Quadplex Residential Income
1286 NW 59th St Miami, FL 33142
1286 NW 59th St, Miami, FL, 33142
$1,080,000
For Sale
$1,080,000
For sale quadplex offering residential income in Miami, Florida.
Property Size3,596 SF
Price / SF$300.33
Days on Market8
Property Features for 1286 NW 59th St
General Information
- Standard status
- Active
- Size
- 3,596 SF
- Property subtype
- Quadruplex
Building Details
- Year Built
- 1965
Listing Agency
Realty One Group Evolution
(786) 314-3149
Listed by
Johana Parra · License #3085829
(786) 314-3149
Source
Riserealty
Added: Jul 13 Updated: Jul 17 at 2:26 am Checked: Jul 20 at 4:03 am
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
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
Local 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 | $110.0k | $30.60 |
| − Vacancy | −$7.0k | −$1.95 |
| EGI | $103.0k | $28.65 |
| − OpEx | −$30.9k | −$8.60 |
| NOI | $72.1k | $20.06 |
3,596 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
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 St 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
