Three-Unit Multifamily
New
For Sale
$598,000
224 SW 14th St, Dania Beach, FL 33004
Original three-unit layout with voucher-supported tenancy and convenient access to Dania Beach amenities.
Property Size1,328 SF
Days on Market5
Property Features for 224 SW 14th St
General Information
Standard status
Active
Size
1,328 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$8,235
Building Details
Building Size
1,328 SF
Year Built
1959
Stories
1
Units
3
Listing Agency:
Barnes International Realty, L
(754) 328-8218
Listed By:
Damien Rispoli · License #3636865
(754) 328-8218
Source:
Elliman
Added: Aug 1
Changed: Aug 2
Last Checked: Aug 4 at 3:25AM
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 Barnes International Realty, L
Investment Insights
Based on property information with market context.
This three-unit multifamily property, built in 1959, includes two 2/1 residences and one 3/1 residence. The units retain their original configuration and require TLC, presenting a property with existing improvements and a clearly defined unit mix. Most rents are supported by Broward housing vouchers, providing an established rental structure without relying solely on conventional tenancy.
The property is west of US-1 in Dania Beach, with beaches, shopping, and dining destinations located minutes away. WalkScore is 56, BikeScore is 47, and TransitScore is 35, reflecting somewhat walkable and bikeable surroundings with some transit service. The property may also be packaged with the adjacent triplex at 230 SW 14th St.
The property is west of US-1 in Dania Beach, with beaches, shopping, and dining destinations located minutes away. WalkScore is 56, BikeScore is 47, and TransitScore is 35, reflecting somewhat walkable and bikeable surroundings with some transit service. The property may also be packaged with the adjacent triplex at 230 SW 14th St.
Key Highlights
- Three‑unit configuration with two 2/1 residences and one 3/1 residence
- Built in 1959 with original unit layouts
- Most rents supported by Broward housing vouchers
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.5k | $25.20 |
| − Vacancy | −$1.8k | −$1.39 |
| EGI | $31.6k | $23.81 |
| − OpEx | −$9.5k | −$7.14 |
| NOI | $22.1k | $16.67 |
1,328 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$316.2K
$276.7K – $369.0K
NOI $22,137 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$291.8K
$255.3K – $340.4K
NOI $20,424 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$673.8K
$589.5K – $786.1K
NOI $47,163 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,243
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 - Original three-unit layout with voucher-supported tenancy and convenient access to Dania Beach amenities.
Where is this triplex located?
The property is located at 224 SW 14th St Dania Beach, FL.
What is the asking price?
The asking price for this property is $598,000.
What are key features of this property?
This property features: Three‑unit configuration with two 2/1 residences and one 3/1 residence; Built in 1959 with original unit layouts; Most rents supported by Broward housing vouchers
