Three-Unit Triplex with
662 East 21st Street Hialeah, FL 33013
For Sale
$785,000
Triplex with three units, ample parking, a large backyard, and tenant occupancy; pet-friendly and no HOA.
Property Size2,809 SF
Price / SF$279.46
Days on Market949
Property Features for 662 East 21st Street
General Information
- Standard status
- Active
- Size
- 2,809 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1950
Listing Agency:
Horizon Homes Realty
(305) 712-7210
Listed By:
Diana Lazo · License #3424254
(305) 712-7210
Source:
Compass
Added: Dec 18, 2023
Changed: Jul 21
Last Checked: Jul 24 at 2:21PM
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 Horizon Homes Realty
Investment Insights
Based on property information with market context.
This for-sale triplex includes three income units: one 3/2, one 2/1, and a bonus efficiency. The property is tenant-occupied and offers plenty of parking space. The backyard is described as huge, and the community is pet friendly. Broker remarks also note there is no HOA.
Located at 662 East 21st Street in Hialeah, the property is positioned near schools, parks, a local hospital, restaurants, and shopping centers. The surrounding area is described as continuing to grow, with new development opening nearby.
For investors seeking a straightforward, already-occupied rental setup, this three-unit arrangement provides a mix of unit sizes within one multifamily property.
Located at 662 East 21st Street in Hialeah, the property is positioned near schools, parks, a local hospital, restaurants, and shopping centers. The surrounding area is described as continuing to grow, with new development opening nearby.
For investors seeking a straightforward, already-occupied rental setup, this three-unit arrangement provides a mix of unit sizes within one multifamily property.
Key Highlights
- Triplex built in 1950 with three units: 3/2, 2/1, and a bonus efficiency
- Tenant‑occupied property
- No HOA and no limitations reported
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 | $62.4k | $22.20 |
| − Vacancy | −$4.7k | −$1.67 |
| EGI | $57.7k | $20.54 |
| − OpEx | −$17.3k | −$6.16 |
| NOI | $40.4k | $14.37 |
2,809 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$576.8K
$504.7K – $673.0K
NOI $40,378 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$537.4K
$470.2K – $626.9K
NOI $37,616 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$1.11M
$967.4K – $1.29M
NOI $77,394 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
TheChampiot.Com
Gym & Fitness Center
FAQs
What type of property is this?
Triplex - Triplex with three units, ample parking, a large backyard, and tenant occupancy; pet-friendly and no HOA.
Where is this triplex located?
The property is located at 662 East 21st Street Hialeah, FL.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Triplex built in 1950 with three units: 3/2, 2/1, and a bonus efficiency; Tenant‑occupied property; No HOA and no limitations reported
