Duplex with Screened
For Sale
Contact for pricing
29-33 SE 4th, Dania Beach, FL 33004
Two-bedroom, two-bath layouts, updated kitchens, and 2024 central AC units serve both sides of the property.
Property Size2,340 SF
Price / SF$311.54
Days on Market83
Property Features for 29-33 SE 4th
General Information
Standard status
Active
Size
2,340 SF
Total Parking Spaces
2
Property subtype
Multifamily
Zoning
NBHD-RES
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Amenities
central air conditioning
screened porch
garage
stamped concrete driveway
Building Details
Year Built
1964
Buildings
1
Tenancy
Single
Listing Agency:
Beycome of Florida LLC
(804) 656-5007
Listed By:
Steven Koleno · License #3469487
Source:
Crexi
Added: Jun 11
Changed: Aug 30
Last Checked: Aug 31 at 8:48PM
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 Beycome of Florida LLC
Investment Insights
Based on property information with market context.
Built in 1964, this 2,340-square-foot duplex includes two separate two-bedroom, two-bath residences. Both units feature updated kitchens and 2024 central AC units. Unit 33 is vacant, furnished, and equipped with new appliances, quartz countertops, and a screened porch, while Unit 29 is occupied.
The property sits at 29-33 SE 4th in Dania Beach and is zoned NBHD-RES. It is located outside a flood zone and includes a stamped concrete driveway with substantial on-site parking. Unit 33 also includes an approximately 300-square-foot garage with epoxy flooring, providing additional storage or flexible utility space. High-impact windows and doors are on order for installation in July.
The property sits at 29-33 SE 4th in Dania Beach and is zoned NBHD-RES. It is located outside a flood zone and includes a stamped concrete driveway with substantial on-site parking. Unit 33 also includes an approximately 300-square-foot garage with epoxy flooring, providing additional storage or flexible utility space. High-impact windows and doors are on order for installation in July.
Key Highlights
- 2,340‑square‑foot duplex built in 1964
- Two 2/2 units with updated kitchens
- 2024 central AC units in both residences
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
$39,007
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
5.35%
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%
$780,140
$780.1K
Cap Rate 7%
$557,243
$557.2K
Cap Rate 9%
$433,411
$433.4K
Market Conditions
NOI Build-Up for 2,340 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
$59.0K $25.20/SF
− Vacancy
−$3.2K −$1.39/SF
EGI
$55.7K $23.81/SF
− OpEx
−$16.7K −$7.14/SF
NOI
$39.0K $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%
$780,140
Cap Rate 7%
$557,243
Cap Rate 9%
$433,411
Alternative Uses
Best Use
Multifamily LT 5
$557.2K
$487.6K – $650.1K
NOI $39,007 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$514.1K
$449.9K – $599.8K
NOI $35,988 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,103 @ 7.0% cap · market cap 11.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,491
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom, two-bath layouts, updated kitchens, and 2024 central AC units serve both sides of the property.
Where is this duplex located?
The property is located at 29-33 SE 4th Dania Beach, FL.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: 2,340‑square‑foot duplex built in 1964; Two 2/2 units with updated kitchens; 2024 central AC units in both residences
