Quadplex Residential Income
For Sale
$1,080,000
1286 NW 59th Street, Miami, FL 33142
For sale quadplex offering residential income in Miami, Florida.
Property Size3,596 SF
Price / SF$300.33
Days on Market98
Property Features for 1286 NW 59th Street
General Information
Standard status
Active
Size
3,596 SF
Property subtype
Quadruplex
Building Details
Year Built
1965
Listing Agency:
Realty One Group Evolution
(786) 477-4715
Listed By:
Johana Vanessa Parra · License #3371418
(786) 314-3149
Source:
Lehmannflorida
Added: Jul 16
Changed: Oct 19
Last Checked: Oct 19 at 10:22AM
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 Realty One Group Evolution
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Investment Insights
Based on property information with market context.
This for-sale quadplex is a residential income property configured as four units within a single building. The property is listed with a total size of 3,596 square feet.
The asset is located at 1286 NW 59th St in Miami, Florida (33142).
The asset is located at 1286 NW 59th St in Miami, Florida (33142).
Key Highlights
- Quadplex for sale offering residential income
- Year built: 1965
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,120
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,442,400
$1.4M
Cap Rate 7%
$1,030,286
$1.0M
Cap Rate 9%
$801,333
$801.3K
Market Conditions
NOI Build-Up for 3,596 SF
Gross rent
$110.0K $30.60/SF
− Vacancy
−$7.0K −$1.95/SF
EGI
$103.0K $28.65/SF
− OpEx
−$30.9K −$8.60/SF
NOI
$72.1K $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 Rate 5%
$1,442,400
Cap Rate 7%
$1,030,286
Cap Rate 9%
$801,333
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$901.5K – $1.20M
NOI $72,120 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$949.0K
$830.4K – $1.11M
NOI $66,430 @ 7.0% cap · market cap 6.15%
Theoretical Best
Specialty Retail
$2.43M
$2.12M – $2.83M
NOI $169,913 @ 7.0% cap · market cap 15.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
1,093
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - For sale quadplex offering residential income in Miami, Florida.
Where is this quadplex located?
The property is located at 1286 NW 59th Street Miami, FL.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: Quadplex for sale offering residential income; Year built: 1965
