Detached Duplex with Two-Story
For Sale
Contact for pricing
1281 W 42nd St, Hialeah, FL 33012
Two separate residences provide spacious layouts, large kitchens, and dedicated laundry rooms in each unit.
Property Size4,540 SF
Price / SF$275.33
Days on Market275
Property Features for 1281 W 42nd St
General Information
Standard status
Active
Size
4,540 SF
Total Parking Spaces
8
Property subtype
Multifamily
Zoning
5400
Units
Unit Mix
2 x 4BR/2.5BA
Multifamily Units
2
Building Details
Year Built
1981
Buildings
2
Stories
2
Units
2
Listing Agency:
Compass Florida, LLC.
Listed By:
Miguel Salvat PA · License #3187065
Source:
Crexi
Added: Dec 1, 2025
Changed: Aug 30
Last Checked: Aug 30 at 2:05AM
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 Compass Florida, LLC.
Investment Insights
Based on property information with market context.
This detached duplex contains two separate residences within 4,540 square feet, with each unit arranged across two stories. Combined accommodations include 8 bedrooms, 4 full bathrooms, and 2 half bathrooms. Both residences feature large kitchens with extensive cabinetry and dedicated laundry rooms.
The upper level of each unit includes a private-entry suite with a living room, bedroom, oversized bathroom, and walk-in closet. The lower level contains three bedrooms and one and a half bathrooms. The property is located at 1281 W 42nd St in Hialeah, Florida, and was built in 1981. Zoning is identified as 5400.
The upper level of each unit includes a private-entry suite with a living room, bedroom, oversized bathroom, and walk-in closet. The lower level contains three bedrooms and one and a half bathrooms. The property is located at 1281 W 42nd St in Hialeah, Florida, and was built in 1981. Zoning is identified as 5400.
Key Highlights
- Detached duplex with two separate structures
- 4,540 square feet with 8 bedrooms
- Each unit offers a two‑story layout
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
$65,260
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
5.22%
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%
$1,305,200
$1.3M
Cap Rate 7%
$932,286
$932.3K
Cap Rate 9%
$725,111
$725.1K
Market Conditions
NOI Build-Up for 4,540 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
$100.8K $22.20/SF
− Vacancy
−$7.6K −$1.67/SF
EGI
$93.2K $20.54/SF
− OpEx
−$28.0K −$6.16/SF
NOI
$65.3K $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%
$1,305,200
Cap Rate 7%
$932,286
Cap Rate 9%
$725,111
Alternative Uses
Best Use
Multifamily LT 5
$932.3K
$815.8K – $1.09M
NOI $65,260 @ 7.0% cap · market cap 5.22%
Second Best
Apartment 5plus
$868.5K
$759.9K – $1.01M
NOI $60,795 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$1.79M
$1.56M – $2.08M
NOI $125,086 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,338
Businesses Nearby
Explore this area
Business Placement
Demographics for 33012, FL
70,260
Population
25,923
Households
2.7
Avg Household Size
48
Median Age
18%
College-Educated
72%
High-School Grad
5.9 sq mi
ZIP Area
11,908
Density / Sq Mi
$45,818
Median Household Income
$32,039
Median Earnings
$1,562
Median Rent
$355,600
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 separate residences provide spacious layouts, large kitchens, and dedicated laundry rooms in each unit.
Where is this duplex located?
The property is located at 1281 W 42nd St Hialeah, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Detached duplex with two separate structures; 4,540 square feet with 8 bedrooms; Each unit offers a two‑story layout
