Renovated
For Sale
$1,180,000
329 SE 2nd St, Hallandale Beach, FL 33009
Residential Income, Hallandale Beach, FL
Property Size2,908 SF
Price / SF$405.78
Days on Market86
Property Features for 329 SE 2nd St
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
CENTRAL
Bedrooms
5
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 4, Bathroom 2, Bedroom 5
Parking
4
Subdivision
SUB OF E1/2 OF OUT
Lot features
Flood Zone, < 1/4 Acre
Standard status
Active
APN
514227020061
Size
2,908 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 6 3-20 B LOT 15
Tax Annual Amount
8916
Legal Description
LOT 6 3-20 B LOT 15
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Amenities
in-unit washer/dryer
Building Details
Year built
1978
Floors in Building
1
Flooring type
Laminate
Building materials
CBSConcreteBlockStructure, Block
Roof type
Shingle
Listing Agency:
Florida Capital Realty
(786) 953-5870
Listed By:
Berlinda Medina · License #3059307
(786) 262-1982
Added: Jul 18
Changed: Oct 10
Last Checked: Oct 11 at 10:06PM
MLS# A12048899
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 three-unit residential property contains 2,908 square feet of living area and sits on a corner lot. Renovations across the units include updated kitchens, impact-resistant windows, and in-unit washers and dryers. The shingle roof was replaced in 2022.
The property is one block from US-1 and one block from Hallandale Beach Boulevard in Hallandale Beach. All three units are leased.
The property is one block from US-1 and one block from Hallandale Beach Boulevard in Hallandale Beach. All three units are leased.
Key Highlights
- Triplex with 2,908 square feet of living area
- All units are leased
- Updated kitchens, impact windows, and in‑unit washers and dryers in every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,476
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$969,520
$969.5K
Cap Rate 7%
$692,514
$692.5K
Cap Rate 9%
$538,622
$538.6K
Market Conditions
NOI Build-Up for 2,908 SF
Gross rent
$73.3K $25.20/SF
− Vacancy
−$4.0K −$1.39/SF
EGI
$69.3K $23.81/SF
− OpEx
−$20.8K −$7.14/SF
NOI
$48.5K $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%
$969,520
Cap Rate 7%
$692,514
Cap Rate 9%
$538,622
Alternative Uses
Best Use
Multifamily LT 5
$692.5K
$606.0K – $807.9K
NOI $48,476 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$638.9K
$559.0K – $745.4K
NOI $44,723 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,275 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,857
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?
Triplex - Fully occupied rental property with impact windows, in-unit laundry, and a 2022 roof replacement.
Where is this triplex located?
The property is located at 329 SE 2nd St Hallandale Beach, FL.
What is the asking price?
The asking price for this property is $1,180,000.
What are key features of this property?
This property features: Triplex with 2,908 square feet of living area; All units are leased; Updated kitchens, impact windows, and in‑unit washers and dryers in every unit
