Homestead Investment Properties & Multifamily for Sale

The best Homestead investment decision starts before you buy.

Live BeachesMLS listings matching this search in Homestead, Florida, updated throughout the day.

Income property with two or more units is a small corner of the Homestead market: a few duplexes and fourplexes, most of them in the older parts of the city, and houses with an efficiency or a second dwelling on the lot, which the MLS lists as single family homes. Rents here are driven by families, base and hospital staff and workers who commute to the Keys. Ask for the leases and the rent roll, confirm that every unit is permitted, and check whether a tenant pays with a housing voucher, which brings its own inspection schedule. Compare the asking rents with what is actually leasing on the Homestead rental pages before you offer.

7 listings, newest first.

The 7 listings on this page run from $400,000 to $6,499,750, with a median of $799,000, about $348 per square foot, and they have been listed a median of 11 days.

The community with the most listings here is Tatums (2), 2 of the 7; the others are spread across 4 more communities. All of them are multifamily properties. They were built between 1954 and 2026, a median of 1972, and 2 in the last ten years. They sit in 2 ZIP codes: 33030 and 33032.

What Investors Buy in Homestead

Investors in Homestead buy townhomes in the gated communities to lease to families, single family houses with no association in Leisure City, Naranja and Princeton, and condominiums at Keys Cove, Venetia Gardens and Lakeshore where the entry price is low. A smaller group buys duplexes and fourplexes in the older streets, and some buy Redland land to hold, farm or develop once the zoning allows. New construction attracts investors too, although many associations limit leasing in the first year of ownership. Each type carries a different risk, from association rules and reserves to septic tanks and zoning, so the Homestead investor matches the property to the plan before the price.

Reading the Numbers in Homestead

Reading the numbers in Homestead starts with the costs listings leave out. Insurance moves the return more than the interest rate does, and it depends on the roof age, the windows and the flood zone. Association fees and any CDD assessment come off the rent every month, and property taxes reset on sale, so the seller's bill is no guide. Compare the asking rents in a listing with the leases that actually closed on the Homestead rental pages, allow for a vacancy between tenants and a reserve for the roof and the air conditioning, and if a tenant pays with a housing voucher, account for the inspection and the timing of the payments.

The Numbers on These Listings

Straight from the MLS, updated through the day. Income and capitalization rates are what the listing agent published, not audited figures: treat them as the start of underwriting, and ask for certified operating statements before you offer.

Property	Price	Units	Per unit	Income	Cap rate	Taxes	HOA	Days on market
13401 SW 268th Street	$770,000	2	$385,000	$5,600 gross	—	$12,548	—	1 days
725 SW 1st Avenue	$799,000	4	$199,750	$43,686 net	5.5%	$13,114	—	3 days
24945 SW 134th Avenue	$6,499,750	2	$3,249,875	—	—	—	—	8 days
1207 NE 1st Avenue	$889,000	4	$222,250	$3,400 gross	—	$6,900	—	11 days
174 NE 14th Street	$535,000	2	$267,500	$2,000 gross	—	$8,023	—	20 days
1101 SW 2nd Street (reduced from $419,995)	$400,000	2	$200,000	$3,600 gross	—	$5,520	—	235 days
520 SW Krome Terrace (reduced from $1,550,000)	$1,475,000	4	$368,750	$7,650 gross	—	$9,162	—	359 days

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BreakThru Realty sends new income property matching this search as it comes on the market, and will underwrite any listing with you: the rents in place, the taxes as they reset on sale, insurance quoted today, and what comparable buildings actually traded for.

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