$4,340,000

Estimated payment $28,567/month

Total Views 16,732
-- Beds
-- Baths
12,894 Sq Ft
$337 Price per Sq Ft

Highlights

  • No HOA
  • Balcony
  • Central Heating and Cooling System
  • Hialeah Gardens Senior High School Rated A-
  • Tile Flooring
  • Ceiling Fan

About This Home

This well-maintained 14-unit multifamily property offers investors a substantial rental asset in the desirable Hialeah/Miami Lakes submarket.

The property features ten spacious two-bedroom, one-and-a-half-bathroom residences and four three-bedroom, two-bathroom residences. Each unit is separately metered for electricity, while water is provided through a common meter. The large floor plans and practical configurations are well positioned in a market with strong demand for affordable rental housing.

The property is within walking distance of Bucky Dent Park, which features a public swimming pool, water park, skate park, baseball fields, and other community amenities. It is also near Westland Mall, an established retail destination planned for mixed-use redevelopment that may further enhance the surrounding area.

Located near the Palmetto Expressway (SR 826), I-75, Okeechobee Road (US 27), and the Florida Turnpike, the property provides convenient access to employment centers throughout Miami-Dade County. Its proximity to Medley and industrial and commercial corridors supports demand from the area’s growing workforce.

The Hialeah/Miami Lakes submarket is supported by established residential, retail, commercial, and light-industrial corridors. Lower housing costs than many Miami-area submarkets, limited rental vacancies, strong rents, and the continued affordability gap between renting and homeownership make this property a compelling long-term investment opportunity

Listing Agent

Derek Varona

Sea Grove Realty License #3245277 Listed on: 07/28/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $54,075

Year Built

  • Built in 1989

Home Design

  • Quadruplex
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 12,894 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Tile Flooring

Parking

  • 24 Parking Spaces
  • Open Parking

Additional Features

  • Balcony
  • Central Heating and Cooling System

Listing and Financial Details

  • Rent includes sewer, trash collection, water
  • Assessor Parcel Number 04-20-34-083-1220

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • 2Nd Addn To Baracoa Condos
  • 2Nd Addn To Baracoa Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $169,505
  • Net Operating Income $217,015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$54,075

Year Built

Built in 1989

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Year Built: 1989
  • Property Sub Type: Quadruplex
  • Architectural Style: Attached
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: 2ND ADDN TO BARACOA
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • CurrentPrice: 4340000
  • InternetRemarks: 14-Unit Hialeah Multifamily Investment
  • ShowingTimeFlag: Yes
  • MIAMIRE_EfficiencyYN: No
  • MIAMIRE_EfficiencyYN: No
  • MIAMIRE_Equipment: Air Conditioning Unit
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Tile
  • Living Area: 12894
  • Stories: 2
  • UnitTypeFurnished: Unfurnished
  • UnitTypeFurnished: Unfurnished
  • UnitTypeFurnished: Unfurnished
  • UnitTypeFurnished: Unfurnished

Exterior Features

  • Roof: Shingle
  • Exterior Features: Balcony, Exterior Cat Walk
  • Construction Type: CBS Construction
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: 2ND ADDN TO BARACOA
  • Total Parking Spaces: 24
  • MIAMIRE_Parking: Open Parking
  • MIAMIRE_Parking: Open Parking
  • MIAMIRE_Parking: Open Parking
  • MIAMIRE_Parking: Open Parking

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Green Building Features: Laundry Facility
  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 04-20-34-083-1220
  • Zoning: 4600

Rental Info

  • Rent Includes: Sewer, Trash Collection, Water

Multi Family

  • Net Operating Income: 217015
  • Number Of Units In Community: 4
  • Number Of Units Total: 14
  • Annual Operating Expense: 169505
  • Total Actual Rent: 386520

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 54075

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $54,076 $2,900,000 $884,796 $2,015,204
2024 $40,140 $3,010,000 $844,578 $2,165,422
2023 $40,140 $1,771,561 $0 $0
2022 $33,041 $1,610,510 $0 $0
2021 $29,312 $1,464,100 $0 $0
2020 $26,828 $1,486,000 $341,853 $1,144,147
2019 $23,657 $1,240,000 $341,853 $898,147
2018 $20,827 $1,100,000 $281,526 $818,474
2017 $21,089 $1,100,000 $0 $0
2016 $20,894 $1,068,554 $0 $0
2015 $20,515 $1,030,000 $0 $0
2014 $19,504 $960,236 $0 $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/28/2026 07/28/26 For Sale $4,340,000 -- $337 / Sq Ft
Source: MIAMI REALTORS® MLS

About the Listing Agent

Derek Varona

Sea Grove Realty

(877) 394-2695

Section Image

Derek is one of the co-founders of Sea Grove Realty. Derek's diligence, trustworthy personality and analytical background are critical to Sea Grove Realty's ability to serve its clients.

Prior to founding Sea Grove Realty, Derek worked in a client service role as a CPA at Deloitte, the largest professional services firm in the world. Upon graduating from Loyola University Chicago, Derek joined Deloitte's Chicago office in its tax function. As a member of the client service team, Derek

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Source: MIAMI REALTORS® MLS

MLS Number: A12061086

MIAMI REALTORS® MLS
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