Two-Unit Duplex with Private
New
For Sale
$550,000
138 SE 2nd Ave, Dania Beach, FL 33004
Residential Income, Dania Beach, FL
Property Size1,747 SF
Price / SF$314.83
Days on Market4
Property Features for 138 SE 2nd Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
NBHD-RES
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1
Parking
4
Subdivision
MASON SUB AMENDED PLAT
Lot features
Flood Zone, < 1/4 Acre
Standard status
Active
APN
504234180291
Size
1,747 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
MASON SUB AMENDED PLAT 14-19 1/2 B LOTS 23 & 24 BLK 3
Tax Annual Amount
8033
Legal Description
MASON SUB AMENDED PLAT 14-19 1/2 B LOTS 23 & 24 BLK 3
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Wall/Window Unit(s), Window Unit(s)
Amenities
private laundry room
Building Details
Year built
1965
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Flat, Tile
Listing Agency:
Charles Rutenberg Realty FTL
(954) 396-3001
Listed By:
Hope Stoller · License #697363
(954) 610-0605
Added: Oct 17
Changed: Oct 20
Last Checked: Oct 20 at 9:06PM
MLS# A12108460
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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Investment Insights
Based on property information with market context.
This 1,747-square-foot duplex contains two separate two-bedroom, one-bathroom residences, each with a private laundry room. The 1965 building has block construction and tile flooring. The roof is approximately six years old, the water heaters are newer, and the exterior has been freshly painted. Public sewer service is available, along with cable access.
Situated east of US-1 in Dania Beach, the property is near Dania Pointe, the beach, dining, nightlife, and entertainment, as well as Hard Rock Hotel. Both units are occupied under month-to-month leases.
Situated east of US-1 in Dania Beach, the property is near Dania Pointe, the beach, dining, nightlife, and entertainment, as well as Hard Rock Hotel. Both units are occupied under month-to-month leases.
Key Highlights
- Two separate 2‑bedroom, 1‑bathroom residences
- 1,747 square feet
- Private laundry room for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,122
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,440
$582.4K
Cap Rate 7%
$416,029
$416.0K
Cap Rate 9%
$323,578
$323.6K
Market Conditions
NOI Build-Up for 1,747 SF
Gross rent
$44.0K $25.20/SF
− Vacancy
−$2.4K −$1.39/SF
EGI
$41.6K $23.81/SF
− OpEx
−$12.5K −$7.14/SF
NOI
$29.1K $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%
$582,440
Cap Rate 7%
$416,029
Cap Rate 9%
$323,578
Alternative Uses
Best Use
Multifamily LT 5
$416.0K
$364.0K – $485.4K
NOI $29,122 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$383.8K
$335.9K – $447.8K
NOI $26,868 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$886.3K
$775.5K – $1.03M
NOI $62,043 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,556
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have two bedrooms, one bathroom, and separate laundry rooms.
Where is this duplex located?
The property is located at 138 SE 2nd Ave Dania Beach, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two separate 2‑bedroom, 1‑bathroom residences; 1,747 square feet; Private laundry room for each unit
