Side-by-Side Duplex with Yard
New
For Sale
$500,000
4815 SW 65th Way, Davie, FL 33314
Two residential units provide distinct bedroom and bathroom layouts, with washer and dryer hookups and private outdoor yard areas.
Property Size1,929 SF
Price / SF$259.20
Days on Market3
Property Features for 4815 SW 65th Way
General Information
Standard status
Active
Size
1,929 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
RM-10
Units
Unit Mix
1 x 2BR/1BA, 1 x 2BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,151
Amenities
in-unit washer/dryer hookups
outdoor yard space
Building Details
Building Size
1,929 SF
Year Built
1971
Stories
1
Listing Agency:
Keller Williams Capital Realty
(305) 417-8037
Listed By:
Nordis D Forcade-Martin · License #3407305
(305) 417-8037
Source:
Laerrealty
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 13 at 8:35AM
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 Keller Williams Capital Realty
Investment Insights
Based on property information with market context.
Built in 1971, this 1,929-square-foot duplex contains two side-by-side residential units with differing layouts. The first unit includes 2 bedrooms and 1 bathroom, while the second provides 2 bedrooms and 2 bathrooms. Both residences have in-unit washer and dryer hookups and outdoor yard space. The property is zoned RM-10 and is located at 4815 SW 65th Way in Davie, Florida.
The address places the duplex near major highways, dining, shopping, schools, hospitals, and places of worship. The configuration supports separate household occupancy within one property, subject to the applicable requirements. This is a probate sale requiring court approval.
The address places the duplex near major highways, dining, shopping, schools, hospitals, and places of worship. The configuration supports separate household occupancy within one property, subject to the applicable requirements. This is a probate sale requiring court approval.
Key Highlights
- 1,929‑square‑foot side‑by‑side duplex built in 1971
- Unit 1: 2 bedrooms and 1 bathroom
- Unit 2: 2 bedrooms and 2 bathrooms
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
$21,232
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
4.25%
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%
$424,640
$424.6K
Cap Rate 7%
$303,314
$303.3K
Cap Rate 9%
$235,911
$235.9K
Market Conditions
NOI Build-Up for 1,929 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
$31.2K $16.20/SF
− Vacancy
−$919 −$0.48/SF
EGI
$30.3K $15.72/SF
− OpEx
−$9.1K −$4.72/SF
NOI
$21.2K $11.01/SF
Area
Davie, FL
Vacancy
2.94%
Lease Rate
$16.20 /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%
$424,640
Cap Rate 7%
$303,314
Cap Rate 9%
$235,911
Alternative Uses
Best Use
Multifamily LT 5
$303.3K
$265.4K – $353.9K
NOI $21,232 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$280.2K
$245.2K – $326.9K
NOI $19,615 @ 7.0% cap · market cap 3.92%
Theoretical Best
Warehouse
$365.7K
$320.0K – $426.7K
NOI $25,601 @ 7.0% cap · market cap 5.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
908
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?
Duplex - Two residential units provide distinct bedroom and bathroom layouts, with washer and dryer hookups and private outdoor yard areas.
Where is this duplex located?
The property is located at 4815 SW 65th Way Davie, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 1,929‑square‑foot side‑by‑side duplex built in 1971; Unit 1: 2 bedrooms and 1 bathroom; Unit 2: 2 bedrooms and 2 bathrooms
