Four-Unit Quadplex with Central
For Sale
$1,250,000
Pending
430 SW 10th Ave, Homestead, FL 33030
MULTI_FAMILY - Other - Homestead, FL
Property Size4,248 SF
Days on Market40
Property Features for 430 SW 10th Ave
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
1900
Bedrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 1
Parking
8
Subdivision
ROOSEVELT HOMESITES
Lot features
<1 Acre
Directions
Please use GPS
Standard status
Pending
APN
10-78-13-054-0810
Size
4,248 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
13 57 38 .65 AC ROOSEVELT HOMESITES PB 44-35 LOTS 18 THRU 22 INC BLK 5 LOT SIZE 32676 SQ FT OR 12926-2631/21612-4174 0286 4 COC 22528-4639 0
Tax Annual Amount
14677
Legal Description
13 57 38 .65 AC ROOSEVELT HOMESITES PB 44-35 LOTS 18 THRU 22 INC BLK 5 LOT SIZE 32676 SQ FT OR 12926-2631/21612-4174 0286 4 COC 22528-4639 0
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Amenities
washer/dryer hookups
Building Details
Year built
1987
Floors in Building
1
Flooring type
Vinyl, Tile
Building materials
Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
South Florida Real Estate Grp
(305) 254-4545
Listed By:
Valentina Verdia · License #3512870
(954) 817-9381
Added: Jul 18
Changed: Aug 14
Last Checked: Aug 26 at 1:06PM
MLS# A12018369
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.
This four-unit quadplex is configured as two duplexes with four occupied units, each offering three bedrooms and 1.5 bathrooms, plus a kitchen and family room. Interior finishes include vinyl and tile flooring. Units also have washer/dryer hookups, and the property includes ample parking. The building is block constructed, with central heating, central air, and a shingle roof; the property was built in 1987.
The property is located at 430 SW 10th Ave in Homestead, in Miami-Dade County. It ties into public sewer service, with cable available. It is positioned near Historic Downtown Homestead, major transit corridors, schools, and shopping.
In addition to the existing improvements, the property includes approximately 16,000 SF of additional land. There is conceptual potential for up to three 5,000 SF single-family lots, subject to buyer verification and approval by the City of Homestead.
The property is located at 430 SW 10th Ave in Homestead, in Miami-Dade County. It ties into public sewer service, with cable available. It is positioned near Historic Downtown Homestead, major transit corridors, schools, and shopping.
In addition to the existing improvements, the property includes approximately 16,000 SF of additional land. There is conceptual potential for up to three 5,000 SF single-family lots, subject to buyer verification and approval by the City of Homestead.
Key Highlights
- Two duplexes with four occupied units, each featuring three bedrooms and 1.5 bathrooms
- Block construction quadplex built in 1987
- Central heating and central air
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
$70,813
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%
$1,416,260
$1.4M
Cap Rate 7%
$1,011,614
$1.0M
Cap Rate 9%
$786,811
$786.8K
Market Conditions
NOI Build-Up for 4,248 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
$107.0K $25.20/SF
− Vacancy
−$5.9K −$1.39/SF
EGI
$101.2K $23.81/SF
− OpEx
−$30.3K −$7.14/SF
NOI
$70.8K $16.67/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$25.20 /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%
$1,416,260
Cap Rate 7%
$1,011,614
Cap Rate 9%
$786,811
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$885.2K – $1.18M
NOI $70,813 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$933.3K
$816.6K – $1.09M
NOI $65,331 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$2.16M
$1.89M – $2.51M
NOI $150,863 @ 7.0% cap · market cap 12.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
760
Businesses Nearby
Explore this area
Business Placement
Demographics for 33030, FL
36,776
Population
11,217
Households
3.3
Avg Household Size
33
Median Age
15%
College-Educated
61%
High-School Grad
17.6 sq mi
ZIP Area
2,090
Density / Sq Mi
$43,231
Median Household Income
$28,214
Median Earnings
$1,307
Median Rent
$382,200
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 - Four occupied units in a block-built quadplex, each with 3 bedrooms and 1.5 baths; central air.
Where is this quadplex located?
The property is located at 430 SW 10th Ave Homestead, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two duplexes with four occupied units, each featuring three bedrooms and 1.5 bathrooms; Block construction quadplex built in 1987; Central heating and central air
