Two-Duplex Residential Income
1450-1470 SW 2nd Avenue, Dania Beach, FL 33004
For Sale
Contact for pricing
Two concrete-block duplex buildings with multiple bedrooms, off-street parking, and in-unit laundry options.
Property Size4,292 SF
Price / SF$279.59
Days on Market148
Property Features for 1450-1470 SW 2nd Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Net Operating Income
Additional Details
Fenced Yard
Multifamily Units
Building Details
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
Marcus & Millichap - Fort Lauderdale
Listed By:
Evan Kristol · License FL SL640466
(954) 245-3459
Source:
Crexi
Added: Jun 19
Changed: Nov 8
Last Checked: Nov 12 at 7:55AM
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 Marcus & Millichap - Fort Lauderdale
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Investment Insights
Based on property information with market context.
This for-sale residential income property consists of two duplex buildings built in 1980 with concrete block construction. Each building features one two-bedroom apartment and one three-bedroom apartment. The two-bedroom units are approximately 1,000 SF, while the three-bedroom units are approximately 1,146 SF. The apartments include central air conditioning and heat, individual hot water heaters, and several units have washer and dryers in the units. Tenant responsibility includes electricity, while the owner pays for water and sewer. Trash removal is included in the property taxes. The property also offers ample off-street parking, a private fenced yard, and ample green space.
The duplexes are located in Dania Beach, several blocks west of US-1 and just north of Sheridan Street. The location is a short walk to Oakwood Plaza, a large retail center that includes major tenants such as Home Depot, BJ, Dick’s, Dave & Busters, Marshalls, and additional restaurants and retailers. Just north of Oakwood Plaza is Dania Point, an open-air mixed-use lifestyle center with retail, hospitality, office space, and entertainment components.
This configuration can fit an owner seeking a straightforward two-building, four-unit duplex setup with utilities structured so tenants handle electricity while the owner covers water and sewer. With on-site parking, yard space, and in-unit laundry in select units, the layout supports comfortable tenant use and practical property management for an investor or buyer looking to operate a small residential income asset.
The duplexes are located in Dania Beach, several blocks west of US-1 and just north of Sheridan Street. The location is a short walk to Oakwood Plaza, a large retail center that includes major tenants such as Home Depot, BJ, Dick’s, Dave & Busters, Marshalls, and additional restaurants and retailers. Just north of Oakwood Plaza is Dania Point, an open-air mixed-use lifestyle center with retail, hospitality, office space, and entertainment components.
This configuration can fit an owner seeking a straightforward two-building, four-unit duplex setup with utilities structured so tenants handle electricity while the owner covers water and sewer. With on-site parking, yard space, and in-unit laundry in select units, the layout supports comfortable tenant use and practical property management for an investor or buyer looking to operate a small residential income asset.
Key Highlights
- 1980‑built Dania Beach duplex property with concrete block construction
- 2 buildings at 1450 & 1470 SW 2nd Avenue, each with a 2‑bedroom unit and a 3‑bedroom unit
- Units feature central A/C and heat plus individual hot water heaters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,585
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,311,700
$1.3M
Cap Rate 7%
$936,929
$936.9K
Cap Rate 9%
$728,722
$728.7K
Market Conditions
NOI Build-Up for 4,292 SF
Gross rent
$126.2K $29.40/SF
− Vacancy
−$6.9K −$1.62/SF
EGI
$119.2K $27.78/SF
− OpEx
−$53.7K −$12.50/SF
NOI
$65.6K $15.28/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,311,700
Cap Rate 7%
$936,929
Cap Rate 9%
$728,722
Alternative Uses
Best Use
Apartment 5plus
$936.9K
$819.8K – $1.09M
NOI $65,585 @ 7.0% cap · market cap 5.47%
Second Best
Multifamily LT 5
$719.9K
$629.9K – $839.8K
NOI $50,390 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$2.18M
$1.91M – $2.54M
NOI $152,426 @ 7.0% cap · market cap 12.70%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,243
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
$336,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Dania Beach, FL
Properties on Market for Duplexes in Dania Beach
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two concrete-block duplex buildings with multiple bedrooms, off-street parking, and in-unit laundry options.
Where is this duplex located?
The property is located at 1450-1470 SW 2nd Avenue Dania Beach, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 1980‑built Dania Beach duplex property with concrete block construction; 2 buildings at 1450 & 1470 SW 2nd Avenue, each with a 2‑bedroom unit and a 3‑bedroom unit; Units feature central A/C and heat plus individual hot water heaters
