Hialeah Multifamily development site — Sale in Hialeah, FL

  • Price: $1.4M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Hialeah, FL 33012

Description

Development Potential: approved plans: 4 units, each with 3 bedrooms and 2 bathrooms (1,600 sq ft per unit) Potential income $14,000 per month Maximum potential: (plans can be modified)to up to 12 units . Additional Considerations: Appreciation: Plans include 8 parking spaces, which may need to be increased if the number of units is maximized. Rental market: Research the local rental market to determine demand for 3/2 units and potential rental rates. Overall, this property offers significant potential for investors looking to capitalize on the growing demand for multifamily housing. Current State: Main house: 4 bedrooms, 3 bathrooms (potential rental income) Efficiency unit: 1 bedroom, 1 bathroom Land: 13,127 sq ft corner lot

Market Context

This multifamily in Hialeah, FL is listed for sale at $1,400,000. It has been on the market for 74 days. Compare it against other multifamily listings for sale in Hialeah, FL — view the full market.

As of Q4 2025, the Miami multifamily market showed a 6.4% vacancy rate, and cap rates around 6.3%. Source: multiple brokerage reports, Q4 2025.

Multifamily market FAQ

What is the typical cap rate for multifamily in Miami?
About 6.3% as of Q4 2025, per multiple brokerage reports.
Is the Miami multifamily market tightening or softening?
Vacancy is around 6.4% (Q4 2025).

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