Remodeled Four-Unit
For Sale
$749,900
2775 NW 57th St, Miami, FL 33142
Residential Income, Miami, FL
Property Size1,202 SF
Price / SF$623.88
Days on Market31
Property Features for 2775 NW 57th St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
5700
Bedrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 1
Parking
4
Subdivision
HIALEAH HEIGHTS
Lot features
< 1/4 Acre
Standard status
Active
APN
30-31-16-009-6891
Size
1,202 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
HIALEAH HGTS PB 28-24 LOT 28 BLK 28 & 6FT ALLEY LYG N & ADJ CLOSED PER R-638-92 LOT SIZE 40.000 X 135 OR 15823-3306 0193 4 COC 23523-0487 25
Tax Annual Amount
5157
Legal Description
HIALEAH HGTS PB 28-24 LOT 28 BLK 28 & 6FT ALLEY LYG N & ADJ CLOSED PER R-638-92 LOT SIZE 40.000 X 135 OR 15823-3306 0193 4 COC 23523-0487 25
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1947
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
United Realty Group Inc
(954) 450-2000
Listed By:
Roylan Valdivia · License #3224891
(786) 752-1069
Added: Jul 30
Changed: Aug 27
Last Checked: Aug 29 at 7:06PM
MLS# A12018639
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 residential property contains studio apartments within a 1,202-square-foot building constructed in 1947. Interior improvements include refreshed kitchens, updated bathrooms, contemporary tile flooring, and new interior and exterior paint. Block construction, a shingle roof, central heating, and central air complete the building’s primary physical features.
The property is located at 2775 NW 57th St in Miami, Florida 33142. Public water and public sewer serve the site, with cable availability also reported. The units are fully occupied, providing an in-place residential income configuration. The neighboring fourplex at 2773 is identified as an additional property that may be acquired with this asset as an 8-unit portfolio.
The property is located at 2775 NW 57th St in Miami, Florida 33142. Public water and public sewer serve the site, with cable availability also reported. The units are fully occupied, providing an in-place residential income configuration. The neighboring fourplex at 2773 is identified as an additional property that may be acquired with this asset as an 8-unit portfolio.
Key Highlights
- Four studio units within a 1,202‑square‑foot quadplex
- Remodeled kitchens, bathrooms, tile flooring, and interior/exterior paint
- 100% occupancy across all four units
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
$24,107
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
3.21%
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%
$482,140
$482.1K
Cap Rate 7%
$344,386
$344.4K
Cap Rate 9%
$267,856
$267.9K
Market Conditions
NOI Build-Up for 1,202 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
$36.8K $30.60/SF
− Vacancy
−$2.3K −$1.95/SF
EGI
$34.4K $28.65/SF
− OpEx
−$10.3K −$8.60/SF
NOI
$24.1K $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%
$482,140
Cap Rate 7%
$344,386
Cap Rate 9%
$267,856
Alternative Uses
Best Use
Multifamily LT 5
$344.4K
$301.3K – $401.8K
NOI $24,107 @ 7.0% cap · market cap 3.21%
Second Best
Apartment 5plus
$317.2K
$277.6K – $370.1K
NOI $22,205 @ 7.0% cap · market cap 2.96%
Theoretical Best
Specialty Retail
$811.4K
$709.9K – $946.6K
NOI $56,795 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,142
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
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 - Four studio units feature updated interiors with central heating and cooling.
Where is this quadplex located?
The property is located at 2775 NW 57th St Miami, FL.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Four studio units within a 1,202‑square‑foot quadplex; Remodeled kitchens, bathrooms, tile flooring, and interior/exterior paint; 100% occupancy across all four units
