Multifamily Residential Income
For Sale
Contact for pricing
2 SW 6th Avenue # 2 #1-2, Dania Beach, FL 33004
Residential income multifamily property offered for sale in Dania Beach, Florida.
Property Size1,117 SF
Price / SF$528.20
Days on Market75
Property Features for 2 SW 6th Avenue # 2 #1-2
General Information
Standard status
Active
Size
1,117 SF
Property subtype
Multifamily
Zoning
NBHD-MU
Building Details
Year Built
1959
Listing Agency:
Lifestyle International Realty
Listed By:
Rebecca Levovitz · License #3557678
Source:
Crexi
Added: May 28
Changed: Aug 8
Last Checked: Aug 8 at 7:59AM
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 Lifestyle International Realty
Investment Insights
Based on property information with market context.
This for-sale multifamily property is offered as residential income housing. The listing identifies the asset broadly as a multifamily building, suitable for investors and buyers looking for an income-oriented residential property.
The property is located at 2 SW 6th Avenue in Dania Beach, Florida. The available information does not provide additional details on unit configuration, amenities, or condition, so prospective buyers should plan to review the property and supporting documentation directly.
From an occupancy and underwriting standpoint, the key consideration is that this is a residential income multifamily asset, which typically supports analysis around rental unit layout, current and historical occupancy, and lease terms. Because the listing does not specify the number of units or any tenant-related details, due diligence will be important for anyone evaluating it as a purchase. If you’re a buyer or broker seeking a multifamily residential income property in the Dania Beach area, this offering can be evaluated based on the asset’s documented rent roll and property condition through the normal sales process.
The property is located at 2 SW 6th Avenue in Dania Beach, Florida. The available information does not provide additional details on unit configuration, amenities, or condition, so prospective buyers should plan to review the property and supporting documentation directly.
From an occupancy and underwriting standpoint, the key consideration is that this is a residential income multifamily asset, which typically supports analysis around rental unit layout, current and historical occupancy, and lease terms. Because the listing does not specify the number of units or any tenant-related details, due diligence will be important for anyone evaluating it as a purchase. If you’re a buyer or broker seeking a multifamily residential income property in the Dania Beach area, this offering can be evaluated based on the asset’s documented rent roll and property condition through the normal sales process.
Key Highlights
- Multifamily residential income property
- Built in 1959
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
$17,179
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
2.91%
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%
$343,580
$343.6K
Cap Rate 7%
$245,414
$245.4K
Cap Rate 9%
$190,878
$190.9K
Market Conditions
NOI Build-Up for 1,117 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
$32.7K $29.28/SF
− Vacancy
−$1.5K −$1.32/SF
EGI
$31.2K $27.96/SF
− OpEx
−$14.1K −$12.58/SF
NOI
$17.2K $15.38/SF
Area
Broward County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
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%
$343,580
Cap Rate 7%
$245,414
Cap Rate 9%
$190,878
Alternative Uses
Best Use
Apartment 5plus
$245.4K
$214.7K – $286.3K
NOI $17,179 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$566.7K
$495.9K – $661.2K
NOI $39,669 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,134
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?
Multifamily property - Residential income multifamily property offered for sale in Dania Beach, Florida.
Where is this multifamily property located?
The property is located at 2 SW 6th Avenue # 2 #1-2 Dania Beach, FL.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Multifamily residential income property; Built in 1959
