Furnished Duplex Income
For Sale
$1,450,000
1220 & 1222 NW 30th St, Miami, FL 33142
MULTI_FAMILY - Miami, FL
Property Size3,456 SF
Price / SF$419.56
Days on Market29
Property Features for 1220 & 1222 NW 30th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
8
Full bathrooms
4
Rooms
Bedroom 8, Bathroom 3, Bedroom 2, Bathroom 4, Bedroom 4, Bedroom 6, Bedroom 7, Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 1, Bedroom 3
Parking
4
Exterior features
Fence
Fencing
Fenced
Subdivision
WEST END PARK AMD PL
Lot features
< 1/4 Acre
Standard status
Active
APN
01-31-26-039-1571
Size
3,456 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
WESTEND PK AMD PL PB 6-142 LOT 26 BLK 7 LOT SIZE 49.000 X 125 OR 20494-0610 05 2002 4
Tax Annual Amount
19382
Legal Description
WESTEND PK AMD PL PB 6-142 LOT 26 BLK 7 LOT SIZE 49.000 X 125 OR 20494-0610 05 2002 4
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)
Building Details
Year built
2024
Floors in Building
2
Flooring type
Tile
Building materials
Block
Roof type
Flat
Listing Agency:
Douglas Elliman
(305) 677-5000
Listed By:
Taylor DeFazio · License #3633129
(607) 321-5596
Added: Jul 18
Changed: Aug 3
Last Checked: Aug 15 at 11:06PM
MLS# A11991600
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex features two spacious units, each with four bedrooms and two bathrooms, and additional rear studio spaces for flexible use. All spaces are delivered furnished, supporting an immediate move-in and rental-ready transition. Interior finishes include tile flooring, with central heating and central air cooling supplemented by ceiling fans.
The property is built with block construction and has a flat roof. Exterior features include fencing. Utilities include cable availability, and the property is served by public sewer. Buyer to verify zoning, permits, and the legal use of all structures.
Built in 2024 and totaling 3,456 square feet, this duplex at 1220 & 1222 NW 30th St, Miami, FL 33142 offers a straightforward foundation for residential income strategies.
The property is built with block construction and has a flat roof. Exterior features include fencing. Utilities include cable availability, and the property is served by public sewer. Buyer to verify zoning, permits, and the legal use of all structures.
Built in 2024 and totaling 3,456 square feet, this duplex at 1220 & 1222 NW 30th St, Miami, FL 33142 offers a straightforward foundation for residential income strategies.
Key Highlights
- Two 4‑bedroom, 2‑bath units plus additional rear studio spaces
- All spaces delivered furnished
- 3,456 SF duplex
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
$69,312
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
4.78%
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%
$1,386,240
$1.4M
Cap Rate 7%
$990,171
$990.2K
Cap Rate 9%
$770,133
$770.1K
Market Conditions
NOI Build-Up for 3,456 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
$105.8K $30.60/SF
− Vacancy
−$6.7K −$1.95/SF
EGI
$99.0K $28.65/SF
− OpEx
−$29.7K −$8.60/SF
NOI
$69.3K $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%
$1,386,240
Cap Rate 7%
$990,171
Cap Rate 9%
$770,133
Alternative Uses
Best Use
Multifamily LT 5
$990.2K
$866.4K – $1.16M
NOI $69,312 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$912.1K
$798.1K – $1.06M
NOI $63,844 @ 7.0% cap · market cap 4.40%
Theoretical Best
Specialty Retail
$2.33M
$2.04M – $2.72M
NOI $163,298 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,155
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex on a 2024-built block structure with all spaces delivered furnished, plus rear studio spaces for flexible use.
Where is this duplex located?
The property is located at 1220 & 1222 NW 30th St Miami, FL.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Two 4‑bedroom, 2‑bath units plus additional rear studio spaces; All spaces delivered furnished; 3,456 SF duplex
