Two-Bedroom Apartment
For Sale
Contact for pricing
1460 W 29th St, Hialeah, FL 33012
Fully occupied multifamily asset with month-to-month leases and R-3 zoning.
Property Size6,644 SF
Price / SF$331.13
Days on Market197
Property Features for 1460 W 29th St
General Information
Standard status
Active
Size
6,644 SF
Class
C
Total Parking Spaces
14
Property subtype
Multifamily
Zoning
R-3
Occupancy
100%
Investment Type
Value Add
Additional Details
Average Monthly Rent
$1,300
Building Details
Year Built
1967
Buildings
1
Stories
2
Units
8
Listing Agency:
Union Street Partners, LLC
Listed By:
Greg Celentano · License #FL 0667454
Source:
Crexi
Added: Apr 6
Changed: Oct 11
Last Checked: Oct 19 at 7:33AM
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 Union Street Partners, LLC
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Investment Insights
Based on property information with market context.
Built in 1967, this 6,644-square-foot apartment property at 1460 W 29th St in Hialeah features an all two-bedroom unit mix. The asset is fully occupied, with every lease structured on a month-to-month basis, providing a consistent operating profile and flexible lease terms.
The property carries R-3 zoning and is positioned near major thoroughfares and employment centers serving the greater Miami metropolitan area. Its residential configuration and location within Hialeah support continued multifamily use.
The property carries R-3 zoning and is positioned near major thoroughfares and employment centers serving the greater Miami metropolitan area. Its residential configuration and location within Hialeah support continued multifamily use.
Key Highlights
- 6,644‑square‑foot apartment property at 1460 W 29th St, Hialeah, FL 33012
- 100% two‑bedroom units
- Fully occupied property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,970
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,779,400
$1.8M
Cap Rate 7%
$1,271,000
$1.3M
Cap Rate 9%
$988,556
$988.6K
Market Conditions
NOI Build-Up for 6,644 SF
Gross rent
$173.0K $26.04/SF
− Vacancy
−$11.2K −$1.69/SF
EGI
$161.8K $24.35/SF
− OpEx
−$72.8K −$10.96/SF
NOI
$89.0K $13.39/SF
Area
Hialeah, FL
Vacancy
6.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,779,400
Cap Rate 7%
$1,271,000
Cap Rate 9%
$988,556
Alternative Uses
Best Use
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $88,970 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.62M
$2.29M – $3.05M
NOI $183,055 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,341
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multifamily asset with month-to-month leases and R-3 zoning.
Where is this apartment building located?
The property is located at 1460 W 29th St Hialeah, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 6,644‑square‑foot apartment property at 1460 W 29th St, Hialeah, FL 33012; 100% two‑bedroom units; Fully occupied property
