Hallandale Beach Duplex
117 SW 1st Avenue Hallandale Beach, FL 33009
For Sale
$790,000
MULTI_FAMILY - Hallandale Beach, FL
Property Size3,612 SF
Price / SF$218.72
Days on Market229
Property Features for 117 SW 1st Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RS-6
Bedrooms
5
Rooms
Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 4, Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 2
Patio and Porch features
Porch
Standard status
Active
APN
514228022020
Size
3,612 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
TOWN OF HALLANDALE B-13 D LOT 14,BLK 30 AND LOT 15 LESS S 40 OF W 100,BLK 30
Tax Annual Amount
8821
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
1959
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
CBS
Roof type
Composition, Shingle
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Michelle A Morrison PA · License #673579
(954) 849-0509
Added: Dec 10, 2025
Changed: Jul 25
Last Checked: Jul 27 at 11:06AM
MLS# F10540736
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 property presents a fantastic investment opportunity, featuring a spacious duplex with two separate buildings situated on a single lot. The main residence includes 3 bedrooms and 2 bathrooms, while the second building offers 2 bedrooms and 2 bathrooms, providing flexible living arrangements and strong rental potential. The main building's roof is less than 2 years old, and the second building's roof is less than 1 year old. A Generac home generator, powered by propane, ensures reliable backup power. Currently operating as a group home, the property includes smoke alarms connected directly to the city for enhanced safety and compliance. The property is well-maintained, income-producing, and ideal for investors seeking a turnkey property with long-term value. The property is located in Hallandale Beach, Florida, in Broward County, and has a lot size of 3612 square feet. The zoning is RS-6.
Key Highlights
- Two separate buildings on one lot operating as a duplex/group home
- Main home: 3 bedrooms and 2 bathrooms with tile flooring, central heating, and central air
- Second building: 2 bedrooms and 2 bathrooms with tile flooring, central heating, and central air
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 | $91.0k | $25.20 |
| − Vacancy | −$5.0k | −$1.39 |
| EGI | $86.0k | $23.81 |
| − OpEx | −$25.8k | −$7.14 |
| NOI | $60.2k | $16.67 |
3,612 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$860.2K
$752.6K – $1.00M
NOI $60,211 @ 7.0% cap · market cap 7.62%
Second Best
Apartment 5plus
$793.6K
$694.4K – $925.8K
NOI $55,550 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$1.83M
$1.60M – $2.14M
NOI $128,276 @ 7.0% cap · market cap 16.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Spacious duplex with strong rental potential in Hallandale Beach.
Where is this duplex located?
The property is located at 117 SW 1st Avenue Hallandale Beach, FL.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Two separate buildings on one lot operating as a duplex/group home; Main home: 3 bedrooms and 2 bathrooms with tile flooring, central heating, and central air; Second building: 2 bedrooms and 2 bathrooms with tile flooring, central heating, and central air
