Duplex With Garage and Screened
For Sale
Under Contract
$729,000
29-33 SE 4th, Dania Beach, FL 33004
MULTI_FAMILY - Dania Beach, FL
Property Size2,340 SF
Price / SF$311.54
Days on Market31
Property Features for 29-33 SE 4th
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
NBHD-RES
Bedrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 3
Parking
2
Security features
Security
Patio and Porch features
Patio, Porch
Exterior features
Enclosed Porch, Fence, Security/High Impact Doors, Porch, Patio
Fencing
Fenced
Subdivision
HOLLYWOOD CENTER AMEN PLA
Lot features
< 1/4 Acre
Directions
Federal Highway to SE 4th St East.
Standard status
Active Under Contract
APN
514203170180
Size
2,340 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
HOLLYWOOD CENTER AMEN PLAT 9-43 B LOT 11,12 BLK 3
Tax Annual Amount
4777
Legal Description
HOLLYWOOD CENTER AMEN PLAT 9-43 B LOT 11,12 BLK 3
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Water front features
Seawall
Water front
1
Amenities
screened porch
garage
Building Details
Year built
1964
Floors in Building
1
Flooring type
Tile, Vinyl
Building materials
Block
Roof type
Barrel
Listing Agency:
Beycome of Florida LLC
(804) 656-5007
Listed By:
Steven Koleno · License #3469487
(804) 656-5007
Added: Jul 18
Changed: Aug 13
Last Checked: Aug 17 at 1:06AM
MLS# A12034904
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex features two spacious 2/2 layouts, each with updated kitchens. Both units have central air conditioning and include vinyl and tile flooring, with block construction throughout. Unit 33 comes furnished and includes a screened porch, new appliances, and quartz countertops. Unit 33 also offers an approx. 300 sq. ft. garage with epoxy floors that could support additional storage or potential conversion into an income-producing efficiency.
The property sits on a large lot outside of a flood zone. Exterior features include security/high-impact doors, a fenced yard, and a seawall. A stamped concrete driveway supports parking.
Unit 29 is occupied on a month-to-month lease; Unit 33 is currently vacant and easy to view. High-impact windows and doors are on order and scheduled for July install.
The property sits on a large lot outside of a flood zone. Exterior features include security/high-impact doors, a fenced yard, and a seawall. A stamped concrete driveway supports parking.
Unit 29 is occupied on a month-to-month lease; Unit 33 is currently vacant and easy to view. High-impact windows and doors are on order and scheduled for July install.
Key Highlights
- Two spacious 2/2 units with updated kitchens
- 2024 central AC units
- Unit 33 furnished with screened porch, new appliances, quartz countertops; vacant
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
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
981
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 - Large duplex with updated two-bedroom units, 2024 central AC, and a garage outside a flood zone.
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: Two spacious 2/2 units with updated kitchens; 2024 central AC units; Unit 33 furnished with screened porch, new appliances, quartz countertops; vacant
