$1,080,000

1286 59th St, Miami, FL 33142

Living area
3,596 ft²
Price per ft²
$300 / ft²
Year built
1965
On market
72 days on market
MLS #
A12052741

Prime income-producing fourplex in the heart of Miami! This turnkey investment features four fully occupied 2-bedroom, 1-bathroom units, each generating $2,400 per month, providing immediate and reliable rental income. The property has successfully completed its 40-year recertification, and the roof was replaced just two years ago, offering added value and peace of mind for the new owner. Ideally located just minutes from Wynwood, the Design District, Downtown Miami, Miami International Airport, I-95, SR-112, shopping, dining, schools, and public transportation. Strong rental demand, an excellent location, and solid cash flow make this an outstanding addition to any investment portfolio. Don’t miss this exceptional opportunity!

The MiamiLi Read

The lines below are derived automatically from this listing’s own data and the area’s recorded deed transfers. They are not a personal opinion or investment advice.

  • Price per square footThe asking price per ft² on this listing is $300. The median for recorded sales in the same ZIP codes is $762/ft² — putting it 61% below the median.
  • Position in the area’s price distributionThe asking price is $1,080,000; the median of recorded sales in the area is $578,200 (693 sales). On raw price that is 87% above the median — this line does NOT adjust for property type or size.

How to read this comparison: the figure on the left is an asking price, while the one on the right is a closed sale median — the two are not the same thing, and the room to negotiate sits inside that gap. The median covers every property type and size in those ZIP codes; it carries no adjustment for a single listing’s floor, view, age or finishes. This box is not an appraisal.

Scope: ZIP codes 33127, 33136, 33142 · arm’s-length sales recorded by the Miami-Dade County Property Appraiser.

Monthly mortgage payment

Estimated monthly loan payment based on this listing's price. Adjust the down payment, rate and term to match your own terms.

30%$324,000
Term

6.95% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced September 17, 2026.

Estimated monthly payment$5,004
Loan amount
$756,000
Total interest over the term
$1,045,557
Total repaid
$1,801,557

Principal and interest only; property tax, insurance and HOA dues are NOT included. This is not a binding offer.

Realty One Group Evolution

Listing data provided by the Southeast Florida MLS (MIAMI REALTORS®) IDX feed. Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited.

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