Two-Unit Duplex with New
For Sale
$650,000
308 SE 4th Ave, Hallandale Beach, FL 33009
Residential Income, Hallandale Beach, FL
Property Size1,399 SF
Price / SF$464.62
Days on Market85
Property Features for 308 SE 4th Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
CENTRAL
Bedrooms
3
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 1
Parking
2
Subdivision
HALLANDALE PARK NO 3
Lot features
Flood Zone, < 1/4 Acre
Standard status
Active
APN
514227160100
Size
1,399 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
HALLANDALE PARK NO 3 6-7 B LOT 15,16 BLK 1
Tax Annual Amount
10782
Legal Description
HALLANDALE PARK NO 3 6-7 B LOT 15,16 BLK 1
Amenities
washer/dryer hookups
Building Details
Year built
1956
Floors in Building
1
Listing Agency:
The Keyes Company
(305) 931-8920
Listed By:
David Heinrich · License #3187652
(305) 926-3106
Added: Jul 18
Changed: Oct 4
Last Checked: Oct 10 at 5:06AM
MLS# A11977316
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 1,399-square-foot duplex, built in 1956, contains two separate apartments. The unit mix includes one one-bedroom, one-bath apartment and one two-bedroom, one-bath apartment, with both units currently rented. The property is described as well maintained, and a new roof was installed in 2025. Washer and dryer hookups are available.
The property is located at 308 SE 4th Ave in Hallandale Beach, within walking distance of Gulfstream Park. The beach is approximately 10 minutes away, while Aventura Mall is approximately 7 minutes away. Shopping, dining, entertainment, and major area attractions are also identified in the surrounding context.
The property is located at 308 SE 4th Ave in Hallandale Beach, within walking distance of Gulfstream Park. The beach is approximately 10 minutes away, while Aventura Mall is approximately 7 minutes away. Shopping, dining, entertainment, and major area attractions are also identified in the surrounding context.
Key Highlights
- Two separate apartments with a one‑bedroom and a two‑bedroom unit mix
- 1,399 square feet on a 1956‑built duplex
- New roof installed in 2025, as reported by the owner
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,321
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,420
$466.4K
Cap Rate 7%
$333,157
$333.2K
Cap Rate 9%
$259,122
$259.1K
Market Conditions
NOI Build-Up for 1,399 SF
Gross rent
$35.3K $25.20/SF
− Vacancy
−$1.9K −$1.39/SF
EGI
$33.3K $23.81/SF
− OpEx
−$10.0K −$7.14/SF
NOI
$23.3K $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%
$466,420
Cap Rate 7%
$333,157
Cap Rate 9%
$259,122
Alternative Uses
Best Use
Multifamily LT 5
$333.2K
$291.5K – $388.7K
NOI $23,321 @ 7.0% cap · market cap 3.59%
Second Best
Apartment 5plus
$307.4K
$269.0K – $358.6K
NOI $21,516 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$709.8K
$621.1K – $828.1K
NOI $49,684 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,885
Businesses Nearby
Explore this area
Business Placement
Demographics for 33009, FL
43,301
Population
31,020
Households
1.4
Avg Household Size
47
Median Age
36%
College-Educated
88%
High-School Grad
4.9 sq mi
ZIP Area
8,837
Density / Sq Mi
$48,196
Median Household Income
$33,928
Median Earnings
$1,576
Median Rent
$248,300
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 - Well-maintained duplex with two separate apartments and established occupancy in Hallandale Beach.
Where is this duplex located?
The property is located at 308 SE 4th Ave Hallandale Beach, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two separate apartments with a one‑bedroom and a two‑bedroom unit mix; 1,399 square feet on a 1956‑built duplex; New roof installed in 2025, as reported by the owner
