Triplex with Two Guest
For Sale
$730,000
40 SE 8th St, Dania Beach, FL 33004
Main residence plus two independent guest quarters each offer full kitchens and private baths.
Property Size2,211 SF
Days on Market123
Property Features for 40 SE 8th St
General Information
Standard status
Active
Size
2,211 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$11,031
Building Details
Building Size
2,211 SF
Year Built
1955
Stories
1
Listed By:
Kimberly DeSocio
(954) 303-1082
Source:
Elliman
Added: May 10
Changed: Aug 25
Last Checked: Sep 8 at 6:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kimberly DeSocio
Investment Insights
Based on property information with market context.
This triplex-style property includes a main residence and two independent guest quarters, with each guest quarter featuring a full kitchen and a private bathroom. The overall setup is designed to balance shared ownership with privacy across separate quarters.
Located in East Dania Beach at 40 SE 8th St, the property is described as being about 10 minutes from FTL Airport and roughly 1.5 miles from the shores of Dania and Hollywood Beaches. It is also positioned moments from Dania Pointe dining and shopping, with local schools and nearby entertainment mentioned in the listing.
The property is currently featuring stable, long-term tenants. Listing showings are restricted to buyers providing proof of funds or verified financing approval. BikeScore is 78 (very bikeable), walkScore is 86 (very walkable), and transitScore is 41 (some transit), per the provided materials.
Located in East Dania Beach at 40 SE 8th St, the property is described as being about 10 minutes from FTL Airport and roughly 1.5 miles from the shores of Dania and Hollywood Beaches. It is also positioned moments from Dania Pointe dining and shopping, with local schools and nearby entertainment mentioned in the listing.
The property is currently featuring stable, long-term tenants. Listing showings are restricted to buyers providing proof of funds or verified financing approval. BikeScore is 78 (very bikeable), walkScore is 86 (very walkable), and transitScore is 41 (some transit), per the provided materials.
Key Highlights
- Main residence plus two independent guest quarters, each with full kitchens and private baths
- Year built: 1955
- Located about 10 minutes from FTL Airport
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,857
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$737,140
$737.1K
Cap Rate 7%
$526,529
$526.5K
Cap Rate 9%
$409,522
$409.5K
Market Conditions
NOI Build-Up for 2,211 SF
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.
Gross rent
$55.7K $25.20/SF
− Vacancy
−$3.1K −$1.39/SF
EGI
$52.7K $23.81/SF
− OpEx
−$15.8K −$7.14/SF
NOI
$36.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$737,140
Cap Rate 7%
$526,529
Cap Rate 9%
$409,522
Alternative Uses
Best Use
Multifamily LT 5
$526.5K
$460.7K – $614.3K
NOI $36,857 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$485.8K
$425.1K – $566.7K
NOI $34,004 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$1.12M
$981.5K – $1.31M
NOI $78,521 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,107
Businesses Nearby
Explore this area
Business Placement
Demographics for 33004, FL
16,162
Population
9,427
Households
1.7
Avg Household Size
45
Median Age
34%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
2,377
Density / Sq Mi
$50,783
Median Household Income
$41,540
Median Earnings
$1,616
Median Rent
$336,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Main residence plus two independent guest quarters each offer full kitchens and private baths.
Where is this triplex located?
The property is located at 40 SE 8th St Dania Beach, FL.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: Main residence plus two independent guest quarters, each with full kitchens and private baths; Year built: 1955; Located about 10 minutes from FTL Airport
