Remodeled Duplex with New
For Sale
$599,000
337 Phippen Waiters Rd, Dania Beach, FL 33004
Residential Income, Dania Beach, FL
Property Size1,575 SF
Price / SF$380.32
Days on Market46
Property Features for 337 Phippen Waiters Rd
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
NBHD-MU
Bedrooms
4
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3
Parking
2
Subdivision
VICTORY HEIGHTS
Lot features
< 1/4 Acre
Standard status
Active
APN
514203380140
Size
1,575 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
VICTORY HEIGHTS 21-2 B LOT 14 BLK 1
Tax Annual Amount
8377
Legal Description
VICTORY HEIGHTS 21-2 B LOT 14 BLK 1
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Building Details
Year built
1960
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Shingle
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Gerardo Henriquez Zambrano · License #3495304
(786) 956-1192
Added: Aug 29
Changed: Oct 13
Last Checked: Oct 13 at 6:06PM
MLS# A12079701
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 contains two 2-bedroom, 1-bathroom units within approximately 1,575 square feet of total living area. The property was built in 1960 and has been remodeled with updated flooring, newer AC systems, and a new shingle roof. Block construction, tile flooring, central heating, electric service, and public sewer further define the improvements.
Both units are currently rented at $2,100 per month each, producing $4,200 per month in combined rental income. The property is located near Fort Lauderdale-Hollywood International Airport, beaches, major roads, shopping, dining, and entertainment in Dania Beach.
Both units are currently rented at $2,100 per month each, producing $4,200 per month in combined rental income. The property is located near Fort Lauderdale-Hollywood International Airport, beaches, major roads, shopping, dining, and entertainment in Dania Beach.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units
- Approximately 1,575 square feet of total living area
- Both units rented at $2,100 per month each
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,255
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,100
$525.1K
Cap Rate 7%
$375,071
$375.1K
Cap Rate 9%
$291,722
$291.7K
Market Conditions
NOI Build-Up for 1,575 SF
Gross rent
$39.7K $25.20/SF
− Vacancy
−$2.2K −$1.39/SF
EGI
$37.5K $23.81/SF
− OpEx
−$11.3K −$7.14/SF
NOI
$26.3K $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%
$525,100
Cap Rate 7%
$375,071
Cap Rate 9%
$291,722
Alternative Uses
Best Use
Multifamily LT 5
$375.1K
$328.2K – $437.6K
NOI $26,255 @ 7.0% cap · market cap 4.38%
Second Best
Apartment 5plus
$346.0K
$302.8K – $403.7K
NOI $24,222 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$799.1K
$699.2K – $932.2K
NOI $55,934 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,762
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
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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 - Two-bedroom units offer a compact multifamily layout with current tenants and central air conditioning.
Where is this duplex located?
The property is located at 337 Phippen Waiters Rd Dania Beach, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom units; Approximately 1,575 square feet of total living area; Both units rented at $2,100 per month each
