Fully Furnished Quadplex
1220 Northwest 30th Street Miami, FL 33142
For Sale
$1,490,000
Income-producing quadplex with two 4-bedroom units and two studio units, all furnished for immediate rental use.
Property Size3,456 SF
Price / SF$431.13
Days on Market111
Property Features for 1220 Northwest 30th Street
General Information
- Standard status
- Active
- Size
- 3,456 SF
- Property subtype
- Multi-Family Income / Fourplex
Building Details
- Year Built
- 2024
Listing Agency:
Douglas Elliman
(305) 677-5000
Listed By:
Taylor DeFazio · License #3633129
(305) 677-5000
Source:
Compass
Added: Apr 5
Changed: Jul 22
Last Checked: Jul 23 at 8:30AM
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 Douglas Elliman
Investment Insights
Based on property information with market context.
This income-producing quadplex includes four rental units: two spacious 4-bedroom, 2-bathroom apartments and two studio units. The property is fully furnished, which can help reduce upfront setup costs and support an immediate rental transition. It is presented as turnkey and income-ready.
The asset is located in Miami and positioned near major highways, public transportation, employment hubs, and downtown Miami, supporting tenant demand.
The unit mix provides multiple income streams across larger apartment layouts and studio units within a single multifamily building.
The asset is located in Miami and positioned near major highways, public transportation, employment hubs, and downtown Miami, supporting tenant demand.
The unit mix provides multiple income streams across larger apartment layouts and studio units within a single multifamily building.
Key Highlights
- 2024‑built income‑producing quadplex with two 4‑bedroom, 2‑bath units plus two studio units
- All units are fully furnished, supporting immediate rental use
- Unit mix provides multiple income streams with two spacious family‑sized units and two studios
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.8k | $30.60 |
| − Vacancy | −$6.7k | −$1.95 |
| EGI | $99.0k | $28.65 |
| − OpEx | −$29.7k | −$8.60 |
| NOI | $69.3k | $20.06 |
3,456 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$990.2K
$866.4K – $1.16M
NOI $69,312 @ 7.0% cap · market cap 4.65%
Second Best
Apartment 5plus
$912.1K
$798.1K – $1.06M
NOI $63,844 @ 7.0% cap · market cap 4.28%
Theoretical Best
Specialty Retail
$2.33M
$2.04M – $2.72M
NOI $163,298 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Income-producing quadplex with two 4-bedroom units and two studio units, all furnished for immediate rental use.
Where is this quadplex located?
The property is located at 1220 Northwest 30th Street Miami, FL.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: 2024‑built income‑producing quadplex with two 4‑bedroom, 2‑bath units plus two studio units; All units are fully furnished, supporting immediate rental use; Unit mix provides multiple income streams with two spacious family‑sized units and two studios
