New Corner
For Sale
$885,000
526 NW 6th St, Hallandale Beach, FL 33009
MULTI_FAMILY - Hallandale Beach, FL
Property Size2,166 SF
Price / SF$408.59
Days on Market29
Property Features for 526 NW 6th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RD-12
Bedrooms
6
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 4, Bedroom 3, Bedroom 4, Bedroom 1, Bedroom 6, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 5
Parking
4
Security features
Security
Exterior features
Security/High Impact Doors
Subdivision
FOSTER HOMESITES
Lot features
< 1/4 Acre
Standard status
Active
APN
514221150240
Size
2,166 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
FOSTER HOMESITES 15-48 B & DB 334/84 LOT 8,9 BLK 2
Tax Annual Amount
20646
Legal Description
FOSTER HOMESITES 15-48 B & DB 334/84 LOT 8,9 BLK 2
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Amenities
private laundry
hurricane impact windows
central A/C
private backyard
gated parking
stainless steel appliances
Building Details
Year built
2023
Floors in Building
2
Flooring type
Tile - Ceramic
Building materials
Block
Roof type
Flat, Tile
Listing Agency:
Compass Florida, LLC
(954) 477-7332
Listed By:
Teresa Santana · License #3055437
(954) 873-1586
Added: Jul 18
Changed: Aug 11
Last Checked: Aug 15 at 9:06PM
MLS# A12019066
Copyright © 2026 Miami REALTORS®. 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.
New construction corner duplex built in 2023 with block construction. Each unit offers three bedrooms, two bathrooms, private laundry, and modern kitchen and bathroom finishes. The property includes hurricane impact windows and security/high impact doors. Flooring is ceramic tile throughout.
Each unit has its own electric and water meter, and both units are currently rented. Heating and cooling are provided by central systems with electric HVAC. Roof design includes flat and tile components, and the home is served by public sewer with cable available.
Externally, the duplex provides private, gated parking with an extended driveway and a private backyard for each unit. The property is in an Opportunity Zone and is described as approximately three blocks from a new Hallandale Beach shopping center, with access also noted to local destinations including beaches, Aventura Mall, Brightline station, Hard Rock Stadium, FIU, I-95, and nearby airports.
Each unit has its own electric and water meter, and both units are currently rented. Heating and cooling are provided by central systems with electric HVAC. Roof design includes flat and tile components, and the home is served by public sewer with cable available.
Externally, the duplex provides private, gated parking with an extended driveway and a private backyard for each unit. The property is in an Opportunity Zone and is described as approximately three blocks from a new Hallandale Beach shopping center, with access also noted to local destinations including beaches, Aventura Mall, Brightline station, Hard Rock Stadium, FIU, I-95, and nearby airports.
Key Highlights
- New construction corner duplex built in 2023
- Each unit has three bedrooms, two bathrooms and private laundry
- Hurricane impact windows plus security/high impact doors
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
$36,107
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
4.08%
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%
$722,140
$722.1K
Cap Rate 7%
$515,814
$515.8K
Cap Rate 9%
$401,189
$401.2K
Market Conditions
NOI Build-Up for 2,166 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
$54.6K $25.20/SF
− Vacancy
−$3.0K −$1.39/SF
EGI
$51.6K $23.81/SF
− OpEx
−$15.5K −$7.14/SF
NOI
$36.1K $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%
$722,140
Cap Rate 7%
$515,814
Cap Rate 9%
$401,189
Alternative Uses
Best Use
Multifamily LT 5
$515.8K
$451.3K – $601.8K
NOI $36,107 @ 7.0% cap · market cap 4.08%
Second Best
Apartment 5plus
$475.9K
$416.4K – $555.2K
NOI $33,312 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$1.10M
$961.5K – $1.28M
NOI $76,923 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,277
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
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 - 2023 corner duplex with both units rented, featuring hurricane impact windows and central A/C with private laundry.
Where is this duplex located?
The property is located at 526 NW 6th St Hallandale Beach, FL.
What is the asking price?
The asking price for this property is $885,000.
What are key features of this property?
This property features: New construction corner duplex built in 2023; Each unit has three bedrooms, two bathrooms and private laundry; Hurricane impact windows plus security/high impact doors
