Hallandale Beach Duplex For
1042 Foster Road Hallandale Beach, FL 33009
For Sale
$399,000
MULTI_FAMILY - Hallandale Beach, FL
Property Size973 SF
Price / SF$410.07
Days on Market190
Property Features for 1042 Foster Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- RD-12
- Bedrooms
- 2
- Rooms
- Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1
- Patio and Porch features
- Porch
- Exterior features
- Balcony
- Standard status
- Active
- APN
- 514221290160
- Size
- 973 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- MEEKINS ADD NO 1 AMEN 26-50 B N 70.30 OF THE E 42.00 OF LOT 16 BLK 4
- Tax Annual Amount
- 3945
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
Building Details
- Year built
- 1959
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile
- Building materials
- Block
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Blake B Jackson · License #3372456
(305) 298-3443
Added: Jan 17
Changed: Jul 25
Last Checked: Jul 26 at 9:06AM
MLS# F10546012
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.
This duplex is located in Hallandale Beach, Florida. The property is conveniently located next to I-95. It features two units, each with one bedroom and one bathroom. The property has a new roof, new A/Cs, and new windows with sliding hurricane shutters. Tile flooring is installed throughout both units. Each unit has separate electric and water meters. The property is zoned RD-12. The property size is 973 square feet. Both units can easily rent for $1500 per month. Unit #1 (door on left) can be shown.
Key Highlights
- Duplex with two full 1‑bedroom, 1‑bath units
- New roof, new A/Cs, and new windows with sliding hurricane shutters
- Tile flooring throughout both units
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 | $24.5k | $25.20 |
| − Vacancy | −$1.3k | −$1.39 |
| EGI | $23.2k | $23.81 |
| − OpEx | −$7.0k | −$7.14 |
| NOI | $16.2k | $16.67 |
973 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$231.7K
$202.8K – $270.3K
NOI $16,220 @ 7.0% cap · market cap 4.07%
Second Best
Apartment 5plus
$213.8K
$187.1K – $249.4K
NOI $14,964 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$493.6K
$431.9K – $575.9K
NOI $34,555 @ 7.0% cap · market cap 8.66%
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
FAQs
What type of property is this?
Duplex - Duplex near I-95 with new roof and A/Cs.
Where is this duplex located?
The property is located at 1042 Foster Road Hallandale Beach, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Duplex with two full 1‑bedroom, 1‑bath units; New roof, new A/Cs, and new windows with sliding hurricane shutters; Tile flooring throughout both units
