Multi-Building Residential Income
129-131 SE 5th St Hallandale Beach, FL 33009
For Sale
$2,600,000
MULTI_FAMILY - Other - Hallandale Beach, FL
Property Size13,990 SF
Price / SF$185.85
Days on Market47
Property Features for 129-131 SE 5th St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
14
Rooms
Bedroom 13, Bedroom 3, Bathroom 3, Bathroom 12, Bathroom 2, Bedroom 7, Bedroom 6, Bathroom 14, Bathroom 1, Bathroom 13, Bathroom 6, Bathroom 7, Bathroom 5, Bedroom 8, Bathroom 9, Bedroom 2, Bedroom 11, Bedroom 4, Bedroom 5, Bathroom 10, Bedroom 14, Bedroom 10, Bedroom 9, Bedroom 12, Bathroom 4, Bathroom 11, Bathroom 8, Bedroom 1
Parking
8
Standard status
Active
APN
514227160560
Size
13,990 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
HALLANDALE PARK NO 3 6-7 B LOTS 38,39 & 40 BLK 3
Tax Annual Amount
23136
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)
Building Details
Year built
1977
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
The Keyes Company
(305) 595-8166
Listed By:
Karl Fong Yee · License #3519129
(786) 525-1130
Added: Jun 13
Changed: Jul 28
Last Checked: Jul 29 at 7:06AM
MLS# A12035857
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 for-sale multi-building property includes two separate structures. The front building is currently occupied on a month-to-month basis and provides a flexible starting point for reconfiguration into four residential units, including two 2-bedroom/2-bath units and two 1-bedroom/1-bath units. The second building is designed to support an assisted living facility (ALF) operator or other specialized residential use.
Located at 129-131 SE 5th St in Hallandale Beach, Florida (Broward County), the property sits on SE 5th Street just east of Gulfstream Park and directly across from the newly developed YMCA facility. The site’s main street setting supports tenant and resident accessibility for residential-focused operations.
For buyers, this asset offers multiple pathways depending on the operating plan. Residential investors may be interested in the front building’s potential to create four income-generating units, while ALF operators and other specialized residential users can evaluate the second building’s setup for that use. The combination of two buildings under one ownership provides room to align operations with changing occupancy and tenant requirements.
Located at 129-131 SE 5th St in Hallandale Beach, Florida (Broward County), the property sits on SE 5th Street just east of Gulfstream Park and directly across from the newly developed YMCA facility. The site’s main street setting supports tenant and resident accessibility for residential-focused operations.
For buyers, this asset offers multiple pathways depending on the operating plan. Residential investors may be interested in the front building’s potential to create four income-generating units, while ALF operators and other specialized residential users can evaluate the second building’s setup for that use. The combination of two buildings under one ownership provides room to align operations with changing occupancy and tenant requirements.
Key Highlights
- Block construction with central heating and central air, plus tile flooring.
- Roof type: shingle; sewer service: public sewer; cable available.
- Two separate buildings: front building currently month‑to‑month.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $352.5k | $25.20 |
| − Vacancy | −$19.4k | −$1.39 |
| EGI | $333.2k | $23.81 |
| − OpEx | −$99.9k | −$7.14 |
| NOI | $233.2k | $16.67 |
13,990 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$3.33M
$2.92M – $3.89M
NOI $233,211 @ 7.0% cap · market cap 8.97%
Second Best
Apartment 5plus
$3.07M
$2.69M – $3.59M
NOI $215,157 @ 7.0% cap · market cap 8.28%
Theoretical Best
Office A
$7.10M
$6.21M – $8.28M
NOI $496,840 @ 7.0% cap · market cap 19.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Two-building residential income opportunity with a month-to-month front structure and space suited for assisted living uses.
Where is this quadplex located?
The property is located at 129-131 SE 5th St Hallandale Beach, FL.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Block construction with central heating and central air, plus tile flooring.; Roof type: shingle; sewer service: public sewer; cable available.; Two separate buildings: front building currently month‑to‑month.
