22-Unit Apartment
For Sale
Contact for pricing
465 E 30TH ST, Hialeah, FL 33013
Multifamily property with a varied unit mix, month-to-month occupancy, and on-site parking.
Property Size14,128 SF
Lot Size0.38 Acres
Price / SF$350.37
Days on Market55
Property Features for 465 E 30TH ST
General Information
Standard status
Active
Size
14,128 SF
Class
C
Total Parking Spaces
32
Lot size
0.38 Acres
Property subtype
Multifamily
Occupancy
100%
Investment Type
Value Add
Units
Unit Mix
14 x 1BR/1BA, 8 x 2BR/1BA
Multifamily Units
22
Building Details
Year Built
1968
Buildings
1
Stories
2
Units
22
Tenancy
Multi
Listing Agency:
Trustpoint realty
Listed By:
Nicholas Arias · License #3605601
(305) 200-0348
Source:
Crexi
Added: Aug 26
Changed: Oct 16
Last Checked: Oct 19 at 7:35AM
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 Trustpoint realty
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Investment Insights
Based on property information with market context.
This 22-unit apartment property was built in 1968 and includes 14 one-bedroom, one-bath residences alongside 8 two-bedroom, one-bath residences. Every unit is leased on a month-to-month basis, giving the ownership structure flexibility as leases are managed over time. Current rents are below market, while the property’s unit mix supports a range of renter needs.
The property is located at 465 E 30th St in Hialeah, Florida, with access to major roadways, employment centers, retail, and surrounding amenities. On-site parking totals 32 spaces. The roof was replaced in 2018, providing a documented capital improvement for the multifamily asset.
The property is located at 465 E 30th St in Hialeah, Florida, with access to major roadways, employment centers, retail, and surrounding amenities. On-site parking totals 32 spaces. The roof was replaced in 2018, providing a documented capital improvement for the multifamily asset.
Key Highlights
- 22 apartments: 14 one‑bedroom/one‑bath units and 8 two‑bedroom/one‑bath units
- All units leased on a month‑to‑month basis
- 32 on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$189,189
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,783,780
$3.8M
Cap Rate 7%
$2,702,700
$2.7M
Cap Rate 9%
$2,102,100
$2.1M
Market Conditions
NOI Build-Up for 14,128 SF
Gross rent
$367.9K $26.04/SF
− Vacancy
−$23.9K −$1.69/SF
EGI
$344.0K $24.35/SF
− OpEx
−$154.8K −$10.96/SF
NOI
$189.2K $13.39/SF
Area
Hialeah, FL
Vacancy
6.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,783,780
Cap Rate 7%
$2,702,700
Cap Rate 9%
$2,102,100
Alternative Uses
Best Use
Apartment 5plus
$2.70M
$2.36M – $3.15M
NOI $189,189 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.56M
$4.87M – $6.49M
NOI $389,255 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
22
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,524
Businesses Nearby
Explore this area
Business Placement
Demographics for 33013, FL
31,068
Population
9,544
Households
3.3
Avg Household Size
48
Median Age
18%
College-Educated
72%
High-School Grad
3.8 sq mi
ZIP Area
8,176
Density / Sq Mi
$57,242
Median Household Income
$32,566
Median Earnings
$1,488
Median Rent
$407,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with a varied unit mix, month-to-month occupancy, and on-site parking.
Where is this apartment building located?
The property is located at 465 E 30TH ST Hialeah, FL.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: 22 apartments: 14 one‑bedroom/one‑bath units and 8 two‑bedroom/one‑bath units; All units leased on a month‑to‑month basis; 32 on‑site parking spaces
