Well-Maintained Duplex with Two
For Sale
Contact for pricing
205 SE 4th Terrace # 2 #1-2, Dania Beach, FL 33004
Duplex offers a remodeled 3/2 owner-occupied unit plus a 2/1 unit for rental flexibility.
Property Size2,171 SF
Price / SF$349.61
Days on Market131
Property Features for 205 SE 4th Terrace # 2 #1-2
General Information
Standard status
Active
Size
2,171 SF
Property subtype
Multifamily
Zoning
NBHD-RES
Additional Details
Business Included
Yes
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1973
Tenancy
Multi
Listing Agency:
Noble Int'l Realty & Prop Mgt
(954) 895-5025
Listed By:
Melinda Sitku · License #3054353
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Aug 8 at 3:33PM
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 Noble Int'l Realty & Prop Mgt
Investment Insights
Based on property information with market context.
This well-maintained duplex includes two separate residences: a spacious 3-bedroom, 2-bath main unit and a 2-bedroom, 1-bath second unit. The main unit is currently owner-occupied and features a newly remodeled kitchen, a split-bedroom floor plan, a separate laundry room, and hurricane impact windows throughout. The second unit is currently operating as an Airbnb, providing flexibility for short-term rental use or long-term leasing. Both units share a backyard.
The property is located close to major highways, shopping, and the airport, with minutes to the beach.
For tenants, buyers, and operators, the layout supports different living or rental strategies with two distinct units. The seller is also willing to lease back the main unit, providing immediate rental income for the new owner while the owner-occupied unit remains in place until 06/30/2027.
The property is located close to major highways, shopping, and the airport, with minutes to the beach.
For tenants, buyers, and operators, the layout supports different living or rental strategies with two distinct units. The seller is also willing to lease back the main unit, providing immediate rental income for the new owner while the owner-occupied unit remains in place until 06/30/2027.
Key Highlights
- 1973 duplex with two separate units: a 3‑bedroom, 2‑bath main unit plus a 2‑bedroom, 1‑bath second unit
- Main unit is owner‑occupied and features a newly remodeled kitchen, split‑bedroom layout, and separate laundry room
- Main unit has hurricane impact windows throughout
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
$36,190
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
4.77%
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%
$723,800
$723.8K
Cap Rate 7%
$517,000
$517.0K
Cap Rate 9%
$402,111
$402.1K
Market Conditions
NOI Build-Up for 2,171 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
$54.7K $25.20/SF
− Vacancy
−$3.0K −$1.39/SF
EGI
$51.7K $23.81/SF
− OpEx
−$15.5K −$7.14/SF
NOI
$36.2K $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%
$723,800
Cap Rate 7%
$517,000
Cap Rate 9%
$402,111
Alternative Uses
Best Use
Multifamily LT 5
$517.0K
$452.4K – $603.2K
NOI $36,190 @ 7.0% cap · market cap 4.77%
Second Best
Apartment 5plus
$477.0K
$417.4K – $556.5K
NOI $33,389 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$1.10M
$963.8K – $1.29M
NOI $77,101 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,491
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex offers a remodeled 3/2 owner-occupied unit plus a 2/1 unit for rental flexibility.
Where is this duplex located?
The property is located at 205 SE 4th Terrace # 2 #1-2 Dania Beach, FL.
What is the asking price?
The asking price for this property is $759,000.
What are key features of this property?
This property features: 1973 duplex with two separate units: a 3‑bedroom, 2‑bath main unit plus a 2‑bedroom, 1‑bath second unit; Main unit is owner‑occupied and features a newly remodeled kitchen, split‑bedroom layout, and separate laundry room; Main unit has hurricane impact windows throughout
