Duplex with Shared
For Sale
$1,250,000
236-238 NE 1st St, Dania Beach, FL 33004
Two furnished residences provide separate three-bedroom, three-bath layouts and share a backyard pool.
Property Size2,930 SF
Lot Size0.25 Acres
Price / SF$426.62
Days on Market10
Property Features for 236-238 NE 1st St
General Information
Standard status
Active
Size
2,930 SF
Lot size
0.25 Acres
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/3BA
Multifamily Units
2
Additional Details
Furnished
Yes
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$17,758
Amenities
impact windows
central A/C
pool
Building Details
Building Size
2,930 SF
Year Built
1958
Buildings
1
Listing Agency:
Avanti Way Brickell
Listed By:
Andres Urdaneta · License #3245766
(786) 853-7575
Source:
Relinkre
Added: Oct 1
Changed: Oct 7
Last Checked: Oct 10 at 1:55AM
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 Avanti Way Brickell
Investment Insights
Based on property information with market context.
This duplex contains 2,930 square feet of living area across two residences, each approximately 1,465 square feet with 3 bedrooms and 3 bathrooms. The homes are furnished and renovated, with updated interiors, impact windows, and central A/C. A backyard pool and ample parking serve the property, which has no HOA and occupies a 10,800-square-foot lot. Built in 1958, the property is 2 miles from the beach and minutes from Dania Pointe, FLL Airport, I-95, and I-595. Short-term rentals are subject to City of Dania Beach requirements and a 5-night minimum stay.
Key Highlights
- Two residences, each approximately 1,465 SF, with 3 bedrooms and 3 bathrooms
- 2,930 SF of living area on a 10,800 SF lot
- Shared backyard pool, impact windows, and central A/C
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,843
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$976,860
$976.9K
Cap Rate 7%
$697,757
$697.8K
Cap Rate 9%
$542,700
$542.7K
Market Conditions
NOI Build-Up for 2,930 SF
Gross rent
$73.8K $25.20/SF
− Vacancy
−$4.1K −$1.39/SF
EGI
$69.8K $23.81/SF
− OpEx
−$20.9K −$7.14/SF
NOI
$48.8K $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%
$976,860
Cap Rate 7%
$697,757
Cap Rate 9%
$542,700
Alternative Uses
Best Use
Multifamily LT 5
$697.8K
$610.5K – $814.1K
NOI $48,843 @ 7.0% cap · market cap 3.91%
Second Best
Apartment 5plus
$643.7K
$563.3K – $751.0K
NOI $45,061 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$1.49M
$1.30M – $1.73M
NOI $104,056 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,361
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two furnished residences provide separate three-bedroom, three-bath layouts and share a backyard pool.
Where is this duplex located?
The property is located at 236-238 NE 1st St Dania Beach, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two residences, each approximately 1,465 SF, with 3 bedrooms and 3 bathrooms; 2,930 SF of living area on a 10,800 SF lot; Shared backyard pool, impact windows, and central A/C
