Remodeled Fourplex with New
251 NW 57th Ave Miami, FL 33126
New
251 NW 57th Ave, Miami, FL, 33126
$1,970,000
For Sale
$1,970,000
MULTI_FAMILY - Other - Miami, FL
Property Size3,768 SF
Price / SF$522.82
Days on Market2
Property Features for 251 NW 57th Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 8
- Rooms
- Bathroom 4, Bathroom 2, Bedroom 4, Bedroom 6, Bathroom 5, Bathroom 6, Bedroom 2, Bathroom 1, Bedroom 8, Bedroom 1, Bedroom 7, Bedroom 5, Bedroom 3, Bathroom 3
- Parking
- 6
- Standard status
- Active
- APN
- 01-41-06-017-0420
- Size
- 3,768 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 6 54 41 LIVINGSTONE PARK PB 39-29 LOT 17 BLK 3 LOT SIZE 50.000 X 113 OR 9203-951
- Tax Annual Amount
- 14990
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1960
- Floors in Building
- 2
- Flooring type
- Laminate
- Building materials
- Block
- Roof type
- Shingle
- Architectural style
- Other
Listing agency
Rejoice Realty Group, Inc.
(305) 207-5777
Listed by
Abel Diaz Baracaldo · License #3403297
(786) 716-2254
Added: Jul 21 Checked: Jul 22 at 7:06PM
MLS# A12057635
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 completely remodeled four-plex offers updated interiors across all units, with modern finishes and high-quality details. The property also includes a new roof with a 15-year warranty. The sale package is described to include all current inventory, including furniture, appliances, decorative elements, and operating resources, supporting continued operations after closing.
The property is located at 251 NW 57th Ave in Miami, Florida. The current reporting in the remarks states the property generates monthly income with consistent occupancy.
The property is located at 251 NW 57th Ave in Miami, Florida. The current reporting in the remarks states the property generates monthly income with consistent occupancy.
Key Highlights
- Completely remodeled four‑plex with block construction and shingle roof
- New roof with 15‑year warranty
- Each unit has been renovated with updated finishes and modern interior details
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 | $115.3k | $30.60 |
| − Vacancy | −$7.3k | −$1.95 |
| EGI | $108.0k | $28.65 |
| − OpEx | −$32.4k | −$8.60 |
| NOI | $75.6k | $20.06 |
3,768 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$944.6K – $1.26M
NOI $75,569 @ 7.0% cap · market cap 3.84%
Second Best
Apartment 5plus
$994.4K
$870.1K – $1.16M
NOI $69,608 @ 7.0% cap · market cap 3.53%
Theoretical Best
Specialty Retail
$2.54M
$2.23M – $2.97M
NOI $178,040 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Completely remodeled fourplex with a new roof and unit updates, sold with furnishings, appliances, and operating resources.
Where is this quadplex located?
The property is located at 251 NW 57th Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,970,000.
What are key features of this property?
This property features: Completely remodeled four‑plex with block construction and shingle roof; New roof with 15‑year warranty; Each unit has been renovated with updated finishes and modern interior details
