Renovated Duplex Near
For Sale
$550,000
715 SW 6th St, Dania Beach, FL 33004
Residential Income, Dania Beach, FL
Property Size1,541 SF
Price / SF$356.91
Days on Market54
Property Features for 715 SW 6th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
NBHD-RES
Bedrooms
4
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 1
Parking
4
Subdivision
COLLEGE TRACT
Lot features
< 1/4 Acre
Standard status
Active
APN
514203340770
Size
1,541 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
COLLEGE TRACT 19-9 B LOT 9 BLK 6
Tax Annual Amount
8720
Legal Description
COLLEGE TRACT 19-9 B LOT 9 BLK 6
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Window Unit(s), Central Air, Wall/Window Unit(s)
Building Details
Year built
1964
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Flat, Tile
Listing Agency:
Yaffe International Realty
(305) 741-0002
Listed By:
Federico Yaffe · License #3259017
(786) 267-1000
Added: Jul 18
Changed: Sep 4
Last Checked: Sep 9 at 4:06AM
MLS# A11996435
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 duplex contains two residential units, each arranged with two bedrooms and one bathroom, within 1,541 square feet. The 1964 property has block construction, tile flooring, a flat and tile roof, public sewer service, central heating, and cooling that includes central air and wall/window units. A new roof was installed in 2024, along with new electrical panels and electricity completed with permits.
The property is located at 715 SW 6th St in Dania Beach, near Fort Lauderdale Airport and the beach. Its two-unit configuration supports separate residential occupancy, with each side offering the same two-bedroom, one-bathroom arrangement. The reported 6% cap rate provides an additional operating metric for evaluation.
The property is located at 715 SW 6th St in Dania Beach, near Fort Lauderdale Airport and the beach. Its two-unit configuration supports separate residential occupancy, with each side offering the same two-bedroom, one-bathroom arrangement. The reported 6% cap rate provides an additional operating metric for evaluation.
Key Highlights
- Two‑unit duplex with 2 beds / 1 bath per unit
- 1,541 square feet on a 1964‑built property
- New roof installed in 2024
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
$25,688
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
4.67%
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%
$513,760
$513.8K
Cap Rate 7%
$366,971
$367.0K
Cap Rate 9%
$285,422
$285.4K
Market Conditions
NOI Build-Up for 1,541 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
$38.8K $25.20/SF
− Vacancy
−$2.1K −$1.39/SF
EGI
$36.7K $23.81/SF
− OpEx
−$11.0K −$7.14/SF
NOI
$25.7K $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%
$513,760
Cap Rate 7%
$366,971
Cap Rate 9%
$285,422
Alternative Uses
Best Use
Multifamily LT 5
$367.0K
$321.1K – $428.1K
NOI $25,688 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$338.6K
$296.3K – $395.0K
NOI $23,700 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$781.8K
$684.1K – $912.1K
NOI $54,727 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,632
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?
Duplex - Two residential units offer a practical layout with updated major systems and proximity to the airport and beach.
Where is this duplex located?
The property is located at 715 SW 6th St Dania Beach, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 beds / 1 bath per unit; 1,541 square feet on a 1964‑built property; New roof installed in 2024
