Four-Unit Multifamily
233 East 7th Street Hialeah, FL 33010
For Sale
$890,000
Pending
Fully occupied four-unit multifamily with two 2/1 units and two studios, plus ample on-site parking.
Property Size2,374 SF
Days on Market43
Property Features for 233 East 7th Street
General Information
- Standard status
- Pending
- Size
- 2,374 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1972
Listing Agency:
Xcellence
(866) 595-6025
Listed By:
Javier Rodriguez · License #3189884
(866) 595-6025
Source:
Compass
Added: Jun 12
Changed: Jul 22
Last Checked: Jul 24 at 1:53PM
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 Xcellence
Investment Insights
Based on property information with market context.
This four-unit multifamily property includes two 2/1 units and two studios, all currently rented. The offering is described as fully occupied and income-producing. One of the 2/1 units has been fully renovated with modern finishes, including new kitchens and impact windows.
The property is centrally located in Hialeah and described as providing convenient access to local dining, shopping, public transportation, major highways, and Downtown Miami. Ample on-site parking is noted, and the site is described as having a generous lot size.
The property presents four separate rental units arranged in a quadplex configuration, with one updated unit featuring new kitchens and impact windows. Showings require coordination with the listing agent due to the presence of tenants.
The property is centrally located in Hialeah and described as providing convenient access to local dining, shopping, public transportation, major highways, and Downtown Miami. Ample on-site parking is noted, and the site is described as having a generous lot size.
The property presents four separate rental units arranged in a quadplex configuration, with one updated unit featuring new kitchens and impact windows. Showings require coordination with the listing agent due to the presence of tenants.
Key Highlights
- Four‑unit multifamily, fully occupied, income‑producing property
- Unit mix: two 2/1 units and two studios
- Total rent income of $6,725 per month
Financial Insights For Multifamily LT 5
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 | $52.7k | $22.20 |
| − Vacancy | −$4.0k | −$1.67 |
| EGI | $48.8k | $20.54 |
| − OpEx | −$14.6k | −$6.16 |
| NOI | $34.1k | $14.37 |
2,374 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$487.5K
$426.6K – $568.8K
NOI $34,125 @ 7.0% cap · market cap 3.83%
Second Best
Apartment 5plus
$454.1K
$397.4K – $529.8K
NOI $31,790 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$934.4K
$817.6K – $1.09M
NOI $65,408 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Fully occupied four-unit multifamily with two 2/1 units and two studios, plus ample on-site parking.
Where is this quadplex located?
The property is located at 233 East 7th Street Hialeah, FL.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: Four‑unit multifamily, fully occupied, income‑producing property; Unit mix: two 2/1 units and two studios; Total rent income of $6,725 per month
