Duplex with Vehicle
For Sale
$769,000
141 E 16th Street, Hialeah, FL 33010
Partially updated duplex with gated access and current occupancy across both units.
Property Size2,608 SF
Days on Market11
Property Features for 141 E 16th Street
General Information
Standard status
Active
Size
2,608 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,561
Amenities
electric gate
commercial vehicle parking
Building Details
Building Size
2,608 SF
Year Built
1949
Buildings
1
Listing Agency:
Julies Realty, LLC
(786) 218-1551
Listed By:
Sisy Moya · License #3354534
(786) 218-1551
Source:
Silverleafrealtygroup
Added: Aug 23
Changed: Sep 2
Last Checked: Aug 31 at 9:24PM
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 Julies Realty, LLC
Investment Insights
Based on property information with market context.
This duplex at 141 E 16th Street includes two units with a combined 5 bedrooms and 3 bathrooms. The property has received partial updates and is secured by an electric gate. Both units are currently occupied, with the option to deliver the property vacant at closing.
The property is situated in an industrial-zoned area that permits commercial vehicle parking, providing an additional use feature for business owners or occupants with work vehicles. Its Hialeah location is near major roadways, shopping, and employment hubs.
The property is situated in an industrial-zoned area that permits commercial vehicle parking, providing an additional use feature for business owners or occupants with work vehicles. Its Hialeah location is near major roadways, shopping, and employment hubs.
Key Highlights
- Duplex with 5 total bedrooms and 3 bathrooms
- Both units currently occupied
- Option to deliver vacant at closing
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
$37,489
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
4.88%
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%
$749,780
$749.8K
Cap Rate 7%
$535,557
$535.6K
Cap Rate 9%
$416,544
$416.5K
Market Conditions
NOI Build-Up for 2,608 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
$57.9K $22.20/SF
− Vacancy
−$4.3K −$1.67/SF
EGI
$53.6K $20.54/SF
− OpEx
−$16.1K −$6.16/SF
NOI
$37.5K $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%
$749,780
Cap Rate 7%
$535,557
Cap Rate 9%
$416,544
Alternative Uses
Best Use
Multifamily LT 5
$535.6K
$468.6K – $624.8K
NOI $37,489 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$498.9K
$436.6K – $582.1K
NOI $34,924 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$1.03M
$898.2K – $1.20M
NOI $71,856 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,962
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 - Partially updated duplex with gated access and current occupancy across both units.
Where is this duplex located?
The property is located at 141 E 16th Street Hialeah, FL.
What is the asking price?
The asking price for this property is $769,000.
What are key features of this property?
This property features: Duplex with 5 total bedrooms and 3 bathrooms; Both units currently occupied; Option to deliver vacant at closing
