Remodeled
New
For Sale
$650,000
310 NE 6TH Street, Hallandale Beach, FL 33009
Residential Income, Hallandale Beach, FL
Property Size1,725 SF
Lot Size0.11 Acres
Price / SF$376.81
Days on Market5
Property Features for 310 NE 6TH Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
CENTRAL RAC
Bedrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 3, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2
Pets allowed
Yes, No
Exterior features
Awning(s), Garden, Storage
Subdivision
HOLLYWOOD PINES ESTATES
Lot features
Zero Lot Line
Elementary school
Gulfstream Academy Of Hallandale Beach
Middle school
Gulfstream Academy Of Hallandale Beach
High school
Hallandale
Standard status
Active
APN
514222350170
Size
1,725 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HOLLYWOOD PINES ESTATES 6-41 B C O BK 44/297 PT OF BLK 9 F/P/A LOT 13 BLK 9
Tax Annual Amount
9658
Legal Description
HOLLYWOOD PINES ESTATES 6-41 B C O BK 44/297 PT OF BLK 9 F/P/A LOT 13 BLK 9
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump, Ductless, Ceiling Fan(s)
Water source
Public
Amenities
common area washer dryer
Building Details
Year built
1954
Floors in Building
1
Number of units
3
Flooring type
Vinyl, Wood, Tile, Concrete
Building materials
Concrete, Concrete Block - With Stucco, Stucco
Roof type
Shingle
Additional Structures
Outbuilding, Storage
Listing Agency:
United Realty Group Inc
(954) 450-2000
Listed By:
Albert Iglesias · License #3465756
(954) 552-6047
Added: Sep 5
Changed: Sep 9
Last Checked: Sep 9 at 2:06AM
MLS# B26072940
Copyright © 2026 BeachesMLS. 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 1,725-square-foot triplex contains three legal one-bedroom, one-bath units on a 0.11-acre parcel. Originally built in 1954, the property has been renovated with vinyl flooring, new cabinetry, quartz countertops, tiled showers, and ductless mini-split air-conditioning systems. Construction includes concrete and stucco, with public water and public sewer service.
Two apartments are leased, while the third is vacant for showings. Each unit has a separate electric meter, supplemented by a house meter; the property also has one water meter with water service paid by the landlord. A common-area washer and dryer, storage, garden area, and awnings are included. The property is located at 310 NE 6th Street in Hallandale Beach and is zoned CENTRAL RAC.
Two apartments are leased, while the third is vacant for showings. Each unit has a separate electric meter, supplemented by a house meter; the property also has one water meter with water service paid by the landlord. A common-area washer and dryer, storage, garden area, and awnings are included. The property is located at 310 NE 6th Street in Hallandale Beach and is zoned CENTRAL RAC.
Key Highlights
- Three legal 1‑bedroom, 1‑bath units
- 1,725 square feet on a 0.11‑acre parcel
- Two units leased; one unit vacant for showings
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
$28,755
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
4.42%
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%
$575,100
$575.1K
Cap Rate 7%
$410,786
$410.8K
Cap Rate 9%
$319,500
$319.5K
Market Conditions
NOI Build-Up for 1,725 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
$43.5K $25.20/SF
− Vacancy
−$2.4K −$1.39/SF
EGI
$41.1K $23.81/SF
− OpEx
−$12.3K −$7.14/SF
NOI
$28.8K $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%
$575,100
Cap Rate 7%
$410,786
Cap Rate 9%
$319,500
Alternative Uses
Best Use
Multifamily LT 5
$410.8K
$359.4K – $479.3K
NOI $28,755 @ 7.0% cap · market cap 4.42%
Second Best
Apartment 5plus
$379.0K
$331.6K – $442.2K
NOI $26,529 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$875.2K
$765.8K – $1.02M
NOI $61,262 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,986
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three one-bedroom residences with updated interiors, separate electric metering, and shared laundry facilities.
Where is this triplex located?
The property is located at 310 NE 6TH Street 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: Three legal 1‑bedroom, 1‑bath units; 1,725 square feet on a 0.11‑acre parcel; Two units leased; one unit vacant for showings
