Renovated 5-Unit Apartment
For Sale
$1,200,000
1021 NW 30th St, Miami, FL 33127
Each apartment has its own electric meter, with residents responsible for their consumption.
Property Size2,800 SF
Lot Size0.11 Acres
Price / SF$428.57
Days on Market55
Property Features for 1021 NW 30th St
General Information
Standard status
Active
Size
2,800 SF
Lot size
0.11 Acres
Property subtype
Quadruplex
Units
Unit Mix
3 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
5
Additional Details
Gross Income
$121,200
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$12,182
Building Details
Building Size
2,800 SF
Year Built
1936
Listing Agency:
Fausto Commercial Realty Consultants Inc
Listed By:
Miguel Fuentes · License #3403804
(305) 443-7423
Source:
Marcelosteinmander
Added: Aug 19
Changed: Sep 29
Last Checked: Oct 11 at 1:50PM
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 Fausto Commercial Realty Consultants Inc
Investment Insights
Based on property information with market context.
This renovated five-unit apartment building contains approximately 2,800 square feet of living area on a 5,005-square-foot lot. The unit mix includes three 2-bedroom/1-bath apartments and two 1-bedroom/1-bath apartments. Built in 1936, the property has updated interiors, fresh exterior paint, and a renovated driveway. Separate electric metering assigns each unit’s electricity consumption to its occupants.
The property is located at 1021 NW 30th St in Miami’s Allapattah area, with Wynwood and the Rubell Museum described as minutes away. WalkScore is 98, BikeScore is 84, and TransitScore is 50. Two units are occupied by Section 8 tenants.
The property is located at 1021 NW 30th St in Miami’s Allapattah area, with Wynwood and the Rubell Museum described as minutes away. WalkScore is 98, BikeScore is 84, and TransitScore is 50. Two units are occupied by Section 8 tenants.
Key Highlights
- Five‑unit apartment building with three 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units
- Approximately 2,800 square feet of living area on a 5,005‑square‑foot lot
- Renovated interiors, fresh exterior paint, and a renovated driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,726
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,034,520
$1.0M
Cap Rate 7%
$738,943
$738.9K
Cap Rate 9%
$574,733
$574.7K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$100.8K $36.00/SF
− Vacancy
−$6.8K −$2.41/SF
EGI
$94.0K $33.59/SF
− OpEx
−$42.3K −$15.11/SF
NOI
$51.7K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,034,520
Cap Rate 7%
$738,943
Cap Rate 9%
$574,733
Alternative Uses
Best Use
Apartment 5plus
$738.9K
$646.6K – $862.1K
NOI $51,726 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.89M
$1.65M – $2.21M
NOI $132,301 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
5
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,177
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Each apartment has its own electric meter, with residents responsible for their consumption.
Where is this apartment building located?
The property is located at 1021 NW 30th St Miami, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Five‑unit apartment building with three 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units; Approximately 2,800 square feet of living area on a 5,005‑square‑foot lot; Renovated interiors, fresh exterior paint, and a renovated driveway
