Residential Income
For Sale
$800,000
Pending
333 SW 30th Ave, Miami, FL 33135
For sale duplex/multifamily residential income property at 333 SW 30th Ave in Miami, FL.
Property Size2,231 SF
Days on Market63
Property Features for 333 SW 30th Ave
General Information
Standard status
Pending
Size
2,231 SF
Property subtype
Duplex
Amenities
Features: Less Than 1/4 Acre Lot
Roof: Other
Sewer: Public Sewer
Parcel Number: 01-41-04-033-0191, Tax Annual Amount: $11,977, Tax Legal Description: HOUSTON HEIGHTS PB 3-215 LOT 27 & E12FT OF LOT 26 LOT SIZE IRREGULAR, Tax Year: 2025
Flooring: Tile
Cooling: Central Air, Wall/Window Unit(s)
Heating: Central
Rent Includes: Trash Collection, Standard Status: Active Under Contract
Parking Total: 2
Living Area: 2231, Architectural Style: Detached, Construction Materials: CBS Construction, Stories: 1, Year Built: 1947, Year Built Details: Resale, Building Area Total: 2302, Building Name: HOUSTON HEIGHTS, Structure Type: Duplex
County Or Parish: Miami-Dade County, MLS Area Major: Houston Heights, Subdivision Name: HOUSTON HEIGHTS
Leasable Area Units: Square Feet
Units In Community: 2
Possession: Other
Building Details
Year Built
1947
Listing Agency:
RE/MAX Advance Realty II
(305) 807-9079
Listed By:
Anthony Askowitz · License #550119
(305) 807-9079
Source:
Riserealty
Added: Jul 2
Changed: Aug 8
Last Checked: Jul 23 at 5:42AM
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 RE/MAX Advance Realty II
Investment Insights
Based on property information with market context.
This for-sale residential income property is identified as a duplex/multifamily offering and includes approximately 2,231 square feet of total building area. It presents a straightforward income-focused configuration as listed, making it suitable for buyers evaluating multi-unit residential ownership.
The property is located at 333 SW 30th Ave in Miami, Florida (33135). Access and surrounding context are best confirmed during due diligence, as no additional site specifics were provided in the listing information.
All information above is based on the property data supplied, including the recorded property types and approximate building size.
The property is located at 333 SW 30th Ave in Miami, Florida (33135). Access and surrounding context are best confirmed during due diligence, as no additional site specifics were provided in the listing information.
All information above is based on the property data supplied, including the recorded property types and approximate building size.
Key Highlights
- Duplex/multifamily income property for sale at 333 SW 30th Ave, Miami, FL
- Built in 1947
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
$44,744
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
5.59%
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%
$894,880
$894.9K
Cap Rate 7%
$639,200
$639.2K
Cap Rate 9%
$497,156
$497.2K
Market Conditions
NOI Build-Up for 2,231 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
$68.3K $30.60/SF
− Vacancy
−$4.3K −$1.95/SF
EGI
$63.9K $28.65/SF
− OpEx
−$19.2K −$8.60/SF
NOI
$44.7K $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%
$894,880
Cap Rate 7%
$639,200
Cap Rate 9%
$497,156
Alternative Uses
Best Use
Multifamily LT 5
$639.2K
$559.3K – $745.7K
NOI $44,744 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$588.8K
$515.2K – $686.9K
NOI $41,214 @ 7.0% cap · market cap 5.15%
Theoretical Best
Specialty Retail
$1.51M
$1.32M – $1.76M
NOI $105,416 @ 7.0% cap · market cap 13.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,228
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?
Duplex - For sale duplex/multifamily residential income property at 333 SW 30th Ave in Miami, FL.
Where is this duplex located?
The property is located at 333 SW 30th Ave Miami, FL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Duplex/multifamily income property for sale at 333 SW 30th Ave, Miami, FL; Built in 1947
