Triplex with Vacant
For Sale
$850,000
18 SW 13th Street, Dania Beach, FL 33004
Three separate units are currently vacant, allowing immediate decisions on occupancy and leasing.
Property Size2,507 SF
Price / SF$339.05
Days on Market217
Property Features for 18 SW 13th Street
General Information
Standard status
Active
Size
2,507 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
SFED-MU
Property Condition
Severity
Repairs Needed
Evidence
needs minimal updating
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$9,661
Building Details
Building Size
2,507 SF
Year Built
1982
Stories
1
Listing Agency:
United Realty Group Inc
Listed By:
Mira Persad-Ramroop · License #0678213
(954) 907-0391
Source:
Laerrealty
Added: Mar 17
Changed: Oct 10
Last Checked: Oct 16 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 United Realty Group Inc
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Investment Insights
Based on property information with market context.
Built in 1983, this 2,507-square-foot triplex contains three separate residential units: two with 2/1 layouts and one with a 1/1 layout. All units are vacant, providing flexibility for an owner-occupant arrangement or leasing of the residences. One unit requires minimal updating.
The property is located at 18 SW 13th St in Dania Beach, Florida, near the beach, major highways, Fort Lauderdale International Airport, shopping, dining, and entertainment. Zoning is SFED-MU. The configuration offers separate units within a single multifamily property, with the existing vacancy allowing the next owner to determine occupancy and rental plans.
The property is located at 18 SW 13th St in Dania Beach, Florida, near the beach, major highways, Fort Lauderdale International Airport, shopping, dining, and entertainment. Zoning is SFED-MU. The configuration offers separate units within a single multifamily property, with the existing vacancy allowing the next owner to determine occupancy and rental plans.
Key Highlights
- Three‑unit triplex with two 2/1 units and one 1/1 unit
- 2,507 square feet of residential improvements
- All 3 units are currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,791
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$835,820
$835.8K
Cap Rate 7%
$597,014
$597.0K
Cap Rate 9%
$464,344
$464.3K
Market Conditions
NOI Build-Up for 2,507 SF
Gross rent
$63.2K $25.20/SF
− Vacancy
−$3.5K −$1.39/SF
EGI
$59.7K $23.81/SF
− OpEx
−$17.9K −$7.14/SF
NOI
$41.8K $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%
$835,820
Cap Rate 7%
$597,014
Cap Rate 9%
$464,344
Alternative Uses
Best Use
Multifamily LT 5
$597.0K
$522.4K – $696.5K
NOI $41,791 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$550.8K
$482.0K – $642.6K
NOI $38,556 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $89,033 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,181
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
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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?
Triplex - Three separate units are currently vacant, allowing immediate decisions on occupancy and leasing.
Where is this triplex located?
The property is located at 18 SW 13th Street Dania Beach, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Three‑unit triplex with two 2/1 units and one 1/1 unit; 2,507 square feet of residential improvements; All 3 units are currently vacant
