Triplex With Dual
For Sale
$769,000
4265 SW 51st Street, Dania Beach, FL 33314
Residential Income, Dania Beach, FL
Property Size2,362 SF
Lot Size0.26 Acres
Price / SF$325.57
Days on Market93
Property Features for 4265 SW 51st Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RD-8000
Bedrooms
6
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 6, Bedroom 3, Bathroom 1, Bedroom 4
Patio and Porch features
Patio
Pets allowed
Yes, No
Subdivision
BROWARD GARDENS
Elementary school
Stirling
Middle school
Attucks
High school
Hollywood Hills
Standard status
Active
APN
504136020122
Size
2,362 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BROWARD GARDENS 21-48 B LOT 1 N 14 OF S 144,2 S 144 BLK 2
Tax Annual Amount
10893
Legal Description
BROWARD GARDENS 21-48 B LOT 1 N 14 OF S 144,2 S 144 BLK 2
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1961
Floors in Building
1
Number of units
3
Flooring type
Tile
Building materials
Concrete Block - With Stucco
Roof type
Shingle
Listing Agency:
United Realty Group Inc.
(954) 450-2000
Listed By:
Tracy Weic LLC · License #3499453
(305) 450-1280
Added: Jun 4
Changed: Sep 4
Last Checked: Sep 4 at 9:06AM
MLS# B26036904
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 2,362-square-foot triplex was built in 1961 and occupies a 0.26-acre parcel with an 11,370-square-foot lot. One unit has been renovated, while the other two offer renovation potential. The property includes tile flooring, wall and window unit cooling, a patio, shingle roofing, and concrete-block construction with stucco. Public water and public sewer serve the property, and cable is available.
Dual access is provided from SW 51st Street and SW 43rd Terrace. The property is approximately a five-minute walk from Broward Maimonides Academy and is located minutes from beaches, FLL Airport, major highways, shopping, and dining. RD-8000 zoning and the existing triplex configuration provide the primary physical and land-use framework for the asset.
Dual access is provided from SW 51st Street and SW 43rd Terrace. The property is approximately a five-minute walk from Broward Maimonides Academy and is located minutes from beaches, FLL Airport, major highways, shopping, and dining. RD-8000 zoning and the existing triplex configuration provide the primary physical and land-use framework for the asset.
Key Highlights
- Triplex configuration with 2,362 SF of building area
- 11,370 SF lot on 0.26 acres
- Dual access from SW 51st Street and SW 43rd Terrace
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
$39,374
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
5.12%
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%
$787,480
$787.5K
Cap Rate 7%
$562,486
$562.5K
Cap Rate 9%
$437,489
$437.5K
Market Conditions
NOI Build-Up for 2,362 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
$59.5K $25.20/SF
− Vacancy
−$3.3K −$1.39/SF
EGI
$56.2K $23.81/SF
− OpEx
−$16.9K −$7.14/SF
NOI
$39.4K $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%
$787,480
Cap Rate 7%
$562,486
Cap Rate 9%
$437,489
Alternative Uses
Best Use
Multifamily LT 5
$562.5K
$492.2K – $656.2K
NOI $39,374 @ 7.0% cap · market cap 5.12%
Second Best
Apartment 5plus
$518.9K
$454.1K – $605.4K
NOI $36,326 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,884 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Income-producing triplex with one renovated unit, two additional units, and substantial outdoor area.
Where is this triplex located?
The property is located at 4265 SW 51st Street Dania Beach, FL.
What is the asking price?
The asking price for this property is $769,000.
What are key features of this property?
This property features: Triplex configuration with 2,362 SF of building area; 11,370 SF lot on 0.26 acres; Dual access from SW 51st Street and SW 43rd Terrace
