8-Unit Apartment
New
For Sale
$1,850,000
715 W 29th St, Hialeah, FL 33012
Commercial Sale, Hialeah, FL
Property Size5,332 SF
Lot Size0.15 Acres
Price / SF$346.96
Days on Market3
Property Features for 715 W 29th St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
6400
Parking
8
Subdivision
30
Standard status
Active
APN
04-30-12-002-0140
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
INDUSTRIAL CENTER PB 14-81 LOT 23 BLK 17 LOT SIZE 6375 SQ FT OR 14005-3619 0289 1
Tax Annual Amount
18742
Legal Description
INDUSTRIAL CENTER PB 14-81 LOT 23 BLK 17 LOT SIZE 6375 SQ FT OR 14005-3619 0289 1
Amenities
fenced
Building Details
Year built
1968
Floors in Building
2
Number of units
8
Flooring type
Tile, Tile - Ceramic
Building materials
CBSConcreteBlockStructure, Block
Roof type
Shingle
Listing Agency:
HomeCoin.com
(888) 400-2513
Listed By:
Jonathan Minerick · License #3477996
(404) 388-9441
Added: Oct 7
Last Checked: Oct 9 at 3:06PM
MLS# A12100529
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.
Investment Insights
Based on property information with market context.
This two-story, eight-unit apartment property in Hialeah contains 5,332 square feet on a 6,375-square-foot lot. Its unit mix comprises four two-bedroom, one-bath apartments and four one-bedroom, one-bath apartments. Concrete block and stucco construction dates to 1968, and the roof was replaced in 2019. Each apartment has an individual electric meter, with an additional meter serving the house. The fenced property includes eight on-site parking spaces, one assigned to each unit, including accessible parking.
The property is zoned C-2 per the Miami-Dade Property Appraiser. The sale includes both the land and building.
The property is zoned C-2 per the Miami-Dade Property Appraiser. The sale includes both the land and building.
Key Highlights
- Eight apartments: four two‑bedroom, one‑bath units and four one‑bedroom, one‑bath units
- 5,332 square feet of building area on a 6,375‑square‑foot 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.
Property Analytics
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - C-2 zoning and separate electric meters for each apartment define the property’s commercial and operating configuration.
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 two‑bedroom, one‑bath units and four one‑bedroom, one‑bath units; 5,332 square feet of building area on a 6,375‑square‑foot lot; Two‑story concrete block and stucco construction; built in 1968
