Income-Producing Duplex
For Sale
$775,000
2275 NW 30th Street, Miami, FL 33142
Duplex with a rented 1-bedroom unit, a larger 4-bedroom main home, plus RV and boat lease income on-site.
Property Size2,190 SF
Days on Market106
Property Features for 2275 NW 30th Street
General Information
Standard status
Active
Size
2,190 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,901
Building Details
Building Size
2,190 SF
Year Built
1935
Tenancy
Multi
Listing Agency:
Modern World Realty
Listed By:
John A. Mena · License #3277370
(305) 903-9158
Source:
Silverleafrealtygroup
Added: May 27
Changed: Sep 2
Last Checked: Sep 8 at 11:53AM
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 Modern World Realty
Investment Insights
Based on property information with market context.
This income-producing duplex includes a spacious main residence with 4 bedrooms and 3.5 bathrooms, along with a separate 1-bedroom, 1-bath unit. The smaller unit is currently rented for $2,300 per month. Per the owner, the property is generating $7,900 per month in total income, and the main home has stated rental potential of over $4,750 per month.
The property also includes a rentable RV setup and two boat lease spaces, providing additional sources of monthly income alongside the residential units. The asset is located in Miami.
For investors, this configuration combines two residential income streams with on-site ancillary RV and boat lease revenue. For owner-occupants, the duplex design supports living in the larger home while renting the separate 1-bedroom unit. With the main residence sized for a multi-bedroom household and the separate unit already in place as a leased component, the property can fit buyers seeking an operator-style setup with multiple income lines supported by the current reported performance.
The property also includes a rentable RV setup and two boat lease spaces, providing additional sources of monthly income alongside the residential units. The asset is located in Miami.
For investors, this configuration combines two residential income streams with on-site ancillary RV and boat lease revenue. For owner-occupants, the duplex design supports living in the larger home while renting the separate 1-bedroom unit. With the main residence sized for a multi-bedroom household and the separate unit already in place as a leased component, the property can fit buyers seeking an operator-style setup with multiple income lines supported by the current reported performance.
Key Highlights
- Duplex built in 1935 with income‑producing separate living units plus on‑site RV and boat lease income
- Main home offers 4 bedrooms and 3.5 bathrooms with rental potential of over $4,750 per month
- Separate 1‑bedroom, 1‑bath unit is currently rented for $2,300 per month
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
$43,922
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
5.67%
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%
$878,440
$878.4K
Cap Rate 7%
$627,457
$627.5K
Cap Rate 9%
$488,022
$488.0K
Market Conditions
NOI Build-Up for 2,190 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
$67.0K $30.60/SF
− Vacancy
−$4.3K −$1.95/SF
EGI
$62.7K $28.65/SF
− OpEx
−$18.8K −$8.60/SF
NOI
$43.9K $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%
$878,440
Cap Rate 7%
$627,457
Cap Rate 9%
$488,022
Alternative Uses
Best Use
Multifamily LT 5
$627.5K
$549.0K – $732.0K
NOI $43,922 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$578.0K
$505.7K – $674.3K
NOI $40,457 @ 7.0% cap · market cap 5.22%
Theoretical Best
Specialty Retail
$1.48M
$1.29M – $1.72M
NOI $103,478 @ 7.0% cap · market cap 13.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,165
Businesses Nearby
Explore this area
Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
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 - Duplex with a rented 1-bedroom unit, a larger 4-bedroom main home, plus RV and boat lease income on-site.
Where is this duplex located?
The property is located at 2275 NW 30th Street Miami, FL.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Duplex built in 1935 with income‑producing separate living units plus on‑site RV and boat lease income; Main home offers 4 bedrooms and 3.5 bathrooms with rental potential of over $4,750 per month; Separate 1‑bedroom, 1‑bath unit is currently rented for $2,300 per month
