Miami Multifamily Building For
For Sale
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1725 NW 59th St, Miami, FL 33142
Well-kept 4-unit building in Miami with expansion potential.
Property Size3,130 SF
Lot Size0.26 Acres
Price / SF$328.12
Days on Market775
Property Features for 1725 NW 59th St
General Information
Standard status
Active
Size
3,130 SF
Total Parking Spaces
8
Lot size
0.26 Acres
Property subtype
Multifamily
Building Details
Year Built
1934
Stories
1
Listing Agency:
Florida Realty of Miami Corp
Listed By:
Maria Gomez · License #3201146
Source:
Crexi
Added: Sep 7, 2024
Changed: Oct 6
Last Checked: Oct 20 at 5:31PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,774
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,255,480
$1.3M
Cap Rate 7%
$896,771
$896.8K
Cap Rate 9%
$697,489
$697.5K
Market Conditions
NOI Build-Up for 3,130 SF
Gross rent
$95.8K $30.60/SF
− Vacancy
−$6.1K −$1.95/SF
EGI
$89.7K $28.65/SF
− OpEx
−$26.9K −$8.60/SF
NOI
$62.8K $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 Rate 5%
$1,255,480
Cap Rate 7%
$896,771
Cap Rate 9%
$697,489
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 authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,015
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
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
