Updated 2-Unit
401 SW 403 4th Terrace, Hallandale Beach, FL 33009
For Sale
$599,500
Two-bedroom, one-bath residences include in-unit laundry hookups and central air conditioning.
Property Size1,593 SF
Price / SF$376.33
Days on Market18
Property Features for 401 SW 403 4th Terrace
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Amenities
large backyard
central air conditioning
washer/dryer hookups
impact-resistant windows
stainless steel appliances
Building Details
Year Built
Listing Agency:
Miami Beach Real Estate Group
(305) 787-4798
Listed By:
Roberto Sosa Gonzalez · License FL #3403083
(305) 927-5494
Source:
Isaacsrealestate
Added: Oct 26
Changed: Nov 12
Last Checked: Nov 12 at 3:54PM
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 Miami Beach Real Estate Group
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Investment Insights
Based on property information with market context.
This Hallandale Beach duplex contains two residences, each configured with two bedrooms, one bathroom, living and dining areas, and a kitchen with stainless steel appliances. Both units have washer and dryer hookups and central air conditioning. The property also includes four assigned parking spaces, guest parking, and a large backyard.
Recent work includes a plumbing replacement with PVC piping and installation of impact-resistant windows. A drainage system connects directly to the street. The roof and fence were replaced about two years ago, and both central air-conditioning systems were updated about three years ago.
The property is a few blocks from Biscayne Boulevard and minutes from I-95. Restaurants, shops, services, and major transportation routes are nearby.
Recent work includes a plumbing replacement with PVC piping and installation of impact-resistant windows. A drainage system connects directly to the street. The roof and fence were replaced about two years ago, and both central air-conditioning systems were updated about three years ago.
The property is a few blocks from Biscayne Boulevard and minutes from I-95. Restaurants, shops, services, and major transportation routes are nearby.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- Four assigned parking spaces plus guest parking
- Impact‑resistant windows and PVC plumbing replacement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,342
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,840
$486.8K
Cap Rate 7%
$347,743
$347.7K
Cap Rate 9%
$270,467
$270.5K
Market Conditions
NOI Build-Up for 1,593 SF
Gross rent
$46.8K $29.40/SF
− Vacancy
−$2.6K −$1.62/SF
EGI
$44.3K $27.78/SF
− OpEx
−$19.9K −$12.50/SF
NOI
$24.3K $15.28/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,840
Cap Rate 7%
$347,743
Cap Rate 9%
$270,467
Alternative Uses
Best Use
Apartment 5plus
$347.7K
$304.3K – $405.7K
NOI $24,342 @ 7.0% cap · market cap 4.06%
Second Best
Multifamily LT 5
$267.2K
$233.8K – $311.7K
NOI $18,702 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$808.2K
$707.2K – $942.9K
NOI $56,574 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,533
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
$248,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Hallandale Beach, FL
Properties on Market for Duplexes in Hallandale Beach
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom, one-bath residences include in-unit laundry hookups and central air conditioning.
Where is this duplex located?
The property is located at 401 SW 403 4th Terrace Hallandale Beach, FL.
What is the asking price?
The asking price for this property is $599,500.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; Four assigned parking spaces plus guest parking; Impact‑resistant windows and PVC plumbing replacement
