Remodeled Fourplex with
1126 NW 58th Terrace, Miami, FL 33127
For Sale
$799,000
Four separately metered apartments feature updated kitchens, baths, major systems, and impact windows.
Property Size1,980 SF
Lot Size0.13 Acres
Price / SF$403.54
Days on Market17
Property Features for 1126 NW 58th Terrace
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Occupancy
Financials
Cap Rate
Gross Income
Opportunity Zone
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Building Details
Year Built
Buildings
Listing Agency:
Beachfront Realty Inc
(305) 534-4242
Listed By:
Jose Martin Safdie · License #3378520
(305) 399-8241
Source:
Lehmannflorida
Added: Oct 22
Changed: Nov 6
Last Checked: Nov 6 at 9:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Beachfront Realty Inc
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Investment Insights
Based on property information with market context.
This fourplex contains four one-bedroom, one-bathroom apartments across 1,980 square feet. Permitted renovations include a new roof, impact windows, updated electrical and plumbing, tankless water heaters, kitchens with Samsung black-stainless appliances, and renovated bathrooms. The 40-year recertification is complete. Each apartment has separate electric metering, and the property includes parking for four vehicles on a 5,680-square-foot lot.
The property is in Miami’s 33127 ZIP code, blocks from Related Urban’s Liberty Square redevelopment. The planned Little River district, a future Tri-Rail station, Wynwood, and the Design District are also described as minutes away.
The property is in Miami’s 33127 ZIP code, blocks from Related Urban’s Liberty Square redevelopment. The planned Little River district, a future Tri-Rail station, Wynwood, and the Design District are also described as minutes away.
Key Highlights
- Four one‑bedroom, one‑bathroom apartments
- 1,980 square feet on a 5,680‑square‑foot lot
- Permitted renovations include roof, impact windows, electrical, plumbing, kitchens, baths, and tankless water heaters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,710
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$794,200
$794.2K
Cap Rate 7%
$567,286
$567.3K
Cap Rate 9%
$441,222
$441.2K
Market Conditions
NOI Build-Up for 1,980 SF
Gross rent
$60.6K $30.60/SF
− Vacancy
−$3.9K −$1.95/SF
EGI
$56.7K $28.65/SF
− OpEx
−$17.0K −$8.60/SF
NOI
$39.7K $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 Rate 5%
$794,200
Cap Rate 7%
$567,286
Cap Rate 9%
$441,222
Alternative Uses
Best Use
Multifamily LT 5
$567.3K
$496.4K – $661.8K
NOI $39,710 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$522.5K
$457.2K – $609.6K
NOI $36,577 @ 7.0% cap · market cap 4.58%
Theoretical Best
Specialty Retail
$1.34M
$1.17M – $1.56M
NOI $93,556 @ 7.0% cap · market cap 11.71%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,418
Businesses Nearby
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Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Miami, FL
Properties on Market for Quadplexes in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four separately metered apartments feature updated kitchens, baths, major systems, and impact windows.
Where is this quadplex located?
The property is located at 1126 NW 58th Terrace Miami, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Four one‑bedroom, one‑bathroom apartments; 1,980 square feet on a 5,680‑square‑foot lot; Permitted renovations include roof, impact windows, electrical, plumbing, kitchens, baths, and tankless water heaters
