Four-Unit
For Sale
$1,099,000
3080 SW 1st St, Miami, FL 33135
Built in 1952, this multifamily property offers walkable access to restaurants, shops, transportation, and financial centers.
Property Size2,494 SF
Days on Market124
Property Features for 3080 SW 1st St
General Information
Standard status
Active
Size
2,494 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$9,827
Building Details
Building Size
2,494 SF
Year Built
1952
Stories
4
Listing Agency:
ABL Commercial Realty, LLC.
(305) 647-8805
Listed By:
Alberto Barrera · License #3375540
(305) 647-8805
Source:
Elliman
Added: Apr 29
Changed: Aug 29
Last Checked: Aug 29 at 9:44PM
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 ABL Commercial Realty, LLC.
Investment Insights
Based on property information with market context.
This four-unit multifamily property is located at 3080 SW 1st St in Miami, Florida. Constructed in 1952, the quadplex presents a residential income configuration in an established urban setting. The property information identifies potential flexibility for an owner-occupant or an investor, without specifying unit layouts or interior features.
The address is positioned minutes from Brickell, Downtown, Coral Gables, and Little Havana, with access to restaurants, shops, transportation, and financial centers. Walk Score is 84, categorized as Very Walkable; Bike Score is 55, categorized as Bikeable; and Transit Score is 45, categorized as Some Transit.
The address is positioned minutes from Brickell, Downtown, Coral Gables, and Little Havana, with access to restaurants, shops, transportation, and financial centers. Walk Score is 84, categorized as Very Walkable; Bike Score is 55, categorized as Bikeable; and Transit Score is 45, categorized as Some Transit.
Key Highlights
- Four‑unit quadplex at 3080 SW 1st St, Miami, FL 33135
- Constructed in 1952
- Minutes from Brickell, Downtown, Coral Gables, and Little Havana
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
$50,019
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
4.55%
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%
$1,000,380
$1.0M
Cap Rate 7%
$714,557
$714.6K
Cap Rate 9%
$555,767
$555.8K
Market Conditions
NOI Build-Up for 2,494 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
$76.3K $30.60/SF
− Vacancy
−$4.9K −$1.95/SF
EGI
$71.5K $28.65/SF
− OpEx
−$21.4K −$8.60/SF
NOI
$50.0K $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%
$1,000,380
Cap Rate 7%
$714,557
Cap Rate 9%
$555,767
Alternative Uses
Best Use
Multifamily LT 5
$714.6K
$625.2K – $833.7K
NOI $50,019 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$658.2K
$575.9K – $767.9K
NOI $46,073 @ 7.0% cap · market cap 4.19%
Theoretical Best
Specialty Retail
$1.68M
$1.47M – $1.96M
NOI $117,843 @ 7.0% cap · market cap 10.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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?
Quadplex - Built in 1952, this multifamily property offers walkable access to restaurants, shops, transportation, and financial centers.
Where is this quadplex located?
The property is located at 3080 SW 1st St Miami, FL.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Four‑unit quadplex at 3080 SW 1st St, Miami, FL 33135; Constructed in 1952; Minutes from Brickell, Downtown, Coral Gables, and Little Havana
