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 Market10
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: Sep 1
Last Checked: Sep 1 at 9:40PM
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
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 = 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
$189,189
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
3.82%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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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
