Renovated Two-Unit
For Sale
$789,995
404 SE 6th Avenue, Deerfield Beach, FL 33441
Two residential units include a two-bedroom, two-bath main residence and a one-bedroom, one-bath rental unit.
Property Size2,372 SF
Price / SF$333.05
Days on Market62
Property Features for 404 SE 6th Avenue
General Information
Standard status
Active
Size
2,372 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$9,215
Amenities
pool
screened-in patio
Building Details
Building Size
2,372 SF
Year Built
1979
Listing Agency:
Dynasty Realty Group Inc
Listed By:
Christine A Ferrara · License #3238230
(617) 816-8861
Source:
Pamandtoni
Added: Jul 17
Changed: Sep 15
Last Checked: Sep 15 at 9:48AM
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 Dynasty Realty Group Inc
Investment Insights
Based on property information with market context.
This 2,372-square-foot duplex, built in 1979, includes a fully renovated main unit with 2 bedrooms and 2 full bathrooms, along with a second unit featuring 1 bedroom and 1 full bathroom. The two-unit configuration supports an owner-occupied or rental-oriented residential setup, as described in the property information.
Outdoor improvements include a sizable tiled pool, a low-maintenance artificial grass area, and a spacious screened-in patio suited for year-round outdoor living. The property is located at 404 SE 6th Avenue in Deerfield Beach, Florida, minutes from the beach, restaurants, and local hotspots.
Outdoor improvements include a sizable tiled pool, a low-maintenance artificial grass area, and a spacious screened-in patio suited for year-round outdoor living. The property is located at 404 SE 6th Avenue in Deerfield Beach, Florida, minutes from the beach, restaurants, and local hotspots.
Key Highlights
- Fully renovated main unit with 2 bedrooms and 2 full bathrooms
- Second unit includes 1 bedroom and 1 full bathroom
- 2,372‑square‑foot duplex built in 1979
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
$39,541
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
5.01%
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%
$790,820
$790.8K
Cap Rate 7%
$564,871
$564.9K
Cap Rate 9%
$439,344
$439.3K
Market Conditions
NOI Build-Up for 2,372 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
$59.8K $25.20/SF
− Vacancy
−$3.3K −$1.39/SF
EGI
$56.5K $23.81/SF
− OpEx
−$16.9K −$7.14/SF
NOI
$39.5K $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 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%
$790,820
Cap Rate 7%
$564,871
Cap Rate 9%
$439,344
Alternative Uses
Best Use
Multifamily LT 5
$564.9K
$494.3K – $659.0K
NOI $39,541 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$521.1K
$456.0K – $608.0K
NOI $36,480 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,239 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,404
Businesses Nearby
Explore this area
Business Placement
Demographics for 33441, FL
29,311
Population
15,225
Households
1.9
Avg Household Size
43
Median Age
28%
College-Educated
88%
High-School Grad
4.8 sq mi
ZIP Area
6,106
Density / Sq Mi
$57,257
Median Household Income
$35,163
Median Earnings
$1,544
Median Rent
$381,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include a two-bedroom, two-bath main residence and a one-bedroom, one-bath rental unit.
Where is this duplex located?
The property is located at 404 SE 6th Avenue Deerfield Beach, FL.
What is the asking price?
The asking price for this property is $789,995.
What are key features of this property?
This property features: Fully renovated main unit with 2 bedrooms and 2 full bathrooms; Second unit includes 1 bedroom and 1 full bathroom; 2,372‑square‑foot duplex built in 1979
