14-Unit Multifamily
For Sale
$3,950,000
6305 W 22nd Court, Hialeah, FL 33016
Well-maintained apartment property with separately metered electricity and practical floor plans.
Property Size12,894 SF
Price / SF$306.34
Days on Market81
Property Features for 6305 W 22nd Court
General Information
Standard status
Active
Size
12,894 SF
Property subtype
Quadruplex
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
10 x 2BR/1.5BA, 4 x 3BR/2BA
Multifamily Units
14
Building Details
Year Built
1989
Listing Agency:
Sea Grove Realty
Listed By:
Derek Varona · License #3245277
(305) 726-5818
Source:
Lehmannflorida
Added: Jul 28
Changed: Oct 15
Last Checked: Oct 16 at 8:30AM
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 Sea Grove Realty
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Investment Insights
Based on property information with market context.
This well-maintained 14-unit multifamily property was built in 1989 and includes 12,894 square feet of apartment space. The unit mix consists of ten two-bedroom, one-and-a-half-bathroom residences and four three-bedroom, two-bathroom residences. Each unit is separately metered for electricity, while water is provided through a common meter.
The property is within walking distance of Bucky Dent Park, which includes a public swimming pool, water park, skate park, baseball fields, and other community amenities. It is also near Westland Mall and provides access to the Palmetto Expressway (SR 826), I-75, Okeechobee Road (US 27), and the Florida Turnpike. The surrounding area includes established residential, retail, commercial, and light-industrial corridors.
The property is within walking distance of Bucky Dent Park, which includes a public swimming pool, water park, skate park, baseball fields, and other community amenities. It is also near Westland Mall and provides access to the Palmetto Expressway (SR 826), I-75, Okeechobee Road (US 27), and the Florida Turnpike. The surrounding area includes established residential, retail, commercial, and light-industrial corridors.
Key Highlights
- 14‑unit multifamily property with 12,894 square feet, built in 1989
- Unit mix includes ten 2‑bedroom, 1.5‑bath residences and four 3‑bedroom, 2‑bath residences
- Each unit has separately metered electricity; water is supplied through a common meter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$172,664
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,453,280
$3.5M
Cap Rate 7%
$2,466,629
$2.5M
Cap Rate 9%
$1,918,489
$1.9M
Market Conditions
NOI Build-Up for 12,894 SF
Gross rent
$335.8K $26.04/SF
− Vacancy
−$21.8K −$1.69/SF
EGI
$313.9K $24.35/SF
− OpEx
−$141.3K −$10.96/SF
NOI
$172.7K $13.39/SF
Area
Hialeah, FL
Vacancy
6.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,453,280
Cap Rate 7%
$2,466,629
Cap Rate 9%
$1,918,489
Alternative Uses
Best Use
Apartment 5plus
$2.47M
$2.16M – $2.88M
NOI $172,664 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.08M
$4.44M – $5.92M
NOI $355,255 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
14
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,307
Businesses Nearby
Explore this area
Business Placement
Demographics for 33016, FL
45,714
Population
16,158
Households
2.8
Avg Household Size
43
Median Age
28%
College-Educated
83%
High-School Grad
4.2 sq mi
ZIP Area
10,884
Density / Sq Mi
$56,633
Median Household Income
$33,069
Median Earnings
$1,753
Median Rent
$295,800
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
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained apartment property with separately metered electricity and practical floor plans.
Where is this apartment building located?
The property is located at 6305 W 22nd Court Hialeah, FL.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 14‑unit multifamily property with 12,894 square feet, built in 1989; Unit mix includes ten 2‑bedroom, 1.5‑bath residences and four 3‑bedroom, 2‑bath residences; Each unit has separately metered electricity; water is supplied through a common meter
