Two-Story Duplex
For Sale
$525,000
Pending
351 E 14th St, Hialeah, FL 33010
MULTI_FAMILY - Hialeah, FL
Property Size1,488 SF
Days on Market83
Property Features for 351 E 14th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5400
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 1
Parking
4
Subdivision
TOWN OF HIALEAH 1 ADDN AM
Lot features
< 1/4 Acre
Standard status
Pending
APN
04-31-18-003-4860
Size
1,488 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
1ST ADD TO TOWN OF HIALEAH AMD PB 5-122 LOT 18 BLK 90 LOT SIZE 50.000 X 135 OR 9601 1128
Tax Annual Amount
8747
Legal Description
1ST ADD TO TOWN OF HIALEAH AMD PB 5-122 LOT 18 BLK 90 LOT SIZE 50.000 X 135 OR 9601 1128
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Wall/Window Unit(s), Window Unit(s)
Building Details
Year built
1948
Floors in Building
2
Flooring type
Hardwood, Wood
Building materials
Block
Roof type
Shingle
Listing Agency:
Florida Capital Realty
(786) 953-5870
Listed By:
Kurt Lopez PA · License #3299646
(305) 401-2163
Added: May 27
Changed: Aug 6
Last Checked: Aug 17 at 5:06PM
MLS# A12013905
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 two-story duplex offers an upper unit and a lower unit, with both units configured as 2 bedrooms and 1 bath. The property is constructed with block and features wood/hardwood flooring. Heating is provided by wall furnace, and cooling is provided via window and wall/window units. The roof is shingle, and the home is served by public sewer, with cable available.
The property is located at 351 E 14th St in Hialeah, Florida (Miami-Dade County). The offering is part of a probate and is subject to court approval.
For buyers evaluating a rental opportunity or an owner-occupant plan, this layout provides two separate units within a single duplex structure, each with the same bedroom and bath count.
The property is located at 351 E 14th St in Hialeah, Florida (Miami-Dade County). The offering is part of a probate and is subject to court approval.
For buyers evaluating a rental opportunity or an owner-occupant plan, this layout provides two separate units within a single duplex structure, each with the same bedroom and bath count.
Key Highlights
- Upper and lower units in a two‑story duplex layout
- Both units are 2 bedrooms and 1 bath
- Block construction and shingle roof
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
$21,389
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
4.07%
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%
$427,780
$427.8K
Cap Rate 7%
$305,557
$305.6K
Cap Rate 9%
$237,656
$237.7K
Market Conditions
NOI Build-Up for 1,488 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
$33.0K $22.20/SF
− Vacancy
−$2.5K −$1.67/SF
EGI
$30.6K $20.54/SF
− OpEx
−$9.2K −$6.16/SF
NOI
$21.4K $14.37/SF
Area
Hialeah, FL
Vacancy
7.50%
Lease Rate
$22.20 /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%
$427,780
Cap Rate 7%
$305,557
Cap Rate 9%
$237,656
Alternative Uses
Best Use
Multifamily LT 5
$305.6K
$267.4K – $356.5K
NOI $21,389 @ 7.0% cap · market cap 4.07%
Second Best
Apartment 5plus
$284.7K
$249.1K – $332.1K
NOI $19,926 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$585.7K
$512.5K – $683.3K
NOI $40,997 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,627
Businesses Nearby
Explore this area
Business Placement
Demographics for 33010, FL
43,902
Population
16,456
Households
2.7
Avg Household Size
48
Median Age
20%
College-Educated
71%
High-School Grad
4.3 sq mi
ZIP Area
10,210
Density / Sq Mi
$45,449
Median Household Income
$30,466
Median Earnings
$1,318
Median Rent
$346,500
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?
Duplex - Two-story duplex with two 2-bedroom, 1-bath units, built with block construction and served by public sewer.
Where is this duplex located?
The property is located at 351 E 14th St Hialeah, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Upper and lower units in a two‑story duplex layout; Both units are 2 bedrooms and 1 bath; Block construction and shingle roof
