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Duplex with Separate Utilities

371 E 34th St, Hialeah, FL 33013

For Sale
$679,000

Residential Income, Hialeah, FL

Property Size2,040 SF
Price / SF$332.84
Days on Market10

Property Features for 371 E 34th St

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning description 5400
Parking 4
Subdivision RACEVIEW PARK
Lot features < 1/4 Acre
Standard status Active
APN 04-31-06-018-0040
Size 2,040 SF

Additional Details

Individually Metered Utilities water, electricity

Taxes and HOA fees

Tax Year 2025
Tax Description RACEVIEW PARK PB 12-36 LOT 12 & W10FT OF LOT 13 LOT SIZE 50.000 X 138 OR 11804-2376 0583 1 COC 23267-2093/2090 03 2005 1
Tax Annual Amount 9109
Legal Description RACEVIEW PARK PB 12-36 LOT 12 & W10FT OF LOT 13 LOT SIZE 50.000 X 138 OR 11804-2376 0583 1 COC 23267-2093/2090 03 2005 1

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Central
Cooling system Central Air

Building Details

Year built 1973
Floors in Building 1
Flooring type Tile
Building materials CBS (Concrete Block Structure), Block
Roof type Shingle
Listing Agency: AmeriFirst Realty
Listed By: Jose Cabrera · License #3056608
Added: Oct 29 Last Checked: Nov 7 at 11:06PM
MLS# A12113799

Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This 2,040-square-foot duplex contains two attached units, each with its own address. Separate water and electric meters serve the residences. The building was constructed in 1973 with concrete block construction and a shingle roof; interior features include tile flooring, central heating, and central air conditioning.

The property is in Hialeah, Florida. Public sewer service and cable availability are listed for the site.

Key Highlights

  • 2,040‑square‑foot duplex with two attached units
  • Separate water and electric meters
  • Each residence has an individual address

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$29,324
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$586,480 $586.5K
Cap Rate 7%
$418,914 $418.9K
Cap Rate 9%
$325,822 $325.8K
Market Conditions
NOI Build-Up for 2,040 SF
Gross rent
$45.3K $22.20/SF
− Vacancy
−$3.4K −$1.67/SF
EGI
$41.9K $20.54/SF
− OpEx
−$12.6K −$6.16/SF
NOI
$29.3K $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%
$586,480
Cap Rate 7%
$418,914
Cap Rate 9%
$325,822

Alternative Uses

Best Use
Multifamily LT 5
$418.9K
$366.6K – $488.7K (±1% cap)
NOI $29,324 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$390.3K
$341.5K – $455.3K (±1% cap)
NOI $27,318 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$802.9K
$702.6K – $936.8K (±1% cap)
NOI $56,206 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,346
Businesses Nearby

Demographics for 33013, FL

31,068
Population
9,544
Households
3.3
Avg Household Size
48
Median Age
18%
College-Educated
72%
High-School Grad
3.8 sq mi
ZIP Area
8,176
Density / Sq Mi
$57,242
Median Household Income
$32,566
Median Earnings
$1,488
Median Rent
$407,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Duplexes in Miami-Dade County, FL

$490 Jul
$477 Aug
$466 Sep
$472 Oct

Properties on Market for Duplexes in Miami-Dade County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two attached residences have individual addresses and independent water and electric meters.
Where is this duplex located?
The property is located at 371 E 34th St Hialeah, FL.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: 2,040‑square‑foot duplex with two attached units; Separate water and electric meters; Each residence has an individual address
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