Two-Building Multifamily
61 West 13th Street Hialeah, FL 33010
61 West 13th Street, Hialeah, FL, 33010
$2,375,000
For Sale
$2,375,000
For sale offering 8 total units across two buildings, with newer impact windows and 2-bed, 1-bath layouts.
Property Size6,776 SF
Price / SF$350.50
Days on Market1282
Property Features for 61 West 13th Street
General Information
- Standard status
- Active
- Size
- 6,776 SF
- Property subtype
- Commercial Sale / Multi Family
Building Details
- Year Built
- 1972
Listing Agency
Equator Realty
(305) 793-6430
Listed by
Roberto C Gonzalez · License #0620347
(305) 793-6430
Source
Compass
Added: Jan 13, 2023 Checked: Jul 18 at 2:29 am
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 Equator Realty
Investment Insights
Based on property information with market context.
This for-sale multifamily portfolio includes a total of 8 residential units across 2 separate buildings. Each unit is configured with 2 bedrooms and 1 bathroom, with an average unit size reported as 840 square feet. The property also features new impact windows.
The offering is located at 61 West 13th Street in Hialeah, FL. The current rent range is reported as $2,000 to $2,100 per unit. Buyers should not disturb tenants, and viewing is permitted from outside.
The seller will cooperate with a 1031 exchange. All offers will be presented, and the property has been reduced in price.
The offering is located at 61 West 13th Street in Hialeah, FL. The current rent range is reported as $2,000 to $2,100 per unit. Buyers should not disturb tenants, and viewing is permitted from outside.
The seller will cooperate with a 1031 exchange. All offers will be presented, and the property has been reduced in price.
Key Highlights
- 8‑unit multifamily property in 2 buildings in Hialeah
- All units have 2 bedrooms and 1 bathroom
- Average unit size is 840 SF
Local Financial Insights For Apartment 5plus
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 | $176.4k | $26.04 |
| − Vacancy | −$11.5k | −$1.69 |
| EGI | $165.0k | $24.35 |
| − OpEx | −$74.2k | −$10.96 |
| NOI | $90.7k | $13.39 |
6,776 SF · lease $26.04/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.30M
$1.13M – $1.51M
NOI $90,738 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.67M
$2.33M – $3.11M
NOI $186,692 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
MICHAEL RODRIGUEZ
Marketing & Advertising
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - For sale offering 8 total units across two buildings, with newer impact windows and 2-bed, 1-bath layouts.
Where is this apartment building located?
The property is located at 61 West 13th Street Hialeah, FL.
What is the asking price?
The asking price for this property is $2,375,000.
What are key features of this property?
This property features: 8‑unit multifamily property in 2 buildings in Hialeah; All units have 2 bedrooms and 1 bathroom; Average unit size is 840 SF
