Turnkey Renovated
For Sale
$1,590,000
584 NW 30th St, Miami, FL 33127
MULTI_FAMILY - Other - Miami, FL
Property Size2,816 SF
Price / SF$564.63
Days on Market30
Property Features for 584 NW 30th St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
6107
Bedrooms
2
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 2, Bedroom 1
Parking
5
Subdivision
NORTHERN BLVD TRACK
Lot features
< 1/4 Acre
Standard status
Active
APN
01-31-25-024-1970
Size
2,816 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
NORTHERN BLVD TR PB 2-29 LOT 11 BLK 13 LOT SIZE 50.000 X 127 OR 10160-648 0978 1
Tax Annual Amount
15242
Legal Description
NORTHERN BLVD TR PB 2-29 LOT 11 BLK 13 LOT SIZE 50.000 X 127 OR 10160-648 0978 1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Amenities
separate electric meters
on-site parking
Building Details
Year built
1973
Floors in Building
2
Flooring type
Wood, Hardwood
Building materials
Brick
Roof type
Shingle
Architectural style
Other
Listing Agency:
Beachfront Realty Inc
(305) 405-0615
Listed By:
Maytal Brosh · License #3267851
(305) 370-9365
Added: Jul 18
Changed: Aug 8
Last Checked: Aug 16 at 4:06PM
MLS# A11980231
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 turnkey renovated and furnished fourplex is set up as a four-unit investment with spacious 2BR/1BA layouts. All units are vacant, supporting immediate income plans and allowing a buyer to choose between traditional rentals, furnished rentals, or short-term rental operations. The property is completed with separate electric meters for each unit and on-site parking.
Built in 1973 with brick construction, the home has central heating and central air. Flooring includes wood and hardwood, and the roof is shingle. Public sewer services are available, and cable service is available.
A completed 40-Year Recertification is in place. An Airbnb/STR license is described as being in the final approval stages.
Built in 1973 with brick construction, the home has central heating and central air. Flooring includes wood and hardwood, and the roof is shingle. Public sewer services are available, and cable service is available.
A completed 40-Year Recertification is in place. An Airbnb/STR license is described as being in the final approval stages.
Key Highlights
- Fourplex with four spacious 2BR/1BA units
- All units vacant, supporting immediate income options
- Separate electric meters plus on‑site parking
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
$56,476
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
3.55%
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%
$1,129,520
$1.1M
Cap Rate 7%
$806,800
$806.8K
Cap Rate 9%
$627,511
$627.5K
Market Conditions
NOI Build-Up for 2,816 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
$86.2K $30.60/SF
− Vacancy
−$5.5K −$1.95/SF
EGI
$80.7K $28.65/SF
− OpEx
−$24.2K −$8.60/SF
NOI
$56.5K $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%
$1,129,520
Cap Rate 7%
$806,800
Cap Rate 9%
$627,511
Alternative Uses
Best Use
Multifamily LT 5
$806.8K
$706.0K – $941.3K
NOI $56,476 @ 7.0% cap · market cap 3.55%
Second Best
Apartment 5plus
$743.2K
$650.3K – $867.0K
NOI $52,021 @ 7.0% cap · market cap 3.27%
Theoretical Best
Specialty Retail
$1.90M
$1.66M – $2.22M
NOI $133,057 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5,003
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully renovated and furnished fourplex with separate electric meters, on-site parking, and central HVAC for four 2BR/1BA units.
Where is this quadplex located?
The property is located at 584 NW 30th St Miami, FL.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: Fourplex with four spacious 2BR/1BA units; All units vacant, supporting immediate income options; Separate electric meters plus on‑site parking
