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 Market44
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
Listed By:
Sisy Moya · License #3354534
(786) 218-1551
Source:
Silverleafrealtygroup
Added: Aug 23
Changed: Oct 2
Last Checked: Oct 4 at 4:45PM
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 / Yr
$37,489
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
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
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 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
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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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
