Two-Unit Duplex with
New
For Sale
$495,000
37 SE 14TH Street #12, Dania Beach, FL 33004
Two separate residences include individual electric meters, a storage shed, and outdoor yard space in a residential setting.
Property Size1,265 SF
Price / SF$391.30
Days on Market6
Property Features for 37 SE 14TH Street #12
General Information
Standard status
Active
Size
1,265 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
NBHD-RES
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$7,642
Amenities
yard
storage shed
Building Details
Building Size
1,265 SF
Year Built
1955
Stories
1
Listing Agency:
A J Ryan Realty
Listed By:
John M Ryan · License #506936
(954) 258-5900
Source:
Laerrealty
Added: Sep 19
Last Checked: Sep 24 at 7:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of A J Ryan Realty
Investment Insights
Based on property information with market context.
This duplex contains two separate 1-bedroom, 1-bath units within a 1,265-square-foot property built in 1955. Each residence is separately metered for electricity, and the property includes a yard with a storage shed. NBHD-RES zoning is noted for the property.
Located at 37 SE 14th Street in Dania Beach, the property sits east of US-1 and is described as minutes from the beach. Dania Beach shopping, restaurants, entertainment, Fort Lauderdale-Hollywood International Airport, and major roadways are nearby. The two-unit layout may accommodate an owner occupant seeking one residence with a second unit for rent, or an investor evaluating a duplex configuration.
Located at 37 SE 14th Street in Dania Beach, the property sits east of US-1 and is described as minutes from the beach. Dania Beach shopping, restaurants, entertainment, Fort Lauderdale-Hollywood International Airport, and major roadways are nearby. The two-unit layout may accommodate an owner occupant seeking one residence with a second unit for rent, or an investor evaluating a duplex configuration.
Key Highlights
- Two separate 1‑bedroom, 1‑bath units
- 1,265‑square‑foot duplex built in 1955
- Separate electric meters for each unit
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
$21,087
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
4.26%
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%
$421,740
$421.7K
Cap Rate 7%
$301,243
$301.2K
Cap Rate 9%
$234,300
$234.3K
Market Conditions
NOI Build-Up for 1,265 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
$31.9K $25.20/SF
− Vacancy
−$1.8K −$1.39/SF
EGI
$30.1K $23.81/SF
− OpEx
−$9.0K −$7.14/SF
NOI
$21.1K $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%
$421,740
Cap Rate 7%
$301,243
Cap Rate 9%
$234,300
Alternative Uses
Best Use
Multifamily LT 5
$301.2K
$263.6K – $351.5K
NOI $21,087 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$277.9K
$243.2K – $324.3K
NOI $19,455 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$641.8K
$561.6K – $748.8K
NOI $44,925 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,179
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences include individual electric meters, a storage shed, and outdoor yard space in a residential setting.
Where is this duplex located?
The property is located at 37 SE 14TH Street #12 Dania Beach, FL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Two separate 1‑bedroom, 1‑bath units; 1,265‑square‑foot duplex built in 1955; Separate electric meters for each unit
