Remodeled Triplex with Impact
For Sale
$979,990
111 NW 7th Ave, Dania Beach, FL 33004
Residential Income, Dania Beach, FL
Property Size2,128 SF
Price / SF$460.52
Days on Market45
Property Features for 111 NW 7th Ave
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
NBHD-RES
Bedrooms
6
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 1, Bedroom 3, Bedroom 5, Bedroom 4, Bedroom 6, Bathroom 3, Bathroom 1, Bathroom 2
Parking
6
Security features
Security
Patio and Porch features
Patio
Exterior features
Barbecue, Fence, Lighting, Patio, Security/High Impact Doors
Fencing
Fenced
Subdivision
TOWN OF MODELO (DANIA) B-
Lot features
1/4 to 1/2 Acre Lot
Standard status
Active
APN
504234014180
Size
2,128 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
TOWN OF MODELO (DANIA) B-49 D LOT 20 BLK 30
Tax Annual Amount
12433
Legal Description
TOWN OF MODELO (DANIA) B-49 D LOT 20 BLK 30
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Building Details
Year built
1968
Floors in Building
1
Flooring type
Laminate
Building materials
Block
Roof type
Shingle
Listing Agency:
United Realty Group Inc
(954) 450-2000
Listed By:
Jenny Angelica Vega · License #3605413
(954) 716-0733
Added: Jul 25
Changed: Sep 4
Last Checked: Sep 7 at 9:06PM
MLS# A11936067
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,128-square-foot triplex in Dania Beach was remodeled in 2024 with permits and includes a 2024 shingle roof, impact-resistant doors and windows, and block construction. The interior layout includes six bedrooms and three bathrooms, with laminate flooring, central cooling, and electric central heating. Exterior features include a fenced patio, lighting, barbecue area, and security/high-impact doors.
The property is located at 111 NW 7th Ave in Dania Beach, within proximity to C.W. Thomas Park. The park includes a swimming pool, fitness center, computer lab, craft and reading rooms, recreation hall with full kitchen, playground, three outdoor basketball courts, and a multipurpose field. Public sewer service and cable availability are also reported.
The property is located at 111 NW 7th Ave in Dania Beach, within proximity to C.W. Thomas Park. The park includes a swimming pool, fitness center, computer lab, craft and reading rooms, recreation hall with full kitchen, playground, three outdoor basketball courts, and a multipurpose field. Public sewer service and cable availability are also reported.
Key Highlights
- Triplex remodeled in 2024 with permits
- 2,128 SF building with six bedrooms and three bathrooms
- 2024 shingle roof and impact‑resistant doors and windows
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,473
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$709,460
$709.5K
Cap Rate 7%
$506,757
$506.8K
Cap Rate 9%
$394,144
$394.1K
Market Conditions
NOI Build-Up for 2,128 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$53.6K $25.20/SF
− Vacancy
−$2.9K −$1.39/SF
EGI
$50.7K $23.81/SF
− OpEx
−$15.2K −$7.14/SF
NOI
$35.5K $16.67/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$709,460
Cap Rate 7%
$506,757
Cap Rate 9%
$394,144
Alternative Uses
Best Use
Multifamily LT 5
$506.8K
$443.4K – $591.2K
NOI $35,473 @ 7.0% cap · market cap 3.62%
Second Best
Apartment 5plus
$467.5K
$409.1K – $545.5K
NOI $32,727 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$1.08M
$944.7K – $1.26M
NOI $75,574 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,765
Businesses Nearby
Explore this area
Business Placement
Demographics for 33004, FL
16,162
Population
9,427
Households
1.7
Avg Household Size
45
Median Age
34%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
2,377
Density / Sq Mi
$50,783
Median Household Income
$41,540
Median Earnings
$1,616
Median Rent
$336,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Six-bedroom, three-bath configuration includes central heating and cooling, a fenced patio, and public sewer.
Where is this triplex located?
The property is located at 111 NW 7th Ave Dania Beach, FL.
What is the asking price?
The asking price for this property is $979,990.
What are key features of this property?
This property features: Triplex remodeled in 2024 with permits; 2,128 SF building with six bedrooms and three bathrooms; 2024 shingle roof and impact‑resistant doors and windows
