Two-Unit Duplex with
New
For Sale
$735,000
20 SE 13th Terrace, Dania Beach, FL 33004
The property includes fenced outdoor space, impact windows, and washer-and-dryer equipment.
Property Size2,166 SF
Price / SF$339.34
Days on Market4
Property Features for 20 SE 13th Terrace
General Information
Standard status
Active
Size
2,166 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
NBHD-RES
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$11,318
Amenities
fully fenced backyard
washer and dryer
Building Details
Year Built
1955
Stories
1
Tenancy
Single
Listing Agency:
Luxe Properties
(305) 527-9579
Listed By:
Vanessa Gonzalez · License #3439032
(305) 527-9579
Source:
Laerrealty
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 11 at 4:45AM
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 Luxe Properties
Investment Insights
Based on property information with market context.
Built in 1955, this 2,166-square-foot duplex contains two residential units, each with two bedrooms and two full bathrooms. Both sides feature impact windows, washer-and-dryer equipment, and fully fenced backyards. Front parking is provided, and one unit is furnished. The second unit is occupied by a long-term tenant.
Zoned NBHD-RES, the property is located at 20 SE 13th Terrace in Dania Beach. The source information identifies potential use for short-term rental, long-term rental, or owner occupancy in one unit while renting the other. There is no association, and the property is described as being near Dania Point, shops, and beaches.
Zoned NBHD-RES, the property is located at 20 SE 13th Terrace in Dania Beach. The source information identifies potential use for short-term rental, long-term rental, or owner occupancy in one unit while renting the other. There is no association, and the property is described as being near Dania Point, shops, and beaches.
Key Highlights
- Two‑unit duplex with 2,166 square feet of total property size
- Each unit includes 2 bedrooms and 2 full bathrooms
- One side is fully furnished; the other has a long‑term tenant
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
$36,107
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
4.91%
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%
$722,140
$722.1K
Cap Rate 7%
$515,814
$515.8K
Cap Rate 9%
$401,189
$401.2K
Market Conditions
NOI Build-Up for 2,166 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
$54.6K $25.20/SF
− Vacancy
−$3.0K −$1.39/SF
EGI
$51.6K $23.81/SF
− OpEx
−$15.5K −$7.14/SF
NOI
$36.1K $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%
$722,140
Cap Rate 7%
$515,814
Cap Rate 9%
$401,189
Alternative Uses
Best Use
Multifamily LT 5
$515.8K
$451.3K – $601.8K
NOI $36,107 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$475.9K
$416.4K – $555.2K
NOI $33,312 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$1.10M
$961.5K – $1.28M
NOI $76,923 @ 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
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,179
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 - The property includes fenced outdoor space, impact windows, and washer-and-dryer equipment.
Where is this duplex located?
The property is located at 20 SE 13th Terrace Dania Beach, FL.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,166 square feet of total property size; Each unit includes 2 bedrooms and 2 full bathrooms; One side is fully furnished; the other has a long‑term tenant
