Miami Multifamily Building For
1725 NW 59th St Miami, FL 33142
1725 NW 59th St, Miami, FL, 33142
Contact for pricing
For Sale
Contact for pricing
Well-kept 4-unit building in Miami with expansion potential.
Property Size3,130 SF
Lot Size0.26 Acres
Price / SF$328.12
Days on Market684
Property Features for 1725 NW 59th St
General Information
- Standard status
- Active
- Size
- 3,130 SF
- Lot size
- 0.26 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1934
Listing agency
Florida Realty of Miami Corp
Listed by
Maria Gomez · License #3201146
Source
Crexi
Added: Sep 7, 2024 Updated: Jul 6 at 8:34AM Checked: Jul 21 at 6:53AM
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 Florida Realty of Miami Corp
Investment Insights
Based on property information with market context.
This well-maintained 4-unit multifamily building is located in Miami. The property features three units with 2 beds and 1 bath each, and one unit with 1 bed and 1 bath. Each unit has a separate electrical panel. The building has a living area of 3,130 square feet and is situated on a 11,200 square foot lot that offers ample room for expansion. The property provides convenient access to highways 112 and I-95, as well as quick access to Miami Beach. This property presents a fantastic ownership opportunity.
Key Highlights
- Four‑unit multifamily building in Miami
- Ample room for expansion on a large 11,200 sqft lot
- Three units with 2 beds/1 bath, one unit with 1 bed/1 bath
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 | $95.8k | $30.60 |
| − Vacancy | −$6.1k | −$1.95 |
| EGI | $89.7k | $28.65 |
| − OpEx | −$26.9k | −$8.60 |
| NOI | $62.8k | $20.06 |
3,130 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$896.8K
$784.7K – $1.05M
NOI $62,774 @ 7.0% cap · market cap 6.11%
Second Best
Apartment 5plus
$826.0K
$722.8K – $963.7K
NOI $57,822 @ 7.0% cap · market cap 5.63%
Theoretical Best
Specialty Retail
$2.11M
$1.85M – $2.46M
NOI $147,894 @ 7.0% cap · market cap 14.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-kept 4-unit building in Miami with expansion potential.
Where is this quadplex located?
The property is located at 1725 NW 59th St Miami, FL.
What is the asking price?
The asking price for this property is $1,027,000.
What are key features of this property?
This property features: Four‑unit multifamily building in Miami; Ample room for expansion on a large 11,200 sqft lot; Three units with 2 beds/1 bath, one unit with 1 bed/1 bath
