PK to 8
Brownsville Middle School
Public - 6 to 8
Robert Morgan Voc-Tech Institute
Public - 9 to 12
Rating
School
Distance
Orchard Villa Elementary School
PublicPK to 5

Air Base K-8 Center for International Education
PublicPK to 8

Brownsville Middle School
Public6 to 8

Robert Morgan Voc-Tech Institute
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1261 Northwest 59th Street, Miami, FL 33142

1261 Northwest 59th Street is a multi-family home for sale in Miami, FL 33142. This property was listed for sale on March 5, 2026 by Home Sold Realty LLC, it's currently listed at $3,650,000. It has been on the market for a total of 35 days and was last sold on December 15, 2021. This listing's school district is Miami-Dade County Public Schools. Nearby schools include Orchard Villa Elementary School, Air Base K-8 Center for International Education and Brownsville Middle School. 1261 Northwest 59th Street is a 0-bed, 0-bath, 10,485 sqft multi-family home built in 1957.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Home Sold Realty LLC

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.