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Multifamily Income Property with Impact Windows

14923 SW 302nd Ter Homestead, FL 33033

14923 SW 302nd Ter, Homestead, FL, 33033
$699,999
Pending
For Sale
Claim this Listing
$699,999
Pending

MULTI_FAMILY - Other - Homestead, FL

Property Size2,230 SF
AddedMay 22
Days on Market54
Last RefreshJul 14 at 2:06 pm

Property Features for 14923 SW 302nd Ter

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Rooms
Bedroom 1, Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 3, Bathroom 4, Bedroom 2, Bathroom 1, Bedroom 4, Bathroom 3
Parking
6
Standard status
Pending
APN
30-79-09-015-0310
Size
2,230 SF

Taxes and HOA fees

Tax Year
2024
Tax Description
PALMLAND HOMES SO #5 PB 89-48 LOT 3 BLK 15 LOT SIZE 75.000 X 100 OR 20730-4279 102002 1 COC 23266-3740 04 2005 1
Tax Annual Amount
6322

Utilities

Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public

Building Details

Year built
1970
Floors in Building
1
Flooring type
Tile
Building materials
Wood Siding
Roof type
Shingle
Architectural style
Other

Listing agent Jacqueline Diaz License #3168754

Listing office Prestige Properties Internatio 13450 SW 126 ST. Suite 12, MIAMI, FL

Listing date May 22, 2026

MLS# A11837142 Listing URL

Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This multifamily property offers an income-producing residential layout and practical, tenant-friendly features, including impact windows. The roof is approximately four years old, and the air conditioning system is about three years old, supporting day-to-day reliability.

On the exterior, the property provides six parking spaces plus two additional street parking spots, helping accommodate resident vehicles and visitors. It is located in Homestead, within Miami-Dade County.

For buyers seeking a residential income setup, this property’s updated roof, impact windows, and relatively recent HVAC are key considerations when evaluating ongoing building maintenance. The parking configuration also supports day-to-day convenience for occupants and can simplify turnover and move-in logistics. If you’re evaluating multifamily options in the Homestead area, this one is structured as an income-focused asset and should be reviewed for fit with your rental or owner-occupant plan.

Key Highlights

  • Multifamily property in Homestead, FL, in a quiet, family‑friendly neighborhood
  • Roof is shingle; roof is about 4 years old
  • 3 years old air conditioning with central cooling plus ceiling fans

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $56.2k $25.20
− Vacancy −$3.1k −$1.39
EGI $53.1k $23.81
− OpEx −$15.9k −$7.14
NOI $37.2k $16.67
2,230 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$531.1K
$464.7K – $619.6K (±1% cap)
NOI $37,174 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$489.9K
$428.7K – $571.6K (±1% cap)
NOI $34,296 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$1.13M
$990.0K – $1.32M (±1% cap)
NOI $79,196 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Law Firm Real Estate Agency Spa & Massage Center Hair Salon Gym & Fitness Center Garden Center Auto Parts Store Big Box & Wholesale Store Building Supply Electrical Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Well-maintained multifamily with impact windows, newer roof and AC, plus on-site and street parking for residents and guests.
Where is this duplex located?
The property is located at 14923 SW 302nd Ter Homestead, FL.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: Multifamily property in Homestead, FL, in a quiet, family‑friendly neighborhood; Roof is shingle; roof is about 4 years old; 3 years old air conditioning with central cooling plus ceiling fans
Contact an agent
More about this property
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