Corner-Lot Multifamily
329 SE 2nd St Hallandale Beach, FL 33009
329 SE 2nd St, Hallandale Beach, FL, 33009
$1,180,000
For Sale
$1,180,000
MULTI_FAMILY - Hallandale Beach, FL
Property Size2,908 SF
Price / SF$405.78
Days on Market14
Property Features for 329 SE 2nd St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Bedrooms
- 5
- Rooms
- Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 4, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 2
- Parking
- 4
- Standard status
- Active
- APN
- 514227020061
- Size
- 2,908 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 6 3-20 B LOT 15
- Tax Annual Amount
- 8916
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1978
- Floors in Building
- 1
- Flooring type
- Laminate
- Building materials
- Block
- Roof type
- Shingle
Listing agency
Florida Capital Realty
(786) 953-5870
Listed by
Berlinda Medina · License #3059307
(786) 262-1982
Added: Jul 9 Updated: Jul 18 at 1:39AM Checked: Jul 22 at 10:06AM
MLS# A12048899
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 corner-lot multifamily property is offered for sale as a fully leased investment. The building provides approximately 3,000 square feet of living space, and all units have been substantially renovated. Updates include renovated kitchens, impact windows, and in-unit washers and dryers. A new roof was installed in 2022.
The property is located at 329 SE 2nd St in Hallandale Beach, Florida. It is situated one block from US-1 and one block from Hallandale Beach Boulevard.
With renovations already completed across the units and roof replacement in place, the property offers a turn-key profile for an investor seeking immediate rental income.
The property is located at 329 SE 2nd St in Hallandale Beach, Florida. It is situated one block from US-1 and one block from Hallandale Beach Boulevard.
With renovations already completed across the units and roof replacement in place, the property offers a turn-key profile for an investor seeking immediate rental income.
Key Highlights
- Multifamily corner lot with approximately 3,000 sq ft of living space and is fully leased
- New roof installed in 2022
- Renovated units with updated kitchens, impact windows, and in‑unit washer and dryer
Local 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 | $73.3k | $25.20 |
| − Vacancy | −$4.0k | −$1.39 |
| EGI | $69.3k | $23.81 |
| − OpEx | −$20.8k | −$7.14 |
| NOI | $48.5k | $16.67 |
2,908 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$692.5K
$606.0K – $807.9K
NOI $48,476 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$638.9K
$559.0K – $745.4K
NOI $44,723 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,275 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Fully leased corner-lot multifamily with substantially renovated units, impact windows, in-unit washers/dryers, and a roof replaced in 2022.
Where is this triplex located?
The property is located at 329 SE 2nd St Hallandale Beach, FL.
What is the asking price?
The asking price for this property is $1,180,000.
What are key features of this property?
This property features: Multifamily corner lot with approximately 3,000 sq ft of living space and is fully leased; New roof installed in 2022; Renovated units with updated kitchens, impact windows, and in‑unit washer and dryer
