Three-Unit Multifamily
For Sale
$598,000
224 SW 14th Street, Dania Beach, FL 33004
Original three-unit layout with voucher-supported tenancy and convenient access to Dania Beach amenities.
Property Size1,328 SF
Price / SF$450.30
Days on Market96
Property Features for 224 SW 14th Street
General Information
Standard status
Active
Size
1,328 SF
Property subtype
Triplex
Building Details
Year Built
1959
Listing Agency:
Barnes International Realty, LLC
(305) 361-2233
Listed By:
Damien Rispoli · License #3636865
(754) 328-8218
Source:
Lehmannflorida
Added: Jul 31
Changed: Nov 3
Last Checked: Nov 3 at 6:40AM
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, LLC
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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
Estimated NOI and Cap Rate
NOI / Yr
$22,137
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,740
$442.7K
Cap Rate 7%
$316,243
$316.2K
Cap Rate 9%
$245,967
$246.0K
Market Conditions
NOI Build-Up for 1,328 SF
Gross rent
$33.5K $25.20/SF
− Vacancy
−$1.8K −$1.39/SF
EGI
$31.6K $23.81/SF
− OpEx
−$9.5K −$7.14/SF
NOI
$22.1K $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 Rate 5%
$442,740
Cap Rate 7%
$316,243
Cap Rate 9%
$245,967
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.
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Location Intelligence
Trade Area within ½ mile
1,243
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
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 Street 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
