Remodeled Four-Unit
For Sale
$1,590,000
584 NW 30th Street, Miami, FL 33127
Four-unit income property with updated interiors, separate electric metering, and a completed 40-year certification.
Property Size2,816 SF
Price / SF$564.63
Days on Market171
Property Features for 584 NW 30th Street
General Information
Standard status
Active
Size
2,816 SF
Total Parking Spaces
5
Property subtype
Residential Income
Zoning
6107
Taxes and HOA fees
Annual Taxes
$15,242
Building Details
Building Size
2,816 SF
Year Built
1973
Stories
2
Listing Agency:
Beachfront Realty Inc
(305) 370-9365
Listed By:
Maytal Brosh · License #3267851
(305) 370-9365
Source:
Laerrealty
Added: Mar 13
Changed: Aug 29
Last Checked: Jul 4 at 5:11PM
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 Beachfront Realty Inc
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.
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 = 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
$56,476
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
3.55%
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%
$1,129,520
$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
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
$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 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%
$1,129,520
Cap Rate 7%
$806,800
Cap Rate 9%
$627,511
Alternative Uses
Best Use
Multifamily LT 5
$806.8K
$706.0K – $941.3K
NOI $56,476 @ 7.0% cap · market cap 3.55%
Second Best
Apartment 5plus
$743.2K
$650.3K – $867.0K
NOI $52,021 @ 7.0% cap · market cap 3.27%
Theoretical Best
Specialty Retail
$1.90M
$1.66M – $2.22M
NOI $133,057 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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-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 Street 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
