Two-Unit Duplex with In-Unit
59 East 10th Street Hialeah, FL 33010
59 East 10th Street, Hialeah, FL, 33010
$769,000
For Sale
$769,000
Each unit offers 2 bedrooms, 1 bath, and in-unit laundry, with a new roof and ample parking.
Property Size1,512 SF
Price / SF$508.60
Days on Market46
Property Features for 59 East 10th Street
General Information
- Standard status
- Active
- Size
- 1,512 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1950
Listing agency
The Source Real Estate
(305) 462-7820
Listed by
Fredni Vilarino · License #3467727
(305) 462-7820
Source
Compass
Added: Jun 6 Updated: Jul 21 at 10:21AM Checked: Jul 21 at 10:21AM
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 The Source Real Estate
Investment Insights
Based on property information with market context.
This duplex investment property offers two residential units, each featuring 2 bedrooms and 1 bath. Both units include in-unit laundry rooms and have been updated with modern upgrades. The property also includes a new roof and replacement doors.
The duplex includes ample parking for at least 8 vehicles and features a large back yard, providing usable outdoor space for residents or day-to-day convenience.
The configuration is straightforward for an owner seeking a two-unit residential income property, with consistent layouts across both units and practical on-site parking and outdoor area.
The duplex includes ample parking for at least 8 vehicles and features a large back yard, providing usable outdoor space for residents or day-to-day convenience.
The configuration is straightforward for an owner seeking a two-unit residential income property, with consistent layouts across both units and practical on-site parking and outdoor area.
Key Highlights
- Duplex built in 1950 with 2 units, each offering 2 bedrooms and 1 bath
- Each unit features in‑unit laundry
- Property includes a new roof
Local 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 | $33.6k | $22.20 |
| − Vacancy | −$2.5k | −$1.67 |
| EGI | $31.0k | $20.54 |
| − OpEx | −$9.3k | −$6.16 |
| NOI | $21.7k | $14.37 |
1,512 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$310.5K
$271.7K – $362.2K
NOI $21,734 @ 7.0% cap · market cap 2.83%
Second Best
Apartment 5plus
$289.2K
$253.1K – $337.5K
NOI $20,247 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$595.1K
$520.7K – $694.3K
NOI $41,659 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Each unit offers 2 bedrooms, 1 bath, and in-unit laundry, with a new roof and ample parking.
Where is this duplex located?
The property is located at 59 East 10th Street Hialeah, FL.
What is the asking price?
The asking price for this property is $769,000.
What are key features of this property?
This property features: Duplex built in 1950 with 2 units, each offering 2 bedrooms and 1 bath; Each unit features in‑unit laundry; Property includes a new roof
