Single-Story
For Sale
$399,000
1042 Foster Road, Hallandale Beach, FL 33009
Residential Income, Hallandale Beach, FL
Property Size973 SF
Lot Size0.07 Acres
Price / SF$410.07
Days on Market62
Property Features for 1042 Foster Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
WEST RAC
Bedrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1
Pets allowed
No, Yes
Subdivision
MEEKINS ADD NO 1 AMEN
Elementary school
Colbert
High school
Hallandale
Standard status
Active
APN
514221290160
Size
973 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
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
4371
Legal Description
MEEKINS ADD NO 1 AMEN 26-50 B N 70.30 OF THE E 42.00 OF LOT 16 BLK 4
Utilities
Sewer type
Public Sewer
Cooling system
Ceiling Fan(s), Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1959
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Brick, CBS
Roof type
Flat
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Blake B Jackson · License #3372456
(305) 298-3443
Added: Aug 6
Changed: Oct 5
Last Checked: Oct 6 at 12:06AM
MLS# B26060855
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 single-story duplex contains 973 square feet of finished living area on a 0.07-acre lot. The property was built in 1959 and has brick and CBS construction, tile flooring, and a flat roof. Cooling is provided by ceiling fans and window or wall/window units. The room information lists two bedrooms and two bathrooms.
The property is served by public water and public sewer and is zoned WEST RAC. One of the units is currently rented.
The property is served by public water and public sewer and is zoned WEST RAC. One of the units is currently rented.
Key Highlights
- 973 square feet of finished living space
- 0.07‑acre lot
- Built in 1959
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,220
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$324,400
$324.4K
Cap Rate 7%
$231,714
$231.7K
Cap Rate 9%
$180,222
$180.2K
Market Conditions
NOI Build-Up for 973 SF
Gross rent
$24.5K $25.20/SF
− Vacancy
−$1.3K −$1.39/SF
EGI
$23.2K $23.81/SF
− OpEx
−$7.0K −$7.14/SF
NOI
$16.2K $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 Rate 5%
$324,400
Cap Rate 7%
$231,714
Cap Rate 9%
$180,222
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 authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,406
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - One unit is currently rented, while the duplex configuration provides a second residential unit.
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: 973 square feet of finished living space; 0.07‑acre lot; Built in 1959
