4-Unit
For Sale
$1,100,000
25 W 26th St, Hialeah, FL 33010
Four apartments are currently occupied, and the property carries commercial zoning.
Property Size2,145 SF
Days on Market10
Property Features for 25 W 26th St
General Information
Standard status
Active
Size
2,145 SF
Property subtype
Quadruplex
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$9,147
Building Details
Building Size
2,145 SF
Year Built
1965
Listing Agency:
Luxe Properties
Listed By:
Lazaro Calderin Blanco · License #3545393
(305) 967-0477
Source:
Relinkre
Added: Sep 29
Changed: Oct 7
Last Checked: Oct 7 at 11:51AM
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 Luxe Properties
Investment Insights
Based on property information with market context.
This 2,145-square-foot quadplex contains four apartments, each configured with two bedrooms and one bathroom. Improvements include a roof replaced in 2022, updated interior and exterior paint, and a new air-conditioning unit in each apartment. The property was built in 1965 and is currently rented.
The site is on West 26th Street in Hialeah, about one minute from Hialeah Park Casino on Palm Avenue. Commercial zoning is identified as 4600; additional uses would be subject to zoning and permitting.
The site is on West 26th Street in Hialeah, about one minute from Hialeah Park Casino on Palm Avenue. Commercial zoning is identified as 4600; additional uses would be subject to zoning and permitting.
Key Highlights
- Four apartments, each with 2 bedrooms and 1 bathroom
- 2,145 square feet; built in 1965
- Roof replaced in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,833
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$616,660
$616.7K
Cap Rate 7%
$440,471
$440.5K
Cap Rate 9%
$342,589
$342.6K
Market Conditions
NOI Build-Up for 2,145 SF
Gross rent
$47.6K $22.20/SF
− Vacancy
−$3.6K −$1.67/SF
EGI
$44.0K $20.54/SF
− OpEx
−$13.2K −$6.16/SF
NOI
$30.8K $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%
$616,660
Cap Rate 7%
$440,471
Cap Rate 9%
$342,589
Alternative Uses
Best Use
Multifamily LT 5
$440.5K
$385.4K – $513.9K
NOI $30,833 @ 7.0% cap · market cap 2.80%
Second Best
Apartment 5plus
$410.3K
$359.1K – $478.7K
NOI $28,724 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$844.3K
$738.7K – $985.0K
NOI $59,099 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,776
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four apartments are currently occupied, and the property carries commercial zoning.
Where is this quadplex located?
The property is located at 25 W 26th St Hialeah, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Four apartments, each with 2 bedrooms and 1 bathroom; 2,145 square feet; built in 1965; Roof replaced in 2022
