Remodeled Miami Fourplex Investment
For Sale
$749,900
2773 NW 57th St, Miami, FL 33142
Completely remodeled fourplex in Miami, generating $5,400 monthly income.
Property Size1,304 SF
Price / SF$575.08
Days on Market101
Property Features for 2773 NW 57th St
General Information
Standard status
Active
Size
1,304 SF
Property subtype
Quadruplex
Taxes and HOA fees
Annual Taxes
$5,157
Building Details
Building Size
1,304 SF
Year Built
1947
Listing Agency:
United Realty Group Inc
(786) 752-1069
Listed By:
Roylan Valdivia · License #3224891
Source:
Casacollectiongroup
Added: May 21
Changed: Aug 25
Last Checked: Aug 29 at 3:44PM
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 United Realty Group Inc
Investment Insights
Based on property information with market context.
This multifamily property presents an investment opportunity in Miami. The property is a remodeled fourplex featuring updated studio units. Each unit includes a brand-new kitchen, renovated bathroom, and modern flooring. Fresh paint has been applied to both the interior and exterior. All units are currently rented, generating a total monthly income of $5,400. The property is located in a high-demand rental market. Neighboring fourplex for sale! 2773 and 2775 can be sold TOGETHER as a bundle. The property size is 1304 square feet.
Key Highlights
- Turnkey cash‑flow opportunity with immediate income potential of $5,400 monthly.
- Completely remodeled fourplex with updated studio units.
- Brand‑new kitchens and renovated bathrooms in all units.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,152
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$523,040
$523.0K
Cap Rate 7%
$373,600
$373.6K
Cap Rate 9%
$290,578
$290.6K
Market Conditions
NOI Build-Up for 1,304 SF
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.
Gross rent
$39.9K $30.60/SF
− Vacancy
−$2.5K −$1.95/SF
EGI
$37.4K $28.65/SF
− OpEx
−$11.2K −$8.60/SF
NOI
$26.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$523,040
Cap Rate 7%
$373,600
Cap Rate 9%
$290,578
Alternative Uses
Best Use
Multifamily LT 5
$373.6K
$326.9K – $435.9K
NOI $26,152 @ 7.0% cap · market cap 3.49%
Second Best
Apartment 5plus
$344.1K
$301.1K – $401.5K
NOI $24,089 @ 7.0% cap · market cap 3.21%
Theoretical Best
Specialty Retail
$880.2K
$770.2K – $1.03M
NOI $61,615 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,142
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 - Completely remodeled fourplex in Miami, generating $5,400 monthly income.
Where is this quadplex located?
The property is located at 2773 NW 57th St Miami, FL.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Turnkey cash‑flow opportunity with immediate income potential of $5,400 monthly.; Completely remodeled fourplex with updated studio units.; Brand‑new kitchens and renovated bathrooms in all units.
