Homes for sale in Hialeah
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Income/MultiFamily
85 W 28th St
Hialeah, FL 33010
$1,615,000
- Year built
- 1971
Listing courtesy of Saul Milian, RE/MAX United Realty
About this home
This well-maintained, 2-story building with 4,905 sq ft of living space sits on a 6,450 sq ft lot and was built in 1971. Key updates include a 1 year old roof, security cameras and impact windows. The property features a mix of four 1BD/1BA units and four 2BD/1BA units. It is 100% occupied on flexible month-to-month leases, offering an ideal opportunity for rent optimization in a market with consistent year-over-year growth.
Annual Gross Income: $124,800
- Operating Expenses: $49,000
- Net Operating Income (NOI): $75,800 GRM 13.62 (4.69% cap rate at asking price)
- Pro Forma Potential: Immediate 5-10% rent upside due to below-market rates and strong local demand.
DO NOT DISTURB THE TENANTS.
Annual Gross Income: $124,800
- Operating Expenses: $49,000
- Net Operating Income (NOI): $75,800 GRM 13.62 (4.69% cap rate at asking price)
- Pro Forma Potential: Immediate 5-10% rent upside due to below-market rates and strong local demand.
DO NOT DISTURB THE TENANTS.
Details
Property
- Type
- Income/MultiFamily
- Year built
- 1971
- Stories
- 2
- Lot size
- 6,450 sq ft
- County
- Miami-Dade County
- Flood zone
- AH
Interior
- Flooring
- Terrazzo
- Cooling
- Wall/Window Unit(s)
- Heating
- Wall/Window Units
Exterior and parking
- Parking
- Assigned
- Construction
- Concrete Block Construction
- Roof
- Composition Roll
Community and fees
- Security
- Security System
- Annual taxes
- $13,920
- Terms
- All Cash, Conventional/Refinance
- Lease term
- Month To Month
Neighborhood
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The data relating to real estate for sale or lease on this website comes in part from the Internet Data Exchange (IDX) program of MIAMI REALTORS® MLS. Listings are provided by participating brokers.
Information is deemed reliable but is not guaranteed and should be independently verified. It is subject to change and is provided for consumers’ personal, non-commercial use only, to identify properties they may be interested in. Listing last updated September 16, 2026.