Quadplex with Updated
For Sale
$2,198,000
4065 SW 51st Street, Dania Beach, FL 33314
MULTI_FAMILY - Dania Beach, FL
Property Size6,012 SF
Lot Size0.71 Acres
Price / SF$365.60
Days on Market213
Property Features for 4065 SW 51st Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RD-8000
Bedrooms
12
Full bathrooms
8
Rooms
Bedroom 7, Bathroom 2, Bedroom 4, Bedroom 6, Bathroom 7, Bedroom 3, Bedroom 12, Bedroom 8, Bedroom 10, Bathroom 3, Bedroom 2, Bathroom 5, Bedroom 1, Bedroom 9, Bedroom 11, Bathroom 4, Bathroom 1, Bedroom 5, Bathroom 6, Bathroom 8
Window features
Blinds
Fencing
Fenced
Subdivision
BROWARD GARDENS
Directions
From US-1 (SR5/441), head east on SW 51st St. The property is on the left (north) side just before SW 40th Ave
Standard status
Active
APN
504136020230
Size
6,012 SF
Lot size
0.71 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BROWARD GARDENS 21-48 B LOT 14 BLK 2
Tax Annual Amount
22253
Legal Description
BROWARD GARDENS 21-48 B LOT 14 BLK 2
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
private fenced yards
in-unit laundry
Building Details
Year built
1987
Floors in Building
1
Number of units
4
Flooring type
Tile, Tile - Ceramic
Building materials
Block, CBS
Roof type
Shingle, Composition
Listing Agency:
Fidelity Real Estate Group LLC
(954) 345-9144
Listed By:
Carlos A Montoya · License #0623048
(954) 234-7653
Added: Jan 13
Changed: Aug 10
Last Checked: Aug 14 at 10:06PM
MLS# F10544987
Copyright © 2026 BeachesMLS. 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 quadplex features two large duplexes side by side on a site close to 3/4 of an acre (31089 SF). The property provides four spacious, updated units, each laid out with three bedrooms and two bathrooms and over 1500 SF. Interiors include tile flooring throughout, and each unit has private fenced yard space plus in-unit laundry.
The buildings were constructed in block/CBS and were built in 1987. Exterior improvements include newer roofs and hurricane-impact windows. Heating and cooling are provided by central systems, and the property is served by public water and public sewer, with cable available.
Zoned RD-8000, the site is located in Dania Beach, just minutes to Hard Rock Casino, Fort Lauderdale Airport, nightlife, and famous Sandy Beaches. The configuration also presents an opportunity to add units, subject to approvals.
The buildings were constructed in block/CBS and were built in 1987. Exterior improvements include newer roofs and hurricane-impact windows. Heating and cooling are provided by central systems, and the property is served by public water and public sewer, with cable available.
Zoned RD-8000, the site is located in Dania Beach, just minutes to Hard Rock Casino, Fort Lauderdale Airport, nightlife, and famous Sandy Beaches. The configuration also presents an opportunity to add units, subject to approvals.
Key Highlights
- Two duplexes side by side on a close to 3/4‑acre site (31089 SF)
- Four updated 3‑bedroom, 2‑bath units with over 1500 SF each
- Newer roofs and hurricane‑impact windows
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
$100,219
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
4.56%
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%
$2,004,380
$2.0M
Cap Rate 7%
$1,431,700
$1.4M
Cap Rate 9%
$1,113,544
$1.1M
Market Conditions
NOI Build-Up for 6,012 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
$151.5K $25.20/SF
− Vacancy
−$8.3K −$1.39/SF
EGI
$143.2K $23.81/SF
− OpEx
−$43.0K −$7.14/SF
NOI
$100.2K $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%
$2,004,380
Cap Rate 7%
$1,431,700
Cap Rate 9%
$1,113,544
Alternative Uses
Best Use
Multifamily LT 5
$1.43M
$1.25M – $1.67M
NOI $100,219 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$1.32M
$1.16M – $1.54M
NOI $92,460 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$3.05M
$2.67M – $3.56M
NOI $213,510 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,346
Businesses Nearby
Explore this area
Business Placement
Demographics for 33314, FL
30,248
Population
12,041
Households
2.5
Avg Household Size
34
Median Age
30%
College-Educated
89%
High-School Grad
8.8 sq mi
ZIP Area
3,437
Density / Sq Mi
$63,791
Median Household Income
$36,733
Median Earnings
$2,034
Median Rent
$347,600
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?
Quadplex - Four updated 3-bedroom, 2-bath units offer private fenced yards and in-unit laundry in a block/CBS quadplex.
Where is this quadplex located?
The property is located at 4065 SW 51st Street Dania Beach, FL.
What is the asking price?
The asking price for this property is $2,198,000.
What are key features of this property?
This property features: Two duplexes side by side on a close to 3/4‑acre site (31089 SF); Four updated 3‑bedroom, 2‑bath units with over 1500 SF each; Newer roofs and hurricane‑impact windows
