Four-Unit Multifamily
New
For Sale
$1,545,000
550 NW 30th St, Miami, FL 33127
A separate furnished single-family residence is also leased to a short-term rental operator.
Property Size3,319 SF
Price / SF$465.50
Days on Market4
Property Features for 550 NW 30th St
General Information
Standard status
Active
Size
3,319 SF
Property subtype
Quadruplex
Taxes and HOA fees
Annual Taxes
$19,488
Building Details
Building Size
3,319 SF
Year Built
1930
Listing Agency:
BZG International, LLC
Listed By:
Uccio Zecchini · License #3219617
(305) 796-2271
Source:
Casacollectiongroup
Added: Sep 28
Changed: Sep 30
Last Checked: Sep 30 at 1:27PM
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 BZG International, LLC
Investment Insights
Based on property information with market context.
This multifamily property in Wynwood Norte comprises two buildings: one with four one-bedroom apartments and a separate furnished four-bedroom house. The apartments are fully leased, and the house is leased to a short-term rental operator. The property was built in 1930 and is zoned T5-L, which allows for redevelopment with up to 22 residential units or 43 hotel units.
Key Highlights
- Four fully leased one‑bedroom apartments
- Separate furnished four‑bedroom house leased to a short‑term rental operator
- T5‑L zoning allows redevelopment with up to 22 residential units or 43 hotel units
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
$66,564
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
4.31%
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%
$1,331,280
$1.3M
Cap Rate 7%
$950,914
$950.9K
Cap Rate 9%
$739,600
$739.6K
Market Conditions
NOI Build-Up for 3,319 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
$101.6K $30.60/SF
− Vacancy
−$6.5K −$1.95/SF
EGI
$95.1K $28.65/SF
− OpEx
−$28.5K −$8.60/SF
NOI
$66.6K $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%
$1,331,280
Cap Rate 7%
$950,914
Cap Rate 9%
$739,600
Alternative Uses
Best Use
Multifamily LT 5
$950.9K
$832.1K – $1.11M
NOI $66,564 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$875.9K
$766.4K – $1.02M
NOI $61,313 @ 7.0% cap · market cap 3.97%
Theoretical Best
Specialty Retail
$2.24M
$1.96M – $2.61M
NOI $156,824 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,003
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - A separate furnished single-family residence is also leased to a short-term rental operator.
Where is this multifamily property located?
The property is located at 550 NW 30th St Miami, FL.
What is the asking price?
The asking price for this property is $1,545,000.
What are key features of this property?
This property features: Four fully leased one‑bedroom apartments; Separate furnished four‑bedroom house leased to a short‑term rental operator; T5‑L zoning allows redevelopment with up to 22 residential units or 43 hotel units
