Remodeled Fourplex with Furnished
For Sale
$1,195,000
412 NE 4th Ave, Hallandale Beach, FL 33009
Residential Income, Hallandale Beach, FL
Property Size2,151 SF
Price / SF$555.56
Days on Market48
Property Features for 412 NE 4th Ave
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
CENTRAL
Bedrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 2, Bathroom 4, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 3
Parking
8
Security features
Security
Exterior features
Lighting, Security/High Impact Doors
Subdivision
HALLANDALE PINES ESTATES
Lot features
< 1/4 Acre
Standard status
Active
APN
514222340160
Size
2,151 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
HALLANDALE PINES ESTATES 28-31 B LOT 16
Tax Annual Amount
17454
Legal Description
HALLANDALE PINES ESTATES 28-31 B LOT 16
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
on-site laundry
central air conditioning
Building Details
Year built
1989
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Concrete
Architectural style
Other
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
Janet Gonzalez Hall · License #3348142
(786) 348-5057
Added: Aug 10
Changed: Sep 16
Last Checked: Sep 26 at 5:06PM
MLS# A12060674
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 2,151-square-foot quadplex contains four identical one-bedroom, one-bath units. The residences were remodeled in 2024 and are furnished with open layouts, tile flooring, contemporary finishes, central air conditioning, and impact windows and doors. The property also includes on-site laundry, eight parking spaces, separate electric and water meters, and electric panels installed under permit. Block construction, a concrete roof, public water, and public sewer are also in place.
The property is located at 412 NE 4th Ave in Hallandale Beach, approximately two miles from the beach. Gulfstream Park is 4 minutes away, Hollywood Beach is 6 minutes away, Aventura Mall is 8 minutes away, I-95 is 10 minutes away, and Fort Lauderdale-Hollywood International Airport is 15 minutes away. The surrounding area includes shopping centers, marinas, major highways, Aventura, and Gulfstream Park and Racing Casino.
The property is located at 412 NE 4th Ave in Hallandale Beach, approximately two miles from the beach. Gulfstream Park is 4 minutes away, Hollywood Beach is 6 minutes away, Aventura Mall is 8 minutes away, I-95 is 10 minutes away, and Fort Lauderdale-Hollywood International Airport is 15 minutes away. The surrounding area includes shopping centers, marinas, major highways, Aventura, and Gulfstream Park and Racing Casino.
Key Highlights
- Four identical 1/1 units in a quadplex
- 2,151 SF property remodeled in 2024
- Furnished units with central A/C and impact windows/doors
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
$35,857
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
3.00%
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%
$717,140
$717.1K
Cap Rate 7%
$512,243
$512.2K
Cap Rate 9%
$398,411
$398.4K
Market Conditions
NOI Build-Up for 2,151 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
$54.2K $25.20/SF
− Vacancy
−$3.0K −$1.39/SF
EGI
$51.2K $23.81/SF
− OpEx
−$15.4K −$7.14/SF
NOI
$35.9K $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%
$717,140
Cap Rate 7%
$512,243
Cap Rate 9%
$398,411
Alternative Uses
Best Use
Multifamily LT 5
$512.2K
$448.2K – $597.6K
NOI $35,857 @ 7.0% cap · market cap 3.00%
Second Best
Apartment 5plus
$472.6K
$413.5K – $551.4K
NOI $33,081 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$1.09M
$954.9K – $1.27M
NOI $76,391 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,015
Businesses Nearby
Explore this area
Business Placement
Demographics for 33009, FL
43,301
Population
31,020
Households
1.4
Avg Household Size
47
Median Age
36%
College-Educated
88%
High-School Grad
4.9 sq mi
ZIP Area
8,837
Density / Sq Mi
$48,196
Median Household Income
$33,928
Median Earnings
$1,576
Median Rent
$248,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four matching residences offer central air, impact-rated openings, contemporary finishes, and shared laundry facilities.
Where is this quadplex located?
The property is located at 412 NE 4th Ave Hallandale Beach, FL.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Four identical 1/1 units in a quadplex; 2,151 SF property remodeled in 2024; Furnished units with central A/C and impact windows/doors
