Coldwell Banker Commercial Realty Brokers $21.22 Million Sale of 74 Unit Multifamily Property in Hialeah, Florida
HIALEAH, Fla. (March 12, 2026) – Coldwell Banker Commercial Realty is proud to announce the sale of a 74‑unit multifamily property at 1350 W. 46th St. in Hialeah, Florida, which closed March 1, 2026 for $21.22 million. Alex Lizama of Coldwell Banker Commercial Realty represented the seller in the transaction.
Built in 1972, the property spans approximately 77,940 square feet on a 77,375‑square‑foot lot. The sale price equates to $286,756 per unit, positioning the transaction among the highest price‑per‑door sales ever recorded in Hialeah for a 1970s‑era multifamily asset.
The seller was Royal Income Properties Inc. The buyer was a private investment group that has requested anonymity.
“This transaction reflects both the depth of investor demand for well‑located multifamily assets in Hialeah and the strength of the submarket,” Lizama said. “Achieving this level of pricing required disciplined underwriting, precise positioning, and a clear understanding of how buyers are evaluating long‑term income potential in today’s environment.”
Lizama is a commercial broker with Coldwell Banker Commercial Realty, specializing in multifamily investment sales throughout South Florida. For more information, contact him at (305) 409-3045 or alexpassiveincome2@gmail.com.
About Coldwell Banker Commercial
Coldwell Banker Commercial is a trusted leader in commercial real estate, delivering expert solutions across office, retail, industrial, and multifamily properties globally. Serving owners and occupiers with specialized leasing, acquisition, and disposition services, Coldwell Banker Commercial brings over a century of proven expertise to every transaction. Founded in 1906 in San Francisco, the company has grown to include a network of 182 independently owned and operated affiliates as well as owned brokerage and 3,330 professionals. Ranked No. 1 in local market presence and expertise according to CRE professionals, the company spans 50 countries, offering clients personalized, results-driven services tailored to meet diverse real estate needs. Trailblazers in the industry, Coldwell Banker Commercial boasts a long-standing reputation for dedication, integrity, and transparency while continuing to rank among the Top 15 commercial real estate brands in the U.S. based on sales volume. Coldwell Banker Commercial is a part of Compass International Holdings (NYSE: COMP), a global real estate services company with a presence in every major U.S. city and in approximately 120 countries and territories. For more information, visit cbcworldwide.com.
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Media Contact: Kevin J. Guhl, kevin.guhl@cbrealty.com, 973-407-5916
