Multifamily Investment
For Sale
$5,300,000
140 SW 30th Ct, Miami, FL 33135
Flagler Villas is a well-maintained multifamily asset with 18 first-floor 1-bedroom units and dedicated parking spaces.
Property Size8,270 SF
Days on Market34
Property Features for 140 SW 30th Ct
General Information
Standard status
Active
Size
8,270 SF
Total Parking Spaces
18
Property subtype
Commercial
Additional Details
Multifamily Units
18
Amenities
private backyard space
Building Details
Building Size
8,270 SF
Year Built
1953
Stories
1
Listing Agency:
Douglas Elliman
(305) 343-9554
Listed By:
Miguel Solis PA · License #0624178
(305) 343-9554
Source:
Elliman
Added: Jul 27
Changed: Aug 24
Last Checked: Aug 28 at 4:29PM
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.
Flagler Villas is a well-maintained multifamily property featuring 18 first-floor units. Each unit offers 1 bedroom and 1 bathroom, with a layout that includes a living room, dining area, galley-style kitchen, a large bedroom, and a private backyard space. Every unit is assigned a dedicated parking space, supporting tenant convenience on-site.
The property is located just off West Flagler Street and SW 30th Avenue in Miami, with showings by appointment only and a note to not disturb tenants. The offering is described as having consistently high occupancy with little to no vacancy.
For buyers considering redevelopment, an adjacent fourplex at 3080 SW 1st Street is also available for purchase. The combined opportunity is presented as offering additional redevelopment potential, with a total land area described in the remarks.
The property is located just off West Flagler Street and SW 30th Avenue in Miami, with showings by appointment only and a note to not disturb tenants. The offering is described as having consistently high occupancy with little to no vacancy.
For buyers considering redevelopment, an adjacent fourplex at 3080 SW 1st Street is also available for purchase. The combined opportunity is presented as offering additional redevelopment potential, with a total land area described in the remarks.
Key Highlights
- Multifamily property built in 1953 with 18 first‑floor units
- All units are 1 bedroom and 1 bathroom with a living room, dining area, and galley‑style kitchen
- Each unit includes a private backyard space and dedicated parking space
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
$152,775
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
2.88%
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%
$3,055,500
$3.1M
Cap Rate 7%
$2,182,500
$2.2M
Cap Rate 9%
$1,697,500
$1.7M
Market Conditions
NOI Build-Up for 8,270 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
$297.7K $36.00/SF
− Vacancy
−$19.9K −$2.41/SF
EGI
$277.8K $33.59/SF
− OpEx
−$125.0K −$15.11/SF
NOI
$152.8K $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 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%
$3,055,500
Cap Rate 7%
$2,182,500
Cap Rate 9%
$1,697,500
Alternative Uses
Best Use
Apartment 5plus
$2.18M
$1.91M – $2.55M
NOI $152,775 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.58M
$4.88M – $6.51M
NOI $390,761 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18
Residential units
Location Intelligence
Trade Area within ½ mile
2,487
Businesses Nearby
Explore this area
Business Placement
Demographics for 33135, FL
36,232
Population
15,922
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
70%
High-School Grad
2.1 sq mi
ZIP Area
17,253
Density / Sq Mi
$37,757
Median Household Income
$28,850
Median Earnings
$1,315
Median Rent
$396,700
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?
Apartment building - Flagler Villas is a well-maintained multifamily asset with 18 first-floor 1-bedroom units and dedicated parking spaces.
Where is this apartment building located?
The property is located at 140 SW 30th Ct Miami, FL.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: Multifamily property built in 1953 with 18 first‑floor units; All units are 1 bedroom and 1 bathroom with a living room, dining area, and galley‑style kitchen; Each unit includes a private backyard space and dedicated parking space
