$537,800list price
Price cut$5,900
3 bd · 1 ba · 1,025 sq ft House
648 E 40TH ST, HIALEAH, FL 33013
Listing courtesy of Pioneer Invts Enterprises Inc. MLS# A12064779.On the MLS · Listed Aug 2
$540,000
359 E 12TH ST, HIALEAH, FL 33010
2 beds1 bath1,782 sq ftHouseBuilt 1948
Updated today, November 3, 2026This home against Hialeah
$303 per sq ft, 11% under the Hialeah median
29 days on the market
Price cut $45,000 since it was listed at $585,000
$7,655 in property taxes (2025)
6,534 sq ft lot
Hialeah today: 445 homes for sale, median list price $527,000.
About this home
ATTENTION INVESTORS! Prime Hialeah opportunity you don't want to miss! This income-producing property sits on a lot zoned for a **duplex**, offering tremendous value-add potential in one of Miami-Dade's most sought-after rental markets. Whether you're looking to build, expand, or hold — this is the deal. Hialeah's strong rental demand ensures consistent cash flow from day one. Conveniently located near major roadways, shopping, dining, and public transportation, making it highly desirable for tenants. **CASH ONLY.** or financing. Bring your best offer and be ready to close. Opportunities like this don't sit on the market. Call today before it's gone! Investment Opportunity – 359 E 12th St, Hialeah, FL 33010This property presents an exceptional investment opportunity in the heart of Hialeah, one of Miami-Dade County's most densely populated and high-demand rental markets. With duplex zoning already in place, this lot offers immediate development potential for investors looking to maximize returns through multi-family income production.Property Highlights:Zoned for duplex — significant value-add and development potentialLocated in Hialeah, one of South Florida's strongest rental demand corridorsCash only transaction — no financing contingencies, clean and straightforward closingIdeal for buy-and-hold investors, developers, or those looking to expand their portfolioLocation Advantages:Hialeah continues to be one of the most resilient real estate markets in Miami-Dade County. The city boasts a robust rental population, strong occupancy rates, and consistent year-over-year appreciation. The property is conveniently situated near major thoroughfares, providing easy access to I-95, the Palmetto Expressway (SR-826), Miami International Airport, and public transportation. Surrounding amenities include retail centers, restaurants, schools, parks, and medical facilities — all key drivers of tenant demand and long-term property value.Development Potential:With duplex zoning, an investor has the opportunity to either renovate the existing structure or explore new construction to maximize the lot's income-producing capacity. Multi-family properties in Hialeah command strong rental rates, and a duplex configuration allows the owner to live in one unit while renting the other, or rent both units for maximum cash flow.Transaction Requirements:This is a CASH ONLY transaction. No financing offers will be considered under any circumstances. All offers must be accompanied by valid Proof of Funds dated within 30 days of offer submission. Offers submitted without Proof of Funds will not be presented to the seller. Seller reserves the right to request updated Proof of Funds at any time during the transaction.Showing Instructions:All showings are strictly by appointment only. A minimum of 24 hours advance notice is required — NO exceptions will be made. Please do not attempt to walk the property or contact occupants directly. All showing requests must be coordinated through the listing agent. Failure to comply with showing instructions may result in the request being denied.Offer Submission:Buyers and buyer's agents are encouraged to submit their highest and best offer from the start. Include Proof of Funds, proposed closing date, and any additional terms with initial offer submission. Seller prefers a quick close. AS-IS contract preferred.Disclaimer:All information is deemed reliable but not guaranteed. Buyers are encouraged to conduct their own due diligence, including but not limited to: zoning verification with the City of Hialeah, independent inspections, title search, and survey. Property is being sold AS-IS. Seller will make no repairs.
Zoned schools
Elementary: Hialeah Elementary School
Middle: Miami Springs Middle School
High: Westland Hialeah Senior High School
From Miami-Dade County Public Schools attendance zones.
Near this home
Park: Sparks Park, 0.7 mi
Grocery: Victoria Grocery, 0.6 mi
Distances from the center of HIALEAH.
Listing courtesy of EXP Realty LLC. MLS# A12032483.
Listing information is provided by the MLS and is deemed reliable but not guaranteed.
Listed October 5, 2026.
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