Home » Properties » 520 SW Krome Ter, Homestead FL 33030

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Fourplex Investment Opportunity in Homestead, FL

Own a fourplex near downtown Homestead with 2-bed, 1-bath units, steady rental demand, and long-term development potential.

$1,475,000

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MLS #A11909052

Listing Updated: 2026-07-30 00:22:09

Listed By: Charleemax Realtors

Overview

This fourplex located at 520 SW Krome Ter in Homestead, FL, presents a solid investment opportunity. Built in 1972, each of the four units offers two bedrooms and one bathroom, providing functional living spaces that attract consistent tenant interest. The property benefits from a 40-year recertification valid through June 27, 2032, ensuring regulatory compliance and peace of mind for owners. Situated near Krome Avenue and US-1, it offers convenient access to downtown Homestead and surrounding amenities. The large lot includes two neighboring parcels, enhancing future development possibilities. This property is well-suited for investors seeking steady cash flow with potential for long-term growth in a high-demand area.

Property Highlights

Fourplex with 2-bed, 1-bath units; 40-year recertification through 2032; near Krome Ave and US-1; large lot with development potential; steady tenant demand.

Property Details

City: Homestead

State: FL

Zip Code: 33030

Address: 520 SW Krome Ter, Homestead FL 33030

Year Built: 1972

Property Type: Residential Income

Property Sub Type: Quadruplex

Listing Office Name: Charleemax Realtors

County: Miami-Dade County

Garage Spaces:

Parking Features:

Interior Features: Stairs

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $9,162

Days On Market: 213 Days

Original Listing Description

Prime Investment Property with Development Potential! Excellent opportunity to own a fourplex located just off Krome Avenue near US-1 and minutes from downtown Homestead. Each of the four units features 2 bedrooms and 1 bath, offering steady rental income and strong tenant demand in a high-growth area. The property includes a 40-year recertification valid through June 27, 2032, ensuring compliance and peace of mind. With its large lot and future development potential, this property is ideal for investors seeking immediate cash flow with long-term upside. Listing includes 4plex with 2 neighboring lots. (Folio# 10-7813-050-0370) (Folio# 10-7813-050-0381)

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

520 SW Krome Ter, Homestead FL 33030

About This Neighborhood

Located just off Krome Avenue and minutes from downtown Homestead, this property benefits from a neighborhood with easy access to shopping, dining, and transportation. The area is characterized by a mix of residential and commercial developments, contributing to a balanced community atmosphere. Proximity to US-1 enhances connectivity to Miami and other parts of South Florida, making it convenient for residents and tenants. The neighborhood’s growth potential and accessibility make it appealing for both residents and investors.

Walkability & Lifestyle

Residents enjoy walkable access to local amenities including shops, restaurants, and services near Krome Avenue and downtown Homestead. The area offers a blend of urban convenience and suburban comfort, with parks and recreational spaces accessible for outdoor activities. Proximity to US-1 and public transit options enhances mobility, making daily errands and commuting manageable without reliance on a car.

Things To Do Nearby

Homestead provides a variety of leisure activities including dining, shopping, and outdoor recreation. Nearby parks and green spaces offer opportunities for walking, jogging, and family outings. The proximity to Florida’s natural attractions and waterfront areas allows for boating, fishing, and exploring local culture. Residents can enjoy a balanced lifestyle with access to both urban amenities and natural settings.

Nearby Schools

The neighborhood around 520 SW Krome Ter offers access to a range of educational institutions, including public and private schools serving various grade levels. Families benefit from the convenience of nearby schools, which contribute to the community’s family-friendly environment. The accessibility of educational facilities supports tenant retention and appeals to residents seeking quality schooling options within a reasonable distance.

Why Buyers Like This Area

Buyers appreciate this property for its strategic location near downtown Homestead and major transportation routes, which supports tenant demand and ease of access. The fourplex layout with multiple units provides diversification within one investment. The large lot and inclusion of adjacent parcels offer development flexibility, appealing to buyers interested in both income generation and future growth. The property’s certification status adds confidence in its condition and compliance.

Investment Potential

This fourplex in Homestead offers an attractive investment opportunity with steady rental demand driven by its convenient location near downtown and major roads like Krome Avenue and US-1. The property’s 40-year recertification ensures compliance, reducing risk for investors. The inclusion of two neighboring lots expands development possibilities, making it suitable for those interested in both immediate cash flow and long-term growth. The area's ongoing growth supports sustained tenant interest, making this property a practical choice for residential income seekers.

Market Trends

The Homestead real estate market continues to attract interest due to its strategic location near Miami and ongoing development projects. Demand for multi-family properties like fourplexes remains stable, supported by affordable pricing relative to nearby urban centers. Inventory levels in this segment are moderate, offering opportunities for buyers seeking income properties. The area’s long-term appeal is reinforced by infrastructure improvements and increasing tenant demand, reflecting a balanced market environment.

Rental Income Potential

This fourplex’s configuration of four 2-bedroom, 1-bath units is attractive to a broad tenant base, including families and professionals. The property’s location near major roads and downtown Homestead supports consistent rental interest. Seasonal demand fluctuations are mitigated by the area’s year-round residential appeal. Investors can expect steady occupancy potential, with the property’s recertification providing added assurance of compliance and tenant safety.