Two-Unit Duplex Requiring
New
For Sale
$500,000
733 E 26th Street, Hialeah, FL 33013
As-is residential income property with two units and a renovation-oriented project scope.
Property Size2,488 SF
Price / SF$265.11
Days on Market2
Property Features for 733 E 26th Street
General Information
Standard status
Active
Size
2,488 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
0100
Property Condition
Severity
Minor
Evidence
HANDYMAN SPECIAL
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,211
Building Details
Building Size
2,488 SF
Year Built
1957
Stories
1
Listing Agency:
LPT Realty, LLC
(305) 788-0336
Listed By:
Johanna Izaguirre · License #3353581
(305) 788-0336
Source:
Laerrealty
Added: Aug 17
Changed: Aug 18
Last Checked: Aug 18 at 5:59AM
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 LPT Realty, LLC
Investment Insights
Based on property information with market context.
This 1,886-square-foot duplex contains two residential units and was constructed in 1957. The property requires repairs and renovation and is offered in its existing condition, allowing the next owner to address the improvements and configuration according to applicable requirements.
Located at 733 E 26th Street in Hialeah, the property is near major roads, shopping, dining, schools, and Hialeah Hospital. Zoning is identified as 0100. Buyers should independently confirm measurements, permits, legal use, zoning, and intended use with the appropriate authorities.
Located at 733 E 26th Street in Hialeah, the property is near major roads, shopping, dining, schools, and Hialeah Hospital. Zoning is identified as 0100. Buyers should independently confirm measurements, permits, legal use, zoning, and intended use with the appropriate authorities.
Key Highlights
- Two‑unit duplex configuration
- 1,886 square feet of building area
- Built in 1957
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,110
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$542,200
$542.2K
Cap Rate 7%
$387,286
$387.3K
Cap Rate 9%
$301,222
$301.2K
Market Conditions
NOI Build-Up for 1,886 SF
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.
Gross rent
$41.9K $22.20/SF
− Vacancy
−$3.1K −$1.67/SF
EGI
$38.7K $20.54/SF
− OpEx
−$11.6K −$6.16/SF
NOI
$27.1K $14.37/SF
Area
Hialeah, FL
Vacancy
7.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$542,200
Cap Rate 7%
$387,286
Cap Rate 9%
$301,222
Alternative Uses
Best Use
Multifamily LT 5
$387.3K
$338.9K – $451.8K
NOI $27,110 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$360.8K
$315.7K – $420.9K
NOI $25,256 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$742.3K
$649.5K – $866.1K
NOI $51,963 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,477
Businesses Nearby
Explore this area
Business Placement
Demographics for 33013, FL
31,068
Population
9,544
Households
3.3
Avg Household Size
48
Median Age
18%
College-Educated
72%
High-School Grad
3.8 sq mi
ZIP Area
8,176
Density / Sq Mi
$57,242
Median Household Income
$32,566
Median Earnings
$1,488
Median Rent
$407,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - As-is residential income property with two units and a renovation-oriented project scope.
Where is this duplex located?
The property is located at 733 E 26th Street Hialeah, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; 1,886 square feet of building area; Built in 1957
