Four-Unit Block
For Sale
$960,000
1277 NW 58th St, Miami, FL 33142
Residential Income, Miami, FL
Property Size3,024 SF
Price / SF$317.46
Days on Market91
Property Features for 1277 NW 58th St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
3901
Bedrooms
8
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 3, Bedroom 8, Bathroom 4, Bedroom 7, Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 6, Bedroom 4
Parking
4
Subdivision
ORCHARD VILLA EXTENSION
Lot features
< 1/4 Acre
Standard status
Active
APN
01-31-14-043-1901
Size
3,024 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
14 53 41 ORCHARD VILLA EXT PB 17-55 LOT 27 BLK 10 LOT SIZE 50.000 X 106 OR 16854-0952 0795 4 COC 25426-3464 02 2007 1
Tax Annual Amount
7679
Legal Description
14 53 41 ORCHARD VILLA EXT PB 17-55 LOT 27 BLK 10 LOT SIZE 50.000 X 106 OR 16854-0952 0795 4 COC 25426-3464 02 2007 1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Building Details
Year built
1958
Floors in Building
2
Flooring type
Tile
Building materials
Block
Architectural style
Other
Listing Agency:
Veissi & Associates, Inc.
(305) 665-9299
Listed By:
Georgette Veissi · License #3338248
(305) 903-1667
Added: Jun 17
Changed: Sep 12
Last Checked: Sep 15 at 2:06AM
MLS# A11986251
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.
This four-unit quadplex contains 3,024 square feet and was built in 1958 with block construction. The property includes tile flooring, electric central heating, electric cooling with central air, and four bathrooms. All units are currently rented, providing an established residential income configuration.
Located at 1277 NW 58th St in Miami, the property is near public transit, schools, and shopping. Public sewer service is in place, and cable is available. Showings are conducted by appointment with 24–48 hours’ notice.
Located at 1277 NW 58th St in Miami, the property is near public transit, schools, and shopping. Public sewer service is in place, and cable is available. Showings are conducted by appointment with 24–48 hours’ notice.
Key Highlights
- Four‑unit quadplex with 3,024 square feet
- All units are rented
- Built in 1958 with block construction
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$60,648
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,212,960
$1.2M
Cap Rate 7%
$866,400
$866.4K
Cap Rate 9%
$673,867
$673.9K
Market Conditions
NOI Build-Up for 3,024 SF
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.
Gross rent
$92.5K $30.60/SF
− Vacancy
−$5.9K −$1.95/SF
EGI
$86.6K $28.65/SF
− OpEx
−$26.0K −$8.60/SF
NOI
$60.6K $20.06/SF
Area
Miami, FL
Vacancy
6.37%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,212,960
Cap Rate 7%
$866,400
Cap Rate 9%
$673,867
Alternative Uses
Best Use
Multifamily LT 5
$866.4K
$758.1K – $1.01M
NOI $60,648 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$798.1K
$698.3K – $931.1K
NOI $55,864 @ 7.0% cap · market cap 5.82%
Theoretical Best
Specialty Retail
$2.04M
$1.79M – $2.38M
NOI $142,885 @ 7.0% cap · market cap 14.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,413
Businesses Nearby
Explore this area
Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased property with tile flooring, central systems, and public sewer service.
Where is this quadplex located?
The property is located at 1277 NW 58th St Miami, FL.
What is the asking price?
The asking price for this property is $960,000.
What are key features of this property?
This property features: Four‑unit quadplex with 3,024 square feet; All units are rented; Built in 1958 with block construction
