Two-Unit Duplex with New
501 NW 7th Ct, Hallandale Beach, FL 33009
For Sale
New
$569,999
Two matching residences each offer two bedrooms, one bathroom, mini-split A/C, and an individual electric meter.
Property Size1,608 SF
Price / SF$354.48
Days on Market6
Property Features for 501 NW 7th Ct
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Highway Access
Tenant in Place
Amenities
backyard
Less Than 1/4 Acre Lot
Shingle
Public Sewer
Parcel Number: 514221070261, Public Survey Range: 51, Public Survey Section: 21, Public Survey Township: 51, Annual Amount: $8,623, Legal Description: OCEAN PARK 5-6 B LOT 7 BLK 3, Year: 2025, Zoning: RD-12
Tile
Ceiling Fan(s), Electric, Wall/Window Unit(s)
Listing ID: A12117876, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-11-04, Rent Includes: Water
2 total parking spaces
Built in 1964, Year Built Details: Effective Year Built, Living area: 1608, Living area units: Square Feet, 1 storey, Construction Materials: Concrete Block Construction
Subdivision: OCEAN PARK, MLS Area (Major): Ocean Park, County/Parish: Broward County
Leasable area units: Square Feet
2 units in community
Building Details
Year Built
Listing Agency:
Coldwell Banker Realty
(954) 963-1600
Listed By:
Snidwing Black · License #3491577
(305) 332-5094
Source:
Riserealty
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 8 at 6:47AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This RD-12-zoned duplex contains two 2-bedroom, 1-bathroom units, with 1,608 square feet of property size. A roof installed in 2025, mini-split A/C systems, and separate electric meters serve the property. The building dates to 1964, and the lot includes a spacious backyard.
Hallandale Beach amenities and destinations in the surrounding area include Gulfstream Park, Aventura Mall, the beach, shopping centers, restaurants, and grocery stores. I-95 is also among the nearby major highways.
Hallandale Beach amenities and destinations in the surrounding area include Gulfstream Park, Aventura Mall, the beach, shopping centers, restaurants, and grocery stores. I-95 is also among the nearby major highways.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units
- 1,608 square feet of property size
- Roof installed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,571
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$491,420
$491.4K
Cap Rate 7%
$351,014
$351.0K
Cap Rate 9%
$273,011
$273.0K
Market Conditions
NOI Build-Up for 1,608 SF
Gross rent
$47.3K $29.40/SF
− Vacancy
−$2.6K −$1.62/SF
EGI
$44.7K $27.78/SF
− OpEx
−$20.1K −$12.50/SF
NOI
$24.6K $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%
$491,420
Cap Rate 7%
$351,014
Cap Rate 9%
$273,011
Alternative Uses
Best Use
Apartment 5plus
$351.0K
$307.1K – $409.5K
NOI $24,571 @ 7.0% cap · market cap 4.31%
Second Best
Multifamily LT 5
$269.7K
$236.0K – $314.7K
NOI $18,879 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$815.8K
$713.8K – $951.8K
NOI $57,106 @ 7.0% cap · market cap 10.02%
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
$248,300
Median Home Value
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Market
Average Price Trend$/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 matching residences each offer two bedrooms, one bathroom, mini-split A/C, and an individual electric meter.
Where is this duplex located?
The property is located at 501 NW 7th Ct Hallandale Beach, FL.
What is the asking price?
The asking price for this property is $569,999.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom units; 1,608 square feet of property size; Roof installed in 2025
