Concrete Duplex Near Coral
New
For Sale
$2,849,000
1620/1622 SW 30th Ave, Miami, FL 33145
Residential Income, Miami, FL
Property Size5,328 SF
Price / SF$534.72
Days on Market3
Property Features for 1620/1622 SW 30th Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
8
Full bathrooms
4
Half bathrooms
2
Rooms
Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 8, Bedroom 7, Bedroom 3, Bathroom 5, Bedroom 1, Bedroom 6, Bathroom 6, Bedroom 5
Parking
4
Subdivision
DOMI SUB
Lot features
< 1/4 Acre
Standard status
Active
APN
01-41-09-060-0010
Size
5,328 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
DOMI SUB PB 117-66 LOT 1 BLK 1 LOT SIZE 72.57 X 104.57 COC 25515-3915 04 2007 1
Tax Annual Amount
32706
Legal Description
DOMI SUB PB 117-66 LOT 1 BLK 1 LOT SIZE 72.57 X 104.57 COC 25515-3915 04 2007 1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2018
Floors in Building
2
Flooring type
Concrete
Building materials
Block
Roof type
Concrete
Listing Agency:
Keller Williams Miami Beach · Keller Williams Realty
(305) 735-6939
Listed By:
Kathrin Rein · License #3249771
(305) 695-1112
Added: Sep 6
Changed: Sep 7
Last Checked: Sep 8 at 6:06PM
MLS# A12072333
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Completed in 2018, this duplex contains two residences within a 5,328-square-foot property. The building uses block construction with concrete elements throughout, including concrete flooring and a concrete roof. Each residence includes living space, bedrooms, bathrooms, and private outdoor areas. Central heating and central air conditioning serve the property.
The address is in Miami near Coral Gables, with access to Coconut Grove, Brickell, Downtown Miami, major roadways, dining, shopping, and entertainment. Public sewer service is available, along with cable service. The eight-bedroom, six-bathroom configuration supports separate residential occupancy, an owner-user arrangement, or use by an extended household while maintaining distinct living spaces.
The address is in Miami near Coral Gables, with access to Coconut Grove, Brickell, Downtown Miami, major roadways, dining, shopping, and entertainment. Public sewer service is available, along with cable service. The eight-bedroom, six-bathroom configuration supports separate residential occupancy, an owner-user arrangement, or use by an extended household while maintaining distinct living spaces.
Key Highlights
- 2018‑built duplex with 5,328 square feet
- Two residences with eight bedrooms and six bathrooms
- Block construction with concrete flooring and a concrete roof
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
$106,856
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
3.75%
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%
$2,137,120
$2.1M
Cap Rate 7%
$1,526,514
$1.5M
Cap Rate 9%
$1,187,289
$1.2M
Market Conditions
NOI Build-Up for 5,328 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
$163.0K $30.60/SF
− Vacancy
−$10.4K −$1.95/SF
EGI
$152.7K $28.65/SF
− OpEx
−$45.8K −$8.60/SF
NOI
$106.9K $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 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%
$2,137,120
Cap Rate 7%
$1,526,514
Cap Rate 9%
$1,187,289
Alternative Uses
Best Use
Multifamily LT 5
$1.53M
$1.34M – $1.78M
NOI $106,856 @ 7.0% cap · market cap 3.75%
Second Best
Apartment 5plus
$1.41M
$1.23M – $1.64M
NOI $98,426 @ 7.0% cap · market cap 3.45%
Theoretical Best
Specialty Retail
$3.60M
$3.15M – $4.20M
NOI $251,750 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,164
Businesses Nearby
Explore this area
Business Placement
Demographics for 33145, FL
29,737
Population
12,773
Households
2.3
Avg Household Size
44
Median Age
42%
College-Educated
85%
High-School Grad
2.5 sq mi
ZIP Area
11,895
Density / Sq Mi
$70,592
Median Household Income
$43,039
Median Earnings
$1,769
Median Rent
$560,300
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?
Duplex - Two residences provide private outdoor areas and flexible options for occupancy, leasing, or extended-family living.
Where is this duplex located?
The property is located at 1620/1622 SW 30th Ave Miami, FL.
What is the asking price?
The asking price for this property is $2,849,000.
What are key features of this property?
This property features: 2018‑built duplex with 5,328 square feet; Two residences with eight bedrooms and six bathrooms; Block construction with concrete flooring and a concrete roof
