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715 W 29th Street, Hialeah FL 33012

Commercial For Sale
$2,599,000

BTC: 40.48941877

ETH: 1,474.24189139

87 days
0 room(s)

Overview

Prime 8-Unit Multifamily Investment in Thriving Hialeah - Strong Cash Flow & Upside Potential! Seize this turnkey income producer at 715 W 29th St, Hialeah, FL 33012: a well-maintained 2-story, 5,332 sq ft apartment building on a 6,375 sq ft lot, built in 1968 with key updates including a 2019 roof, fully renovated bathrooms (last 3 years), and wall AC units in every apartment. Mix of 4 x 2BD/1BA and 4 x 1BD/1BA units, 100% occupied on flexible month-to-month leases, ideal for rent optimization in a market with YOY growth. Financial Highlights: Annual Gross Income: $171,120; Operating Expenses: $45,172; NOI: $125,948 (5% cap rate at asking price). Pro Forma Potential: Raise rents 5-10% immediately due to below-market rates and strong local demand. Located in Hialeah's vibrant core, minutes from major highways (I-95, Palmetto Expressway), Miami International Airport, and industrial hubs fueling job growth. No vacancies, deferred maintenance, or issues. Zero capex needs short-term. Perfect for 1031 exchanges, value-add plays, or long-term hold. Seller open to clean offers; quick close possible.

Location

Details

Type:
Commercial Sale
Parking:
Common
Year Built:
1968
Lot:
0.15 Acres
Heating:
Central Individual A/C
Price/sqft:
No Data
Cooling:
Central Individual A/C
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,849,500
$173K – $6.0M
Confidence Low
List vs. estimate
$749K above estimate
List $2,599,000 · +40.5%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
58 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $609K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$18,742
2025
Parking
2 spaces
All facts and features
  • Flooring

    • Ceramic Floor

    • Tile

    Heating

    • Central Individual A/C

    Cooling

    • Central Individual A/C

  • Parking

    • Common

    Property

    • Levels: 2

    Lot

    • Lot: 0.15 Acres

    Other Property Information

    • Parcel Number: 04-30-12-002-0140

    • Zoning: 6400

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Multi Family

  • Utility

    • Other Utilities Available

    • Electricity Available

    • Other

  • Other financial information

    • Annual tax amount: $18,742

  • Source details

    • MLS ID: B26007690

    Other facts

    • Construction Materials: CBS Construction

    • Lot Features: City Location / Less Than 1/4 Acre Lot / Less Than 1 Acre

    • Water Source: Public

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Savvy Avenue, LLC