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$2,599,000 Just Listed
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Property 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 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.
Full Property Details
Full Property Details for 715 W 29th St
General
- Price: $2,599,000
- Taxes: $18,742 (2025)
- Status: Active
- Type: Commercial Multi-Family
- Source: Regional
- MLS ID: B26007690
- Updated: Today (3/27/2026)
- Added to Site: Today
Interior
- Flooring: Ceramic Tile, Tile
Additional Information
- Security/Safety: Smoke Detector(s)
Parking
- Total Spaces: 2
- Parking Features: Accessible Parking, Common
Location
- County: Miami-Dade
Community
- Community Name: 2300
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central, Individual
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Other
Structural Information
- Construction: Block
- Roof: Shingle
- Stories/Levels: 2
- Building Size: 5332
- Aprox. Leasable: 5,332 Sq. Ft.
- Year Built: 1968
- Property Condition: Resale
Lot Features
- Lot Size (Acres): 0.15
- Frontage: City Street
- Lot Features: City Lot
- Zoning: 6400
Financial Considerations
- Assessment Amount: $884,259
- Tax Amount: $18,742
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Other
- Legal Description: INDUSTRIAL CENTER PB 14-81 LOT 23 BLK 17 LOT SIZE 6375 SQ FT OR 14005-3619 0289 1
- Property ID: 430120020140
Listed by Savvy Avenue, LLC
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Schools
Schools serving 715 W 29th St
School District:Dade County School District
| Name | Grades | Distance |
|---|---|---|
Mae M. Walters Elementary School 650 West 33rd Street, Hialeah, FL 33012 | PK-5 | 0.2 mi |
Henry H. Filer Middle School 531 West 29th Street, Hialeah, FL 33012 | 6-8 | 0.2 mi |
Hialeah Senior High School 251 East 47th Street, Hialeah, FL 33013 | 9-12 | 1.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 715 W 29th St
Date
Details
Price
Change
Source
3/27/2026
Listed
$2,599,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 715 W 29th St
715 W 29th Street, Hialeah, FL (MLS# B26007690) is a Commercial Multi-Family property. 715 W 29th Street is currently listed for $2,599,000 and was received on March 27, 2026. Want to learn more about 715 W 29th Street? Do you have questions about finding other Commercial Multi-Family real estate for sale in Hialeah? You can browse all Hialeah real estate or contact a Coldwell Banker agent to request more information.

