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MLS ID: A11983450
List Price: $ 1 375 000
Sold Price: $ 1 000 000 (-27%)
Status: Closed
List date: 03/16/2026
Closing Dt: 06/02/2026
Days on Market: 78
Sell $ 247 per SqFt
20 W 37th St, Hialeah
#MLS: A11983450
$ 1 375 000
Listing date03/16/2026
CityHialeah, FL 33012
Address20 W 37th St
Area4054 sqft
Tax/year$ 15 064
Built year1971

Income-producing non-conforming 4-plex with two additional efficiency units, offering strong rental demand in the highly sought-after Hialeah rental market. The property features four corner 2-bedroom / 1-bath units plus two efficiencies generating approximately 1,700/month (850 each) in additional income.
Three of the four 2-bedroom units are currently leased below market, with long-term tenants of 10+ years and a history of consistent, on-time payments, providing stable cash flow and future upside potential.
Unit 1 was fully remodeled in 2025, including new A/C, new ductwork, new kitchen, and new appliances. The 2-bedroom units feature central A/C, and the efficiencies have new wall A/C units.
Located on Palm Avenue, the property offers easy access to Okeechobee Road, major highways, shopping, and the Metrorail station, making it attractive for long-term tenants and future renters alike.
Great opportunity for investors seeking immediate income with value-add potential in one of Miami-Dades strongest rental markets.

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