Duplex with Covered
2620 SW 51st St, Dania Beach, FL 33312
For Sale
$715,000
Two separate residences provide a two-bedroom layout and outdoor space on each side.
Property Size1,855 SF
Price / SF$385.44
Days on Market194
Property Features for 2620 SW 51st St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Amenities
tile flooring
impact windows
washer/dryer
covered patio
large yard
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Luxury Florida LLC
Listed By:
Natalia Seven · License FL #3372377
Source:
Maggirealty
Added: Apr 30
Changed: Nov 8
Last Checked: Nov 8 at 2:35PM
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 Luxury Florida LLC
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Investment Insights
Based on property information with market context.
This legal duplex contains two units, each with 2 bedrooms and 1 bathroom. Tile flooring runs throughout, and impact windows are installed in both residences. A newer shingle roof dates to 2022. Each unit also has a covered patio, a rear-porch closet with a washer and dryer, and access to a large yard.
Built in 1993, the property totals 1,855 square feet. It is in Dania Beach, west of I-95, with access to Bass Pro Shops, Dania Pointe, Fort Lauderdale-Hollywood International Airport, beaches, shopping, dining, and major highways.
Built in 1993, the property totals 1,855 square feet. It is in Dania Beach, west of I-95, with access to Bass Pro Shops, Dania Pointe, Fort Lauderdale-Hollywood International Airport, beaches, shopping, dining, and major highways.
Key Highlights
- Two legal units, each with 2 bedrooms and 1 bathroom
- 1,855‑square‑foot duplex built in 1993
- Shingle roof installed in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,346
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$566,920
$566.9K
Cap Rate 7%
$404,943
$404.9K
Cap Rate 9%
$314,956
$315.0K
Market Conditions
NOI Build-Up for 1,855 SF
Gross rent
$54.5K $29.40/SF
− Vacancy
−$3.0K −$1.62/SF
EGI
$51.5K $27.78/SF
− OpEx
−$23.2K −$12.50/SF
NOI
$28.3K $15.28/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$566,920
Cap Rate 7%
$404,943
Cap Rate 9%
$314,956
Alternative Uses
Best Use
Apartment 5plus
$404.9K
$354.3K – $472.4K
NOI $28,346 @ 7.0% cap · market cap 3.96%
Second Best
Multifamily LT 5
$311.1K
$272.2K – $363.0K
NOI $21,778 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$941.1K
$823.5K – $1.10M
NOI $65,878 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
838
Businesses Nearby
Explore this area
Business Placement
Demographics for 33312, FL
51,570
Population
21,332
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
86%
High-School Grad
11.1 sq mi
ZIP Area
4,646
Density / Sq Mi
$77,644
Median Household Income
$39,333
Median Earnings
$1,566
Median Rent
$397,800
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Dania Beach, FL
Properties on Market for Duplexes in Dania Beach
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences provide a two-bedroom layout and outdoor space on each side.
Where is this duplex located?
The property is located at 2620 SW 51st St Dania Beach, FL.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: Two legal units, each with 2 bedrooms and 1 bathroom; 1,855‑square‑foot duplex built in 1993; Shingle roof installed in 2022
