Multifamily Investment
For Sale
$5,300,000
140 SW 30th Court, 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
Price / SF$640.87
Days on Market13
Property Features for 140 SW 30th Court
General Information
Standard status
Active
Size
8,270 SF
Total Parking Spaces
18
Property subtype
Multi Family
Additional Details
Multifamily Units
18
Amenities
private backyard space
Building Details
Year Built
1953
Listing Agency:
Douglas Elliman
(305) 695-6060
Listed By:
Miguel J Solis · License #0624178
Source:
Lehmannflorida
Added: Jul 25
Changed: Jul 28
Last Checked: Aug 5 at 4:52AM
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 For Apartment 5plus
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 | $297.7k | $36.00 |
| − Vacancy | −$19.9k | −$2.41 |
| EGI | $277.8k | $33.59 |
| − OpEx | −$125.0k | −$15.11 |
| NOI | $152.8k | $18.47 |
8,270 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
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
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 Court 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
