Two-Building Quadplex with ALF
129-131 SE 5th St, Hallandale Beach, FL 33009
New
Fourplex, Quadruplex - Hallandale Beach, FL
Type:Quadruplex
Property size:
13,990 SFPrice / SF:
$185/SF- Added:
- Jun 13, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 13 at 6:06 pm
Property Features for 129-131 SE 5th St
General Information
- Property type
- Residential
- Property subtype
- Quadruplex
- Zoning
- CENTRAL
- Bedrooms
- 14
- Bathrooms
- 14
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking
- 8
- Standard status
- Active
- APN
- 514227160560
- Size
- 13,990 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 23136
Utilities
- Heating system
- Central
- Cooling system
- Ceiling Fan(s), Central Air
Building Details
- Year built
- 1977
- Flooring type
- Tile
- Building materials
- Block
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Karl Fong Yee License #3519129 (800) 438-3973
Listing office The Keyes Company 2121 SW 3rd Avenue, Miami, FL (800) 438-3973
Listing date Jun 13, 2026
MLS# A12035857
Listing URL
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.
HighLights
- Two‑building property on SE 5th Street with options for residential or specialized use
- Front building is currently occupied on a month‑to‑month basis
- Front building conversion potential for four units: two 2 bed / 2 bath and two 1 bed / 1 bath
- Second building is set up for an Assisted Living Facility (ALF) or other specialized residential uses
- Built in 1977 with block construction and a shingle roof
- Central HVAC with central air, plus tile flooring and ceiling fans
Overview
This two-building property is configured to support multiple residential operating models. The front building is currently occupied on a month-to-month basis and offers a conversion path to four residential income-producing units, including two 2-bedroom/2-bath units and two 1-bedroom/1-bath units. The second building is described as having an excellent setup for an Assisted Living Facility (ALF) operator or other specialized residential uses. The property’s zoning is listed as CENTRAL.
Located at 129-131 SE 5th St in Hallandale Beach, FL, the site is described as just east of Gulfstream Park. The property is also noted as directly across from a newly developed YMCA facility, giving it a clear, accessible presence in the immediate area.
For buyers and operators, the layout and described uses make the asset particularly workable for a team looking to run a specialized residential model while also pursuing residential unit conversion of the front building. The current month-to-month occupancy may also appeal to operators seeking continuity while evaluating long-term configuration options.
Located at 129-131 SE 5th St in Hallandale Beach, FL, the site is described as just east of Gulfstream Park. The property is also noted as directly across from a newly developed YMCA facility, giving it a clear, accessible presence in the immediate area.
For buyers and operators, the layout and described uses make the asset particularly workable for a team looking to run a specialized residential model while also pursuing residential unit conversion of the front building. The current month-to-month occupancy may also appeal to operators seeking continuity while evaluating long-term configuration options.
Local 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 | $352.5k | $25.20 |
| − Vacancy | −$19.4k | −$1.39 |
| EGI | $333.2k | $23.81 |
| − OpEx | −$99.9k | −$7.14 |
| NOI | $233.2k | $16.67 |
13,990 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Assisted living facilities
Similar Places Nearby
- Safe Program Elder Care Co — 1250 E Hallandale Beach Blvd #806, Hallandale Beach, FL 33009
- Heartland Hospice — 134 S Dixie Hwy #207, Hallandale Beach, FL 33009
- Shalom ALF Home — 2570 NE 215th St, Miami, FL 33180
- Suncoast Residential Care — 813 SW 9th St, Hallandale Beach, FL 33009
- Inpatient Hospice Unit at Aventura Hospital & Medical Center — 20900 Biscayne Blvd, Aventura, FL 33180
Map
- City
- Hallandale Beach
- County
- Broward
- State
- Florida
- Longitude
- -80.1469
- Latitude
- 25.9859
Nearby Similar for Sale
FAQs
What type of property is this?
Assisted living facility - Two-building property with a month-to-month front building and a second building suited for assisted living or specialized residential use.
Where is this assisted living facility 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‑building property on SE 5th Street with options for residential or specialized use; Front building is currently occupied on a month‑to‑month basis; Front building conversion potential for four units: two 2 bed / 2 bath and two 1 bed / 1 bath
