Furnished Duplex With
For Sale
$1,400,000
236 Northeast 1st Street, Dania Beach, FL 33004
Updated two-unit property with impact windows, central A/C, shared outdoor space, and furnished interiors.
Property Size2,930 SF
Price / SF$477.82
Days on Market292
Property Features for 236 Northeast 1st Street
General Information
Standard status
Active
Size
2,930 SF
Property subtype
Multi-Family Income / Duplex
Additional Details
Furnished
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$17,758
Amenities
pool
central A/C
Building Details
Year Built
1958
Listing Agency:
Avanti Way Brickell
(305) 733-9741
Listed By:
Andres Urdaneta · License #3245766
(305) 733-9741
Source:
Compass
Added: Nov 12, 2025
Changed: Aug 30
Last Checked: Aug 30 at 3:28PM
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 2,930-square-foot duplex includes two furnished residential units with a combined six bedrooms and six baths. The updated interiors feature modern finishes, impact windows, and central A/C. Residents or guests have access to a shared backyard with a pool and ample parking. The 1958-built property is suited to an owner-occupant arrangement or short-term rental use, as supported by the existing two-unit configuration and furnishings.
The property is located in Dania Beach, 1 mile from the ocean and steps from Dania Beach Casino. Dania Pointe, FLL Airport, and major highways are also nearby, connecting the property with coastal destinations, airport travel, and regional routes. The address is 236 Northeast 1st Street, Dania Beach, FL 33004.
The property is located in Dania Beach, 1 mile from the ocean and steps from Dania Beach Casino. Dania Pointe, FLL Airport, and major highways are also nearby, connecting the property with coastal destinations, airport travel, and regional routes. The address is 236 Northeast 1st Street, Dania Beach, FL 33004.
Key Highlights
- 2,930‑square‑foot duplex with two units
- Six bedrooms and six baths in total
- Furnished interiors with modern finishes
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
$48,843
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
3.49%
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%
$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
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
$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 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%
$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 3.49%
Second Best
Apartment 5plus
$643.7K
$563.3K – $751.0K
NOI $45,061 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$1.49M
$1.30M – $1.73M
NOI $104,056 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
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
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 - Updated two-unit property with impact windows, central A/C, shared outdoor space, and furnished interiors.
Where is this duplex located?
The property is located at 236 Northeast 1st Street Dania Beach, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 2,930‑square‑foot duplex with two units; Six bedrooms and six baths in total; Furnished interiors with modern finishes
