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 Features for 192 W 33 ST
General Information
- Standard status
- Active
- Size
- 3,997 SF
- Lot size
- 0.40 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1960
Listing office Premier Properties (786) 953-2173
Listing date Jun 18, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
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
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $104.1k | $26.04 |
| − Vacancy | −$6.8k | −$1.69 |
| EGI | $97.3k | $24.35 |
| − OpEx | −$43.8k | −$10.96 |
| NOI | $53.5k | $13.39 |
