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Remodeled Miami Fourplex Investment Opportunity

2775 NW 57th St Miami, FL 33142

2775 NW 57th St, Miami, FL, 33142
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Completely remodeled fourplex in Miami with immediate income potential.

Property Size1,202 SF
Price / SF$623.88
AddedMay 15
Days on Market62
Last RefreshJul 15 at 5:31 pm

Property Features for 2775 NW 57th St

General Information

Standard status
Active
Size
1,202 SF
Property subtype
Multifamily

Building Details

Year Built
1947

Listing office United Realty Group Inc

Listing date May 15, 2026

Source Crexi

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 and a renovated bathroom. Modern flooring is installed throughout the building, and fresh paint has been applied to both the interior and exterior. All units are currently rented, generating a total monthly income of $5,400. This well-maintained property is located in a high-demand rental market, making it suitable for investors seeking a stabilized asset. The property size is 1202 square feet.

Key Highlights

  • Turnkey cash‑flow opportunity with immediate income potential.
  • Generating a total monthly income of $5,400.
  • Completely remodeled fourplex with updated studio units.

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 $36.8k $30.60
− Vacancy −$2.3k −$1.95
EGI $34.4k $28.65
− OpEx −$10.3k −$8.60
NOI $24.1k $20.06
1,202 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$344.4K
$301.3K – $401.8K (±1% cap)
NOI $24,107 @ 7.0% cap · market cap 3.21%
Second Best
Apartment 5plus
$317.2K
$277.6K – $370.1K (±1% cap)
NOI $22,205 @ 7.0% cap · market cap 2.96%
Theoretical Best
Specialty Retail
$811.4K
$709.9K – $946.6K (±1% cap)
NOI $56,795 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Real Estate Agency Spa & Massage Center Law Firm Hair Salon Dental Office Nail Salon Computer & Electronic Repair Gym & Fitness Center Locksmith (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Quadplex - Completely remodeled fourplex in Miami with immediate income potential.
Where is this quadplex located?
The property is located at 2775 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.; Generating a total monthly income of $5,400.; Completely remodeled fourplex with updated studio units.
Contact an agent
(786) 752-1069 Call to check price and availability
More about this property
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