Quadplex Property with Two
For Sale
$2,600,000
129-131 SE 5th St, Hallandale Beach, FL 33009
Residential Income, Hallandale Beach, FL
Property Size13,990 SF
Price / SF$185.85
Days on Market103
Property Features for 129-131 SE 5th St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
CENTRAL
Bedrooms
14
Full bathrooms
14
Rooms
Bathroom 4, Bathroom 8, Bedroom 13, Bedroom 3, Bathroom 5, Bathroom 2, Bedroom 9, Bedroom 10, Bathroom 6, Bedroom 2, Bathroom 12, Bedroom 5, Bedroom 7, Bathroom 13, Bedroom 11, Bedroom 12, Bathroom 7, Bathroom 3, Bedroom 4, Bathroom 11, Bathroom 14, Bedroom 8, Bedroom 6, Bathroom 1, Bedroom 14, Bathroom 10, Bedroom 1, Bathroom 9
Parking
8
Subdivision
HALLANDALE PARK NO 3
Lot features
Flood Zone, 1/4 to 1/2 Acre Lot
Standard status
Active
APN
514227160560
Size
13,990 SF
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2024
Tax Description
HALLANDALE PARK NO 3 6-7 B LOTS 38,39 & 40 BLK 3
Tax Annual Amount
23136
Legal Description
HALLANDALE PARK NO 3 6-7 B LOTS 38,39 & 40 BLK 3
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Building Details
Year built
1977
Floors in Building
1
Flooring type
Tile
Building materials
CBS (Concrete Block Structure), Block
Roof type
Shingle
Architectural style
Other
Buildings
2
Listing Agency:
The Keyes Company
(305) 595-8166
Listed By:
Karl Fong Yee · License #3519129
(786) 525-1130
Added: Jul 18
Changed: Oct 24
Last Checked: Oct 28 at 7:06AM
MLS# A12035857
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Two separate buildings make up this residential property. The front building is occupied on a month-to-month basis and could be converted into four units: two with two bedrooms and two bathrooms each, and two with one bedroom and one bathroom each. The second building is set up for assisted living or other specialized residential uses. Construction is concrete block, with tile flooring, central heating, and central air conditioning. The property was built in 1977.
At 129-131 SE 5th Street in Hallandale Beach, the site is east of Gulfstream Park and across from a YMCA facility.
At 129-131 SE 5th Street in Hallandale Beach, the site is east of Gulfstream Park and across from a YMCA facility.
Key Highlights
- Two separate buildings at 129‑131 SE 5th St
- Front building occupied month‑to‑month
- Front building could accommodate four units: two 2‑bedroom/2‑bath units and two 1‑bedroom/1‑bath units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$233,211
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,664,220
$4.7M
Cap Rate 7%
$3,331,586
$3.3M
Cap Rate 9%
$2,591,233
$2.6M
Market Conditions
NOI Build-Up for 13,990 SF
Gross rent
$352.5K $25.20/SF
− Vacancy
−$19.4K −$1.39/SF
EGI
$333.2K $23.81/SF
− OpEx
−$99.9K −$7.14/SF
NOI
$233.2K $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%
$4,664,220
Cap Rate 7%
$3,331,586
Cap Rate 9%
$2,591,233
Alternative Uses
Best Use
Multifamily LT 5
$3.33M
$2.92M – $3.89M
NOI $233,211 @ 7.0% cap · market cap 8.97%
Second Best
Apartment 5plus
$3.07M
$2.69M – $3.59M
NOI $215,157 @ 7.0% cap · market cap 8.28%
Theoretical Best
Office A
$7.10M
$6.21M – $8.28M
NOI $496,840 @ 7.0% cap · market cap 19.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,827
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - The front structure is occupied month-to-month, while the second is configured for assisted living or other specialized residential use.
Where is this quadplex located?
The property is located at 129-131 SE 5th St Hallandale Beach, FL.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Two separate buildings at 129‑131 SE 5th St; Front building occupied month‑to‑month; Front building could accommodate four units: two 2‑bedroom/2‑bath units and two 1‑bedroom/1‑bath units
