Remodeled Fourplex with New
For Sale
$1,970,000
251 NW 57th Ave, Miami, FL 33126
MULTI_FAMILY - Other - Miami, FL
Property Size3,768 SF
Price / SF$522.82
Days on Market12
Property Features for 251 NW 57th Ave
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
6107
Bedrooms
8
Full bathrooms
6
Rooms
Bedroom 2, Bedroom 6, Bedroom 7, Bedroom 4, Bedroom 8, Bathroom 4, Bathroom 2, Bathroom 6, Bathroom 3, Bathroom 1, Bedroom 3, Bathroom 5, Bedroom 1, Bedroom 5
Parking
6
Subdivision
LIVINGSTONE PARK
Lot features
< 1/4 Acre
Standard status
Active
APN
01-41-06-017-0420
Size
3,768 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
6 54 41 LIVINGSTONE PARK PB 39-29 LOT 17 BLK 3 LOT SIZE 50.000 X 113 OR 9203-951
Tax Annual Amount
14990
Legal Description
6 54 41 LIVINGSTONE PARK PB 39-29 LOT 17 BLK 3 LOT SIZE 50.000 X 113 OR 9203-951
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1960
Floors in Building
2
Flooring type
Laminate
Building materials
Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
Rejoice Realty Group, Inc.
(305) 207-5777
Listed By:
Abel Diaz Baracaldo · License #3403297
(786) 716-2254
Added: Jul 21
Changed: Jul 29
Last Checked: Aug 1 at 2:06AM
MLS# A12057635
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 completely remodeled four-plex offers updated interiors across all units, with modern finishes and high-quality details. The property also includes a new roof with a 15-year warranty. The sale package is described to include all current inventory, including furniture, appliances, decorative elements, and operating resources, supporting continued operations after closing.
The property is located at 251 NW 57th Ave in Miami, Florida. The current reporting in the remarks states the property generates monthly income with consistent occupancy.
The property is located at 251 NW 57th Ave in Miami, Florida. The current reporting in the remarks states the property generates monthly income with consistent occupancy.
Key Highlights
- Completely remodeled four‑plex with block construction and shingle roof
- New roof with 15‑year warranty
- Each unit has been renovated with updated finishes and modern interior details
Financial Insights For Multifamily LT 5
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 | $115.3k | $30.60 |
| − Vacancy | −$7.3k | −$1.95 |
| EGI | $108.0k | $28.65 |
| − OpEx | −$32.4k | −$8.60 |
| NOI | $75.6k | $20.06 |
3,768 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$944.6K – $1.26M
NOI $75,569 @ 7.0% cap · market cap 3.84%
Second Best
Apartment 5plus
$994.4K
$870.1K – $1.16M
NOI $69,608 @ 7.0% cap · market cap 3.53%
Theoretical Best
Specialty Retail
$2.54M
$2.23M – $2.97M
NOI $178,040 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,733
Businesses Nearby
Explore this area
Business Placement
Demographics for 33126, FL
48,751
Population
19,725
Households
2.5
Avg Household Size
44
Median Age
28%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
9,028
Density / Sq Mi
$55,722
Median Household Income
$32,607
Median Earnings
$1,651
Median Rent
$299,800
Median Home Value
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 - Completely remodeled fourplex with a new roof and unit updates, sold with furnishings, appliances, and operating resources.
Where is this quadplex located?
The property is located at 251 NW 57th Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,970,000.
What are key features of this property?
This property features: Completely remodeled four‑plex with block construction and shingle roof; New roof with 15‑year warranty; Each unit has been renovated with updated finishes and modern interior details
