Waterfront Duplex with
For Sale
$1,090,000
1469 NW 10th St, Dania Beach, FL 33004
MULTI_FAMILY - Dania Beach, FL
Property Size1,895 SF
Price / SF$575.20
Days on Market29
Property Features for 1469 NW 10th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RS-6000
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 1
Parking
4
Subdivision
FLORIAN ISLES 2ND SEC
Lot features
< 1/4 Acre
Standard status
Active
APN
504233230150
Size
1,895 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
FLORIAN ISLES 2ND SEC 58-34 B LOT 11 BLK 3
Tax Annual Amount
14828
Legal Description
FLORIAN ISLES 2ND SEC 58-34 B LOT 11 BLK 3
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water front
1
Building Details
Year built
1995
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block
Roof type
Shingle
Listing Agency:
Compass Florida, LLC
(305) 851-2820
Listed By:
Gladys Martinez · License #3238184
(305) 321-7889
Added: Jul 18
Changed: Aug 11
Last Checked: Aug 15 at 4:06PM
MLS# A11967203
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.
Investment Insights
Based on property information with market context.
This fully remodeled duplex is positioned on an ocean-access canal in Dania Beach, offering a waterfront setting with boating possibilities. The property features new roof components, impact windows, and block construction. Interiors include ceramic tile flooring and central heating and central air. Each unit is set up as a two-bedroom, one-bath layout, supporting flexible use such as living in one unit while renting the other, or renting both.
A dock is referenced as a way to support a 50-foot boat, aligning with the property’s waterfront appeal. The duplex is also described as being represented as a certified Airbnb/short-term rental setup; buyers should verify licensing, zoning, and city requirements. Utilities include cable available service, and the property uses a septic tank for sewer.
Built in 1995, the property contains 1,895 square feet of space and includes shingle roofing and updated window protection for day-to-day durability at the waterfront.
A dock is referenced as a way to support a 50-foot boat, aligning with the property’s waterfront appeal. The duplex is also described as being represented as a certified Airbnb/short-term rental setup; buyers should verify licensing, zoning, and city requirements. Utilities include cable available service, and the property uses a septic tank for sewer.
Built in 1995, the property contains 1,895 square feet of space and includes shingle roofing and updated window protection for day-to-day durability at the waterfront.
Key Highlights
- Waterfront duplex on an ocean‑access canal with dock noted for a 50‑foot boat
- Fully remodeled with new roof, impact windows, and block construction
- Two two‑bedroom, one‑bath units for flexible living or renting options
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
$31,589
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
2.90%
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%
$631,780
$631.8K
Cap Rate 7%
$451,271
$451.3K
Cap Rate 9%
$350,989
$351.0K
Market Conditions
NOI Build-Up for 1,895 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
$47.8K $25.20/SF
− Vacancy
−$2.6K −$1.39/SF
EGI
$45.1K $23.81/SF
− OpEx
−$13.5K −$7.14/SF
NOI
$31.6K $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%
$631,780
Cap Rate 7%
$451,271
Cap Rate 9%
$350,989
Alternative Uses
Best Use
Multifamily LT 5
$451.3K
$394.9K – $526.5K
NOI $31,589 @ 7.0% cap · market cap 2.90%
Second Best
Apartment 5plus
$416.3K
$364.3K – $485.7K
NOI $29,144 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$961.4K
$841.2K – $1.12M
NOI $67,299 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
652
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?
Duplex - Fully remodeled waterfront duplex on an ocean-access canal with impact windows and central HVAC, plus a dock for a 50-foot boat.
Where is this duplex located?
The property is located at 1469 NW 10th St Dania Beach, FL.
What is the asking price?
The asking price for this property is $1,090,000.
What are key features of this property?
This property features: Waterfront duplex on an ocean‑access canal with dock noted for a 50‑foot boat; Fully remodeled with new roof, impact windows, and block construction; Two two‑bedroom, one‑bath units for flexible living or renting options
