Updated Duplex with Four-Unit
991 E 20th St, Hialeah, FL 33013
For Sale
$749,000
Corner duplex with both units updated and occupied by month-to-month tenants.
Property Size1,586 SF
Days on Market53
Property Features for 991 E 20th St
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Related Services LLC
Listed By:
Edelso Riveron · License FL #0647321
(786) 256-0268
Source:
Miamibrokersgroup
Added: Sep 22
Changed: Nov 7
Last Checked: Nov 12 at 4:55PM
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 Related Services LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1947, this corner duplex at 991 E 20th St in Hialeah, Florida includes two residential units with a combined layout of 4 bedrooms and 2 bathrooms. Both units were updated in 2020, and the property is currently occupied under month-to-month tenancies.
The property has been rezoned to permit up to four units, creating a documented redevelopment option alongside its existing duplex configuration. Showings require advance scheduling, and tenant access should be coordinated rather than conducted independently.
The property has been rezoned to permit up to four units, creating a documented redevelopment option alongside its existing duplex configuration. Showings require advance scheduling, and tenant access should be coordinated rather than conducted independently.
Key Highlights
- Duplex property with 4 bedrooms and 2 bathrooms
- Both units updated in 2020
- Corner location at 991 E 20th St, Hialeah, FL 33013
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,798
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$455,960
$456.0K
Cap Rate 7%
$325,686
$325.7K
Cap Rate 9%
$253,311
$253.3K
Market Conditions
NOI Build-Up for 1,586 SF
Gross rent
$35.2K $22.20/SF
− Vacancy
−$2.6K −$1.67/SF
EGI
$32.6K $20.54/SF
− OpEx
−$9.8K −$6.16/SF
NOI
$22.8K $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%
$455,960
Cap Rate 7%
$325,686
Cap Rate 9%
$253,311
Alternative Uses
Best Use
Multifamily LT 5
$325.7K
$285.0K – $380.0K
NOI $22,798 @ 7.0% cap · market cap 3.04%
Second Best
Apartment 5plus
$303.4K
$265.5K – $354.0K
NOI $21,238 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$624.2K
$546.2K – $728.3K
NOI $43,697 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
$407,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Miami-Dade County, FL
Properties on Market for Duplexes in Miami-Dade County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Corner duplex with both units updated and occupied by month-to-month tenants.
Where is this duplex located?
The property is located at 991 E 20th St 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: Duplex property with 4 bedrooms and 2 bathrooms; Both units updated in 2020; Corner location at 991 E 20th St, Hialeah, FL 33013
