Renovated Duplex with Fenced
New
For Sale
$619,000
320 SW 10th Terrace, Hallandale Beach, FL 33009
Residential Income, Hallandale Beach, FL
Property Size1,642 SF
Price / SF$376.98
Days on Market4
Property Features for 320 SW 10th Terrace
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RD-12
Bedrooms
4
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 2
Window features
Storm Window(s)
Patio and Porch features
Porch
Pets allowed
No, Yes
Exterior features
Storage
Fencing
Fenced
Subdivision
OAK ACRES
Lot features
Landscaped
Elementary school
Gulfstream Academy Of Hallandale Beach
Middle school
Gulfstream Academy Of Hallandale Beach
High school
Hallandale
Standard status
Active
APN
514228290280
Size
1,642 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
OAK ACRES 46-39 B LOT 18 BLK 2
Tax Annual Amount
9784
Legal Description
OAK ACRES 46-39 B LOT 18 BLK 2
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
individual laundry rooms
fenced backyard
storage shed
hurricane-impact windows
central A/C
tile flooring
modern kitchens with quartz countertops, wood shaker cabinetry and stainless-steel appliances
beautifully renovated bathrooms with tiled showers and updated fixtures
Building Details
Year built
1970
Floors in Building
1
Number of units
2
Flooring type
Terrazzo, Tile
Building materials
CBS, Concrete Block - With Stucco
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Dalton Wade Inc
(888) 668-8283
Listed By:
Krissy Rudd · License #3439621
(561) 229-9180
Added: Sep 19
Changed: Sep 22
Last Checked: Sep 22 at 11:06PM
MLS# B26078308
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 renovated duplex contains 1,642 square feet across two nearly matching units. Improvements include hurricane-impact windows, central air conditioning, tile or terrazzo flooring, updated kitchens with quartz counters, wood shaker cabinets, and stainless-steel appliances. The bathrooms feature tiled showers and refreshed fixtures. Each unit has its own laundry room, while the property also provides four parking spaces, a fenced backyard, and a large storage shed. The front unit is currently rented.
Located at 320 SW 10th Terrace in Hallandale Beach, the property is within walking distance of schools, dining, shopping, and public transportation. The beach, Gulfstream Park, Hard Rock, and major highways are minutes away. The property is served by public water and public sewer and is zoned RD-12.
Located at 320 SW 10th Terrace in Hallandale Beach, the property is within walking distance of schools, dining, shopping, and public transportation. The beach, Gulfstream Park, Hard Rock, and major highways are minutes away. The property is served by public water and public sewer and is zoned RD-12.
Key Highlights
- Renovated duplex with 1,642 square feet of building area
- Two nearly identical units; front unit is rented
- Four parking spaces and separate laundry rooms
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
$27,372
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%
$547,440
$547.4K
Cap Rate 7%
$391,029
$391.0K
Cap Rate 9%
$304,133
$304.1K
Market Conditions
NOI Build-Up for 1,642 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
$41.4K $25.20/SF
− Vacancy
−$2.3K −$1.39/SF
EGI
$39.1K $23.81/SF
− OpEx
−$11.7K −$7.14/SF
NOI
$27.4K $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%
$547,440
Cap Rate 7%
$391,029
Cap Rate 9%
$304,133
Alternative Uses
Best Use
Multifamily LT 5
$391.0K
$342.2K – $456.2K
NOI $27,372 @ 7.0% cap · market cap 4.42%
Second Best
Apartment 5plus
$360.8K
$315.7K – $420.9K
NOI $25,253 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$833.1K
$728.9K – $971.9K
NOI $58,314 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,351
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
Check the figures for this property
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 - Two similar residences offer updated interiors, private laundry rooms, and shared outdoor storage.
Where is this duplex located?
The property is located at 320 SW 10th Terrace Hallandale Beach, FL.
What is the asking price?
The asking price for this property is $619,000.
What are key features of this property?
This property features: Renovated duplex with 1,642 square feet of building area; Two nearly identical units; front unit is rented; Four parking spaces and separate laundry rooms
