Triplex with Two Guest
For Sale
$699,000
Pending
40 SE 8th St, Dania Beach, FL 33004
Main residence plus two independent guest quarters each offer full kitchens and private baths.
Property Size2,211 SF
Days on Market169
Property Features for 40 SE 8th St
General Information
Standard status
Pending
Size
2,211 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$11,031
Building Details
Building Size
2,211 SF
Year Built
1955
Stories
1
Listed By:
Kimberly DeSocio
(954) 303-1082
Source:
Elliman
Added: May 10
Changed: Oct 13
Last Checked: Oct 24 at 7:40PM
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 Kimberly DeSocio
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Investment Insights
Based on property information with market context.
This triplex-style property includes a main residence and two independent guest quarters, with each guest quarter featuring a full kitchen and a private bathroom. The overall setup is designed to balance shared ownership with privacy across separate quarters.
Located in East Dania Beach at 40 SE 8th St, the property is described as being about 10 minutes from FTL Airport and roughly 1.5 miles from the shores of Dania and Hollywood Beaches. It is also positioned moments from Dania Pointe dining and shopping, with local schools and nearby entertainment mentioned in the listing.
The property is currently featuring stable, long-term tenants. Listing showings are restricted to buyers providing proof of funds or verified financing approval. BikeScore is 78 (very bikeable), walkScore is 86 (very walkable), and transitScore is 41 (some transit), per the provided materials.
Located in East Dania Beach at 40 SE 8th St, the property is described as being about 10 minutes from FTL Airport and roughly 1.5 miles from the shores of Dania and Hollywood Beaches. It is also positioned moments from Dania Pointe dining and shopping, with local schools and nearby entertainment mentioned in the listing.
The property is currently featuring stable, long-term tenants. Listing showings are restricted to buyers providing proof of funds or verified financing approval. BikeScore is 78 (very bikeable), walkScore is 86 (very walkable), and transitScore is 41 (some transit), per the provided materials.
Key Highlights
- Main residence plus two independent guest quarters, each with full kitchens and private baths
- Year built: 1955
- Located about 10 minutes from FTL Airport
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,857
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$737,140
$737.1K
Cap Rate 7%
$526,529
$526.5K
Cap Rate 9%
$409,522
$409.5K
Market Conditions
NOI Build-Up for 2,211 SF
Gross rent
$55.7K $25.20/SF
− Vacancy
−$3.1K −$1.39/SF
EGI
$52.7K $23.81/SF
− OpEx
−$15.8K −$7.14/SF
NOI
$36.9K $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%
$737,140
Cap Rate 7%
$526,529
Cap Rate 9%
$409,522
Alternative Uses
Best Use
Multifamily LT 5
$526.5K
$460.7K – $614.3K
NOI $36,857 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$485.8K
$425.1K – $566.7K
NOI $34,004 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$1.12M
$981.5K – $1.31M
NOI $78,521 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,107
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Main residence plus two independent guest quarters each offer full kitchens and private baths.
Where is this triplex located?
The property is located at 40 SE 8th St Dania Beach, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Main residence plus two independent guest quarters, each with full kitchens and private baths; Year built: 1955; Located about 10 minutes from FTL Airport
