Two-Story
New
For Sale
$1,060,000
1030 NW 32nd St, Miami, FL 33127
Updated apartment interiors and individual electric meters support the building’s four-unit residential configuration.
Property Size2,808 SF
Days on Market7
Property Features for 1030 NW 32nd St
General Information
Standard status
Active
Size
2,808 SF
Property subtype
Quadruplex
Site & Location
Neighborhood
Santa Clara
Public Transit
Yes
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Individually Metered Utilities
electricity
Additional Details
Gross Income
$61,620
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$13,718
Building Details
Building Size
2,808 SF
Year Built
1930
Buildings
1
Stories
2
Listing Agency:
Icon Realty Brokerage, LLC
Listed By:
Benjamin Lipson · License #3279939
(954) 415-1713
Source:
Miamibrokersgroup
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 26 at 11:03PM
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 Icon Realty Brokerage, LLC
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Investment Insights
Based on property information with market context.
Built in 1930, this two-story Miami quadplex contains four apartments, each with two bedrooms and one bathroom. Tile flooring and updated kitchens and bathrooms are found in the units, which have separate electric meters. Three apartments are leased; Unit 3 is vacant. Roof coating work was completed in December 2025, and the City of Miami’s 40/50-year building recertification was completed in 2021.
The property is in Allapattah, near Wynwood, Midtown, Jackson Memorial Hospital, public transportation, and major roadways. Professional management has been in place since June 2023, with rental records available. A rent roll, four-point inspection reports for all four units, and a building wind mitigation report are included with the MLS listing.
The property is in Allapattah, near Wynwood, Midtown, Jackson Memorial Hospital, public transportation, and major roadways. Professional management has been in place since June 2023, with rental records available. A rent roll, four-point inspection reports for all four units, and a building wind mitigation report are included with the MLS listing.
Key Highlights
- Four apartments, each with 2 bedrooms and 1 bathroom
- Three leased units; Unit 3 is vacant
- Separate electric meters for each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,316
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,126,320
$1.1M
Cap Rate 7%
$804,514
$804.5K
Cap Rate 9%
$625,733
$625.7K
Market Conditions
NOI Build-Up for 2,808 SF
Gross rent
$85.9K $30.60/SF
− Vacancy
−$5.5K −$1.95/SF
EGI
$80.5K $28.65/SF
− OpEx
−$24.1K −$8.60/SF
NOI
$56.3K $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 Rate 5%
$1,126,320
Cap Rate 7%
$804,514
Cap Rate 9%
$625,733
Alternative Uses
Best Use
Multifamily LT 5
$804.5K
$704.0K – $938.6K
NOI $56,316 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$741.0K
$648.4K – $864.6K
NOI $51,873 @ 7.0% cap · market cap 4.89%
Theoretical Best
Specialty Retail
$1.90M
$1.66M – $2.21M
NOI $132,679 @ 7.0% cap · market cap 12.52%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,177
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Updated apartment interiors and individual electric meters support the building’s four-unit residential configuration.
Where is this quadplex located?
The property is located at 1030 NW 32nd St Miami, FL.
What is the asking price?
The asking price for this property is $1,060,000.
What are key features of this property?
This property features: Four apartments, each with 2 bedrooms and 1 bathroom; Three leased units; Unit 3 is vacant; Separate electric meters for each apartment
