Hialeah Duplex with Oversized
For Sale
$995,000
952 E 19th St, Hialeah, FL 33013
Large duplex in Hialeah, fully rented, near major amenities.
Property Size3,248 SF
Price / SF$233.13
Days on Market168
Property Features for 952 E 19th St
General Information
Standard status
Active
Size
3,248 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$12,171
Building Details
Building Size
3,248 SF
Year Built
1947
Listing Agency:
Coldwell Banker Realty
Listed By:
Victor Vianello · License #3105261
Source:
Vanessafrankmiami
Added: Mar 10
Changed: Aug 23
Last Checked: Aug 22 at 2:17PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This is a duplex property situated in Hialeah, featuring an oversized lot. The property is fully rented to tenants. Its location provides convenient access to shops, major highways, and Miami International Airport. Each unit is equipped with separate water and electric meters. Recent updates include water heaters and AC units. Hurricane shutters are installed, and ample parking space is available. Unit 952 includes 4 bedrooms and 2 bathrooms, along with an efficiency that has a separate entrance. Unit 958, located on the second floor, features 3 bedrooms and 1.5 bathrooms. The property has a size of 4268 square feet. All units are currently occupied by tenants on month-to-month terms.
Key Highlights
- Fully rented duplex in a central Hialeah location.
- Oversized lot with ample parking.
- Unit 952: 4 bedrooms, 2 bathrooms plus efficiency with separate entrance.
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
$61,350
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
6.17%
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%
$1,227,000
$1.2M
Cap Rate 7%
$876,429
$876.4K
Cap Rate 9%
$681,667
$681.7K
Market Conditions
NOI Build-Up for 4,268 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
$94.7K $22.20/SF
− Vacancy
−$7.1K −$1.67/SF
EGI
$87.6K $20.54/SF
− OpEx
−$26.3K −$6.16/SF
NOI
$61.4K $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%
$1,227,000
Cap Rate 7%
$876,429
Cap Rate 9%
$681,667
Alternative Uses
Best Use
Multifamily LT 5
$876.4K
$766.9K – $1.02M
NOI $61,350 @ 7.0% cap · market cap 6.17%
Second Best
Apartment 5plus
$816.5K
$714.4K – $952.6K
NOI $57,153 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,592 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,858
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 - Large duplex in Hialeah, fully rented, near major amenities.
Where is this duplex located?
The property is located at 952 E 19th St Hialeah, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Fully rented duplex in a central Hialeah location.; Oversized lot with ample parking.; Unit 952: **4 bedrooms, 2 bathrooms plus efficiency with separate entrance.**
