Building Details

Building Size 2,816 SF

Year Built 1973

Listing Agency: Beachfront Realty Inc

Listed By: Maytal Brosh · License #3267851 Show Phone

Source: Casacollectiongroup

Added: Mar 10 Changed: Oct 13 Last Checked: Oct 13 at 12:01AM

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Investment Insights

Based on property information with market context.

This remodeled quadplex at 584 Northwest 30th Street contains four residential units totaling 2,816 square feet. Each unit offers two bedrooms and one bathroom, with updated kitchens and spacious layouts. The property was built in 1973, and the roof is reported in good condition.

All four units are currently rented. Each apartment has a separate electric meter, while tenants pay water, FPL, and yard maintenance. A short-term rental/Airbnb license is in process, and the property has completed its 40-year certification. The address is in Miami’s Wynwood neighborhood, near restaurants and boutiques.

Key Highlights

• Four‑unit quadplex with 2,816 SF of total property size
• Each unit includes 2 bedrooms and 1 bathroom
• Built in 1973 with remodeled interiors and updated kitchens

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$56,476

Cap Rate

3.55%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,129,520 $1.1M

Cap Rate 7%

$806,800 $806.8K

Cap Rate 9%

$627,511 $627.5K

Market Conditions

NOI Build-Up for 2,816 SF

Gross rent

$86.2K $30.60/SF

− Vacancy

−$5.5K −$1.95/SF

EGI

$80.7K $28.65/SF

− OpEx

−$24.2K −$8.60/SF

NOI

$56.5K $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 Rate 5%

$1,129,520

Cap Rate 7%

$806,800

Cap Rate 9%

$627,511

Alternative Uses

Best Use

Multifamily LT 5

$806.8K

$706.0K – $941.3K (±1% cap)

NOI $56,476 @ 7.0% cap · market cap 3.55%

Second Best

Apartment 5plus

$743.2K

$650.3K – $867.0K (±1% cap)

NOI $52,021 @ 7.0% cap · market cap 3.27%

Theoretical Best

Specialty Retail

$1.90M

$1.66M – $2.22M (±1% cap)

NOI $133,057 @ 7.0% cap · market cap 8.37%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Adult Day Care Buffet Nursing Home Veterinary Clinic Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this quadplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Quadplex - Four-unit income property with updated interiors, separate electric metering, and a completed 40-year certification.

Where is this quadplex located?

The property is located at 584 NW 30th St Miami, FL.

What is the asking price?

The asking price for this property is $1,590,000.

What are key features of this property?

This property features: Four‑unit quadplex with 2,816 SF of total property size; Each unit includes 2 bedrooms and 1 bathroom; Built in 1973 with remodeled interiors and updated kitchens