2395 NW 30th St, Miami, FL 33142

Investor’s Dream or Savvy Homeowner Opportunity in Miami’s Dynamic Allapattah!

Unlock significant income potential with this expansive 6-bedroom, 2-bathroom multi-family residence located at 2395 NW 30th St in the rapidly appreciating Allapattah neighborhood of Miami. Boasting a substantial 2,988 sqft of living space, this property, built in 1949, offers a rare chance to capitalize on Miami’s robust rental market or enjoy spacious multi-generational living.

This versatile property presents a unique opportunity for both seasoned investors and owner-occupants looking to offset their mortgage with rental income. Multi-family properties in Miami offer numerous advantages, including enhanced cash flow, potential for appreciation, tax benefits, and easier management compared to scattered single-family units.

The current configuration suggests it may be a duplex, with one unit possibly offering 3 bedrooms and 1 bath on the lower level (with a large family room, living, dining, and open kitchen), and a completely updated second unit (also with 3 bedrooms and 1 bath) on the upper level, featuring a new open kitchen, wood cabinets, white appliances, and a bright Florida room. This setup, complete with a large covered terrace and open tropical pool area, makes it highly desirable for tenants or multiple families.

Location, Location, Location! Situated in the heart of Allapattah, this property is just minutes from Miami’s burgeoning Medical District, the vibrant Wynwood Arts District, and the dynamic Downtown Miami. Its central location provides easy access to major highways (I-95, 395, 195), making commutes to Brickell, Midtown, and the Miami International Airport a breeze. The neighborhood itself is known for being “very walkable,” with many local shops, restaurants, and public transportation options readily available, including Metrobus routes that connect throughout Miami-Dade County. Local residents praise the area for its liveliness and convenient access to daily necessities.

Market Insights for Investors: The Miami real estate market in the 33142 zip code is currently leaning towards a buyer’s market, with homes staying on the market longer and a higher percentage selling below asking price. This signals a favorable environment for negotiation and a potentially strong deal. While the overall median sold price in 33142 has increased by 10.3% year-over-year as of May 2025, 5-bedroom homes have seen an even more robust 10.6% increase, underscoring the demand for larger properties.

For multi-family properties specifically, Miami is experiencing a strong rental demand with attractive rental yields. While specific rental income ranges for 6-bedroom multi-family homes can vary significantly based on configuration and updates, the average rent for all property types in Miami is around $3,250/month. A property of this size and potential, especially if configured as two units, could generate substantial rental income. Some fully renovated duplexes in the area are projected to gross $4,700/month as long-term rentals, with even higher potential for short-term rentals.

With an estimated refinance payment of approximately $6,414/month, this property offers a compelling investment proposition with significant cash flow potential once rented. The opportunity to acquire a substantial multi-family asset in a growing Miami neighborhood at a competitive price makes this a standout offering.