715 W 29th Street, Hialeah, FL

New Listing

$2,599,000

Virtual Tour

https://www.propertypanorama.com/715-W-29th-Street-Hialeah-FL/unbranded

Property Type: Commercial Sale Square Footage: 5,332 Status: Active

Current Price: $2,599,000 List Date: 3/27/2026 Last Modified: 3/27/2026

Overview

Description

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

Supplements: 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.

Listing Details MLS# B26007690

General Property Information

Property Sub Type: Multi Family
Price Per Unit: 324875
Building Area Main: 5332
Building Area Source: Public Records
Adjusted Area Main: 5332
Year Built: 1968
Parking Total: 2
Lot Size Area: 6375
Lot Size Acres: 0.15
Accessibility Features YN: No
Stories Total: 2
Stories: 2
Leasable Area: 5332

Property Features

Column Span: Unknown Documents Available: Other Electric: Separate Meters Flooring: Ceramic Tile; Tile Heating: Central Individual Location of Property: City Location Parking Features: Accessible Parking; Common Possession: Close Of Escrow Property Condition: Resale Sale Includes: Building Special Listing Conditions: Standard Construction Materials: CBS Cooling: Central Individual Listing Terms: Cash; Conventional Road Frontage Type: City Street Roof: Shingle Security Features: Smoke Detector(s) Sewer: Public Sewer Utilities: Electricity Connected; Other Water Source: Public Showing Requirements: Call Owner; See Remarks

Contract Information

Comp Sale YN: No
Listing Contract Date: 2026-03-27
Original List Price: 2599000
Listing Service: Limited Service

Location and Legal

Country: United States
County Or Parish: Miami-Dade
Street Number: 715
Street Direction Prefix: W
Street Name: 29th
Street Suffix: Street
Municipality Type: Incorporated
Municipal Code: 04
State Or Province: FL
Postal Code: 33012
Postal Code +4: 5636
Area: 2300
Geographic Area: DADE
Parcel Number: 0430120020140
Subdivision Number: 2
Zoning: 6400
Flood Zone: AH
Property Description: MULTIFAMILY 2-9 UNITS

Financial Information

Tax Annual Amount: 18742
Tax Year: 2025
Tax Assessed/SOH Value: 884259
Tax Legal Description: INDUSTRIAL CENTER PB 14-81 LOT 23 BLK 17 LOT SIZE 6375 SQ FT OR 14005-3619 0289 1
Assessor Market Value: 1224000

Status Change Information

Major Change Timestamp: 2026-03-27T15:40:34Z
Major Change Type: New Listing
Status Change Date: 2026-03-27

More Information

Building and Property Details

# Of Tenants: 8
# Of Toilets: 8
Door Height: 0-8'
Interior Ceiling Height: 8
Maximum Ceiling Height: 10

Meter Information

Separate Electric Meters YN: No
Separate Gas Meters YN: No
Separate Water Meters YN: No

Description of Unit Type 1

Unit Type: 1 Bedroom
Units Total: 4
Full Baths: Yes
Furnished: No
Annual Rent: 19140

Description of Unit Type 2

Unit Type: 2 Bedroom
Units Total: 4
Full Baths: Yes
Furnished: No
Annual Rent: 23940

Showing Details

Pet(s) on Premises: No

Price Calculations

Current Price To SqFt: 487.43

Originating Details

Originating System Key: 20260325142450598590000000
Originating System ID: M00000170

Currently Not Used

Number Of Units Total: 8
Ownership Type: Corporation

Office/Member Information

DXORIGMLSID: RML

Electric

Separate Meters: Yes

Flooring

Ceramic Tile: Yes
Tile: Yes

Parking Features

Accessible Parking: Yes
Common: Yes

Property Condition

Resale: Yes

Special Listing Conditions

Standard: Yes

Documents Available

Other: Yes

Location of Property

City Location: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Utilities

Electricity Connected: Yes
Other: Yes

Column Span

Unknown: Yes

Heating

Central Individual: Yes

Sale Includes

Building: Yes

Construction Materials

CBS: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Road Frontage Type

City Street: Yes

Roof

Shingle: Yes

Security Features

Smoke Detector(s): Yes

Water Source

Public: Yes

Cooling

Central Individual: Yes

Showing Requirements

Call Owner: Yes
See Remarks: Yes

Listing Office: Savvy Avenue, LLC

Last Updated: March - 27 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

715 W 29th Street, Hialeah, FL (MLS# B26007690)