Turnkey Four-Unit
For Sale
$960,000
1277 NW 58th St, Miami, FL 33142
MULTI_FAMILY - Other - Miami, FL
Property Size3,024 SF
Price / SF$317.46
Days on Market45
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 3, Bedroom 2, Bedroom 4, Bedroom 5, Bathroom 3, Bathroom 2, Bedroom 7, Bedroom 6, Bathroom 4, Bathroom 1, Bedroom 1, Bedroom 8
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: Jul 28
Last Checked: Jul 31 at 9:06PM
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 turnkey four-unit quadplex is described as well maintained and configured as a single property containing four separate rental units. The offering is positioned as fully leased, with showings available by appointment and advance notice of 24–48 hours requested to accommodate tenants. The property is presented for sale as an income-producing residential investment with four current tenants in place.
The asset is located in Miami-Dade County, Florida, at 1277 NW 58th St in Miami (33142). The public remarks note proximity to public transit, schools, and shopping, which may support tenant convenience and everyday accessibility.
For investors or owner-operators seeking a multi-family residential income property, the practical appeal here is the four-unit structure with all units currently rented. Because the listing emphasizes an all-occupied configuration, it may be suitable for buyers looking for an established rental setup rather than a vacant repositioning. As with any leased property, prospective buyers should plan for appointment-based access and review lease terms as part of their due diligence.
The asset is located in Miami-Dade County, Florida, at 1277 NW 58th St in Miami (33142). The public remarks note proximity to public transit, schools, and shopping, which may support tenant convenience and everyday accessibility.
For investors or owner-operators seeking a multi-family residential income property, the practical appeal here is the four-unit structure with all units currently rented. Because the listing emphasizes an all-occupied configuration, it may be suitable for buyers looking for an established rental setup rather than a vacant repositioning. As with any leased property, prospective buyers should plan for appointment-based access and review lease terms as part of their due diligence.
Key Highlights
- Quadplex (4 units) with all units rented and currently fully leased
- Built in 1958 with block construction
- Tile flooring throughout
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 | $92.5k | $30.60 |
| − Vacancy | −$5.9k | −$1.95 |
| EGI | $86.6k | $28.65 |
| − OpEx | −$26.0k | −$8.60 |
| NOI | $60.6k | $20.06 |
3,024 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
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
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
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
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 - Well-maintained, fully leased quadplex with four income-producing units, offered as a turnkey property for new or returning investors.
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: Quadplex (4 units) with all units rented and currently fully leased; Built in 1958 with block construction; Tile flooring throughout
