Commercial Sale · Multi Family
715 W 29th Street, Hialeah FL 33012, HIALEAH, FL, 33012
Active138 days on marketListed Mar 27, 2026MLS #B26007690
About this property
The property at a glance
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.
5,332
Building sq ft
$487
Price / sq ft
0.15
Lot acres
1968
Year built
8
Units
6400
Zoning
Multi Family
Property type
The numbers
Investment snapshot
$324,875
Price / unit
8
Units
Estimated payment (illustrative)
Estimated payment
$13,409/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Kevin to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
69,408
Population
$45,818
Median income
48.5
Median age
2.73
Avg household
$355,600
Median home value
$1,562/mo
Median rent
6,794
Households w/ kids
Recent sales
What actually sold near 715 W 29th Street
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$64,800
7957 NW 67 STREET UNIT 25
Sold May 23, 2025
$206,000
720 W 28th St, Hialeah FL 33010
Sold Mar 23, 2026
$17,900
3171 E 11th Ave # 3171, Hialeah FL 33013
Sold Mar 23, 2026
Your team
The pros in your corner
Your agent
Kevin Johnson
CEO & Managing Broker · CENTURY 21 Edge
Tours, offers, and every question about 715 W 29th Street — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 715 W 29th Street.
See it in person
Schedule a tour
Live availability from Kevin's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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