Vacant Triplex
New
For Sale
$850,000
18 SW 13th St, Dania Beach, FL 33004
Residential Income, Dania Beach, FL
Property Size2,507 SF
Price / SF$339.05
Days on Market2
Property Features for 18 SW 13th St
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
SFED-MU
Parking
4
Subdivision
NORTH HOLLYWOOD
Lot features
< 1/4 Acre
Standard status
Active
APN
514203106179
Size
2,507 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
NORTH HOLLYWOOD 4-1 B LOT 8 BLK 46
Tax Annual Amount
9661
Legal Description
NORTH HOLLYWOOD 4-1 B LOT 8 BLK 46
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1982
Floors in Building
1
Flooring type
Tile, Carpet
Building materials
Block
Roof type
Shingle
Listing Agency:
United Realty Group Inc
(954) 907-0391
Listed By:
Mira Persad-Ramroop · License #0678213
(954) 450-2000
Added: Sep 3
Last Checked: Sep 4 at 12:06AM
MLS# A12082989
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 2,507-square-foot triplex contains three residential units: two 2-bedroom, 1-bath apartments and one 1-bedroom, 1-bath apartment. All units are vacant, allowing a new owner to select occupants without existing leases in place. One apartment requires updating, while the other two provide established living areas. The building was constructed in 1982 with block construction, tile and carpet flooring, central heating, central air, a shingle roof, and public sewer service.
The property is located at 18 SW 13th St in Dania Beach, within reach of shopping, dining, Fort Lauderdale International Airport, and area beaches. Cable service is available. The unit mix and current vacancy create a straightforward starting point for an owner seeking a residential income property with the ability to establish new tenancies.
The property is located at 18 SW 13th St in Dania Beach, within reach of shopping, dining, Fort Lauderdale International Airport, and area beaches. Cable service is available. The unit mix and current vacancy create a straightforward starting point for an owner seeking a residential income property with the ability to establish new tenancies.
Key Highlights
- 2,507‑square‑foot triplex with three residential units
- Unit mix includes two 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit
- All 3 units are currently vacant
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
$41,791
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
4.92%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
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
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 - Three unoccupied apartments provide flexibility for tenant selection and lease-up.
Where is this triplex located?
The property is located at 18 SW 13th St 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: 2,507‑square‑foot triplex with three residential units; Unit mix includes two 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit; All 3 units are currently vacant
