8-Unit Apartment
For Sale
$1,850,000
715 W 29th St, Hialeah, FL 33012
A mix of one- and two-bedroom homes is paired with separate electric meters and dedicated on-site parking.
Property Size5,332 SF
Lot Size0.15 Acres
Price / SF$346.96
Days on Market9
Property Features for 715 W 29th St
General Information
Standard status
Active
Size
5,332 SF
Total Parking Spaces
8
Lot size
0.15 Acres
Property subtype
Income/MultiFamily
Zoning
C-2
Net Operating Income
$111,922
Units
Unit Mix
4 x 2BR/1BA, 4 x 1BR/1BA
Multifamily Units
8
Parking per Unit
1
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$18,742
Amenities
fenced
Building Details
Building Size
5,332 SF
Year Built
1968
Buildings
1
Stories
2
Construction
concrete block and stucco
Listing Agency:
HomeCoin.com
Listed By:
Jonathan Minerick · License #3477996
(888) 400-2513
Source:
Miamibrokersgroup
Added: Oct 5
Changed: Oct 10
Last Checked: Oct 13 at 2:25AM
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 HomeCoin.com
Investment Insights
Based on property information with market context.
Located at 715 W 29th St in Hialeah, this two-story apartment property contains eight units: four with one bedroom and one bathroom, and four with two bedrooms and one bathroom. The 5,332-square-foot building sits on a 6,375-square-foot lot and was constructed in 1968 using concrete block and stucco. Its roof was replaced in 2019, and the property is fenced.
Each apartment has a separate electric meter, alongside one house meter. Eight parking spaces are provided on site, with one assigned per unit and accessible parking included. The property is zoned C-2 per the Miami-Dade Property Appraiser. Walk Score is 76, Bike Score is 52, and Transit Score is 37.
Each apartment has a separate electric meter, alongside one house meter. Eight parking spaces are provided on site, with one assigned per unit and accessible parking included. The property is zoned C-2 per the Miami-Dade Property Appraiser. Walk Score is 76, Bike Score is 52, and Transit Score is 37.
Key Highlights
- Eight apartments: four one‑bedroom, one‑bath units and four two‑bedroom, one‑bath units
- 5,332 sq ft of building area on a 6,375 sq ft lot
- Two‑story concrete block and stucco construction; built in 1968
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,401
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,428,020
$1.4M
Cap Rate 7%
$1,020,014
$1.0M
Cap Rate 9%
$793,344
$793.3K
Market Conditions
NOI Build-Up for 5,332 SF
Gross rent
$138.8K $26.04/SF
− Vacancy
−$9.0K −$1.69/SF
EGI
$129.8K $24.35/SF
− OpEx
−$58.4K −$10.96/SF
NOI
$71.4K $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%
$1,428,020
Cap Rate 7%
$1,020,014
Cap Rate 9%
$793,344
Alternative Uses
Best Use
Apartment 5plus
$1.02M
$892.5K – $1.19M
NOI $71,401 @ 7.0% cap · market cap 3.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $146,907 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
8
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,950
Businesses Nearby
Explore this area
Business Placement
Demographics for 33012, FL
70,260
Population
25,923
Households
2.7
Avg Household Size
48
Median Age
18%
College-Educated
72%
High-School Grad
5.9 sq mi
ZIP Area
11,908
Density / Sq Mi
$45,818
Median Household Income
$32,039
Median Earnings
$1,562
Median Rent
$355,600
Median Home Value
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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?
Apartment building - A mix of one- and two-bedroom homes is paired with separate electric meters and dedicated on-site parking.
Where is this apartment building located?
The property is located at 715 W 29th St Hialeah, FL.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Eight apartments: four one‑bedroom, one‑bath units and four two‑bedroom, one‑bath units; 5,332 sq ft of building area on a 6,375 sq ft lot; Two‑story concrete block and stucco construction; built in 1968
