Six-Unit Multifamily Across Three
For Sale
Contact for pricing
192 W 33 ST, Hialeah, FL 33012
Small multifamily with six units across three buildings, currently fully occupied, on a 17,285 SF lot.
Property Size3,997 SF
Lot Size0.40 Acres
Price / SF$340.26
Days on Market118
Property Features for 192 W 33 ST
General Information
Standard status
Active
Size
3,997 SF
Class
C
Lot size
0.40 Acres
Property subtype
Multifamily
Zoning
R-3, R-3-5
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$95,585
Additional Details
Cap Rate
7.03%
Multifamily Units
6
Building Details
Year Built
1960
Year Renovated
2026
Buildings
3
Stories
1
Units
6
Tenancy
Multi
Listing Agency:
Premier Properties
Listed By:
Jorge Ruiz · License #3220355
(786) 953-2173
Source:
Crexi
Added: Jun 18
Changed: Sep 13
Last Checked: Oct 12 at 8:43PM
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 Premier Properties
Investment Insights
Based on property information with market context.
This six-unit multifamily property totals 3,997 square feet across three residential buildings. The offering is located on a 17,285 square foot lot and is currently 100% occupied, providing immediate in-place income across the units.
The property is offered for sale at 192 W 33 ST in Hialeah, Florida. It is presented as a cohesive small-balance asset with multiple building structures rather than a single consolidated building footprint.
For investors or buyers seeking a smaller multifamily holding, the current tenancy status and unit mix can appeal to those looking to manage an occupied asset from day one. The seller’s materials highlight a 7.03% cap rate and describe the opportunity to increase returns through market rent increases, citing below-market rents as the primary driver of potential value creation. Overall, it is positioned as a value-add investment within the South Florida market, based on the stated occupancy and rental-rate considerations.
The property is offered for sale at 192 W 33 ST in Hialeah, Florida. It is presented as a cohesive small-balance asset with multiple building structures rather than a single consolidated building footprint.
For investors or buyers seeking a smaller multifamily holding, the current tenancy status and unit mix can appeal to those looking to manage an occupied asset from day one. The seller’s materials highlight a 7.03% cap rate and describe the opportunity to increase returns through market rent increases, citing below-market rents as the primary driver of potential value creation. Overall, it is positioned as a value-add investment within the South Florida market, based on the stated occupancy and rental-rate considerations.
Key Highlights
- Multifamily property with 6 residential units totaling 3,997 SF across three buildings
- 17,285 SF lot
- Currently 100% occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,524
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,070,480
$1.1M
Cap Rate 7%
$764,629
$764.6K
Cap Rate 9%
$594,711
$594.7K
Market Conditions
NOI Build-Up for 3,997 SF
Gross rent
$104.1K $26.04/SF
− Vacancy
−$6.8K −$1.69/SF
EGI
$97.3K $24.35/SF
− OpEx
−$43.8K −$10.96/SF
NOI
$53.5K $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%
$1,070,480
Cap Rate 7%
$764,629
Cap Rate 9%
$594,711
Alternative Uses
Best Use
Apartment 5plus
$764.6K
$669.1K – $892.1K
NOI $53,524 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.38M – $1.84M
NOI $110,125 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
2,501
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
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Small multifamily with six units across three buildings, currently fully occupied, on a 17,285 SF lot.
Where is this apartment building located?
The property is located at 192 W 33 ST Hialeah, FL.
What is the asking price?
The asking price for this property is $1,360,000.
What are key features of this property?
This property features: Multifamily property with 6 residential units totaling 3,997 SF across three buildings; 17,285 SF lot; Currently 100% occupied
