Quadplex with Separate Electric
For Sale
$1,300,000
1730 Marseille Dr, Miami Beach, FL 33141
Four one-bedroom units with separate electric meters and on-site parking, plus a recently updated bathroom unit.
Property Size2,792 SF
Days on Market52
Property Features for 1730 Marseille Dr
General Information
Standard status
Active
Size
2,792 SF
Property subtype
Investment
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$15,910
Building Details
Building Size
2,792 SF
Year Built
1946
Stories
2
Units
4
Tenancy
Multi
Listing Agency:
(786) 975-6305
Listed By:
Elba Diaz
(786) 975-6305
Source:
Elliman
Added: Jun 22
Changed: Aug 8
Last Checked: Aug 11 at 11:26AM
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 Elba Diaz
Investment Insights
Based on property information with market context.
This four-unit multifamily property features four one-bedroom, one-bathroom apartments with separate electric meters. The building has been maintained over the years, including A/C units reported at approximately 1 to 5 years old, and one unit with a recently updated, brand-new bathroom. The property also includes on-site parking and a functional layout intended for everyday tenant use.
Located at 1730 Marseille Dr in Miami Beach, the property is positioned for convenience to beaches, shopping, dining, parks, schools, major roadways, and public transportation. The area is described as car-dependent with somewhat limited bikeability and some transit access, supporting a straightforward resident lifestyle for tenants who rely on a vehicle.
For buyers, this quadplex offers a clear, low-complexity residential income setup with separately metered utilities and an advantage noted in the completed 40-Year Recertification. With four well-defined units and documented property maintenance, it can be a practical fit for investors looking to add a small multifamily asset to a portfolio, complete a 1031 exchange, or acquire a value-focused property in an established South Florida rental market.
Located at 1730 Marseille Dr in Miami Beach, the property is positioned for convenience to beaches, shopping, dining, parks, schools, major roadways, and public transportation. The area is described as car-dependent with somewhat limited bikeability and some transit access, supporting a straightforward resident lifestyle for tenants who rely on a vehicle.
For buyers, this quadplex offers a clear, low-complexity residential income setup with separately metered utilities and an advantage noted in the completed 40-Year Recertification. With four well-defined units and documented property maintenance, it can be a practical fit for investors looking to add a small multifamily asset to a portfolio, complete a 1031 exchange, or acquire a value-focused property in an established South Florida rental market.
Key Highlights
- Four‑unit multifamily built in 1946, with four 1‑bedroom, 1‑bathroom apartments
- Each unit has separate electric meters
- On‑site parking included
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
$46,542
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
3.58%
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%
$930,840
$930.8K
Cap Rate 7%
$664,886
$664.9K
Cap Rate 9%
$517,133
$517.1K
Market Conditions
NOI Build-Up for 2,792 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
$70.4K $25.20/SF
− Vacancy
−$3.9K −$1.39/SF
EGI
$66.5K $23.81/SF
− OpEx
−$19.9K −$7.14/SF
NOI
$46.5K $16.67/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$25.20 /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%
$930,840
Cap Rate 7%
$664,886
Cap Rate 9%
$517,133
Alternative Uses
Best Use
Multifamily LT 5
$664.9K
$581.8K – $775.7K
NOI $46,542 @ 7.0% cap · market cap 3.58%
Second Best
Apartment 5plus
$613.4K
$536.7K – $715.7K
NOI $42,939 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,155 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,156
Businesses Nearby
Explore this area
Business Placement
Demographics for 33141, FL
35,995
Population
21,793
Households
1.7
Avg Household Size
44
Median Age
44%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
15,650
Density / Sq Mi
$64,457
Median Household Income
$36,899
Median Earnings
$1,739
Median Rent
$434,500
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 - Four one-bedroom units with separate electric meters and on-site parking, plus a recently updated bathroom unit.
Where is this quadplex located?
The property is located at 1730 Marseille Dr Miami Beach, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Four‑unit multifamily built in 1946, with four 1‑bedroom, 1‑bathroom apartments; Each unit has separate electric meters; On‑site parking included
