Quadplex with
For Sale
$1,499,000
249 SW 14th Street, Dania Beach, FL 33004
MULTI_FAMILY - Dania Beach, FL
Property Size3,375 SF
Lot Size0.37 Acres
Price / SF$444.15
Days on Market62
Property Features for 249 SW 14th Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
NBHD-RES
Bedrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 3
Pets allowed
Yes
Exterior features
Courtyard
Subdivision
NORTH HOLLYWOOD
Elementary school
Dania
Middle school
Olsen
High school
South Broward
Standard status
Active
APN
514203102940
Size
3,375 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
NORTH HOLLYWOOD 4-1 B LOT 20,21 BLK 25
Tax Annual Amount
5822
Legal Description
NORTH HOLLYWOOD 4-1 B LOT 20,21 BLK 25
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1956
Floors in Building
1
Number of units
4
Flooring type
Laminate, Tile
Building materials
CBS, Stucco
Roof type
Shingle
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
Elkin Sanchez · License #3554939
(954) 589-8763
Added: Jun 7
Changed: Aug 7
Last Checked: Aug 7 at 1:06PM
MLS# B26037954
Copyright © 2026 BeachesMLS. 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.
Fully occupied quadplex-style multifamily property arranged around a courtyard, featuring a main house plus four additional units. The home is served by public water and public sewer, with cable available. Interior finishes include tile and laminate flooring, and the property has central heating with central air conditioning.
Exterior construction is CBS with stucco, and the roof is shingle. The property was built in 1956. The site totals 0.37 acres and the building area is 3,375 square feet, providing a compact residential-income configuration suitable for tenant-occupied operations.
The property’s multifamily structure and stable tenant base are supported by a stated 6% cap rate, with zoning listed as NBHD-RES.
Exterior construction is CBS with stucco, and the roof is shingle. The property was built in 1956. The site totals 0.37 acres and the building area is 3,375 square feet, providing a compact residential-income configuration suitable for tenant-occupied operations.
The property’s multifamily structure and stable tenant base are supported by a stated 6% cap rate, with zoning listed as NBHD-RES.
Key Highlights
- Main house plus four additional units, fully occupied courtyard arrangement
- 0.37 acres with 3,375 SF building area
- Courtyard exterior feature
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
$56,261
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
3.75%
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%
$1,125,220
$1.1M
Cap Rate 7%
$803,729
$803.7K
Cap Rate 9%
$625,122
$625.1K
Market Conditions
NOI Build-Up for 3,375 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
$85.1K $25.20/SF
− Vacancy
−$4.7K −$1.39/SF
EGI
$80.4K $23.81/SF
− OpEx
−$24.1K −$7.14/SF
NOI
$56.3K $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%
$1,125,220
Cap Rate 7%
$803,729
Cap Rate 9%
$625,122
Alternative Uses
Best Use
Multifamily LT 5
$803.7K
$703.3K – $937.7K
NOI $56,261 @ 7.0% cap · market cap 3.75%
Second Best
Apartment 5plus
$741.5K
$648.8K – $865.1K
NOI $51,905 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,860 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,243
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied quadplex-style rental with a courtyard, public utilities, and NBHD-RES zoning.
Where is this quadplex located?
The property is located at 249 SW 14th Street Dania Beach, FL.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Main house plus four additional units, fully occupied courtyard arrangement; 0.37 acres with 3,375 SF building area; Courtyard exterior feature
