Corner-Lot Duplex with Tile
For Sale
$749,000
Pending
990 W 56th Street, Hialeah, FL 33012
Features two driveways, a large patio, and an additional room with private exterior access.
Property Size1,787 SF
Days on Market61
Property Features for 990 W 56th Street
General Information
Standard status
Pending
Size
1,787 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$2,314
Amenities
patio
Building Details
Building Size
1,787 SF
Year Built
1958
Listing Agency:
Florida Realty of Miami Corp
Listed By:
Claudia Wong · License #3148127
(786) 663-7609
Source:
Silverleafrealtygroup
Added: Aug 7
Changed: Oct 2
Last Checked: Oct 5 at 9:45PM
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 Florida Realty of Miami Corp
Investment Insights
Based on property information with market context.
Built in 1958, this duplex occupies a corner lot and includes generous living areas, a newer tile roof, and a front driveway supplemented by separate side access. An additional room with an independent exterior entrance adds flexibility to the layout, while the large patio provides outdoor space.
The property is located at 990 W 56th Street in Hialeah, directly across from Palm Springs Middle School. Shopping, dining, major roadways, and everyday services are nearby, supporting convenient access to daily necessities and surrounding destinations.
The property is located at 990 W 56th Street in Hialeah, directly across from Palm Springs Middle School. Shopping, dining, major roadways, and everyday services are nearby, supporting convenient access to daily necessities and surrounding destinations.
Key Highlights
- Corner‑lot duplex built in 1958
- Newer tile roof
- Front driveway plus an additional side driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,687
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,740
$513.7K
Cap Rate 7%
$366,957
$367.0K
Cap Rate 9%
$285,411
$285.4K
Market Conditions
NOI Build-Up for 1,787 SF
Gross rent
$39.7K $22.20/SF
− Vacancy
−$3.0K −$1.67/SF
EGI
$36.7K $20.54/SF
− OpEx
−$11.0K −$6.16/SF
NOI
$25.7K $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 Rate 5%
$513,740
Cap Rate 7%
$366,957
Cap Rate 9%
$285,411
Alternative Uses
Best Use
Multifamily LT 5
$367.0K
$321.1K – $428.1K
NOI $25,687 @ 7.0% cap · market cap 3.43%
Second Best
Apartment 5plus
$341.9K
$299.1K – $398.8K
NOI $23,930 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$703.4K
$615.4K – $820.6K
NOI $49,235 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,774
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
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Frequently Asked Questions
What type of property is this?
Duplex - Features two driveways, a large patio, and an additional room with private exterior access.
Where is this duplex located?
The property is located at 990 W 56th Street Hialeah, FL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Corner‑lot duplex built in 1958; Newer tile roof; Front driveway plus an additional side driveway
