6-Unit Apartment
618 SW 4th Avenue, Hallandale Beach, FL 33009
For Sale
$1,850,000
Single-story duplexes feature private entrances and in-unit laundry, with two-bedroom, one-bath layouts throughout.
Property Size7,876 SF
Price / SF$234.89
Days on Market11
Property Features for 618 SW 4th Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Parking per Unit
Additional Details
Highway Access
Amenities
laundry
central A/C
fenced backyard
Building Details
Year Built
Buildings
Stories
Listing Agency:
The Keyes Company
(954) 389-3459
Listed By:
Hilda Mack · License #3147651
(954) 562-4273
Source:
Lehmannflorida
Added: Oct 27
Changed: Nov 6
Last Checked: Nov 6 at 3:11PM
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 The Keyes Company
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Investment Insights
Based on property information with market context.
Three single-story duplex buildings comprise this six-unit apartment property in Hallandale Beach. Each residence has two bedrooms, one bathroom, a private entrance, and its own laundry. Interior features include tile flooring, ceiling fans, double closets, central A/C, and bathrooms with tiled tub-and-shower combinations and newer vanities. The property measures 7,876 square feet and was built in 1973.
On-site parking totals 12 spaces, with two assigned to each apartment. The grounds also include a fenced backyard. The property is minutes from the beach, Gulfstream Park, shopping, dining, US-1, and I-95, and lies between Miami and Fort Lauderdale.
On-site parking totals 12 spaces, with two assigned to each apartment. The grounds also include a fenced backyard. The property is minutes from the beach, Gulfstream Park, shopping, dining, US-1, and I-95, and lies between Miami and Fort Lauderdale.
Key Highlights
- Six apartments across three single‑story duplex buildings
- Each unit has 2 bedrooms, 1 bathroom, a private entrance, and its own laundry
- 12 on‑site parking spaces, with 2 assigned to each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,128
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,422,560
$2.4M
Cap Rate 7%
$1,730,400
$1.7M
Cap Rate 9%
$1,345,867
$1.3M
Market Conditions
NOI Build-Up for 7,876 SF
Gross rent
$230.6K $29.28/SF
− Vacancy
−$10.4K −$1.32/SF
EGI
$220.2K $27.96/SF
− OpEx
−$99.1K −$12.58/SF
NOI
$121.1K $15.38/SF
Area
Broward County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,422,560
Cap Rate 7%
$1,730,400
Cap Rate 9%
$1,345,867
Alternative Uses
Best Use
Apartment 5plus
$1.73M
$1.51M – $2.02M
NOI $121,128 @ 7.0% cap · market cap 6.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.00M
$3.50M – $4.66M
NOI $279,708 @ 7.0% cap · market cap 15.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
6
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
$248,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Broward County, FL
Properties on Market for Apartment buildings in Broward County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Single-story duplexes feature private entrances and in-unit laundry, with two-bedroom, one-bath layouts throughout.
Where is this apartment building located?
The property is located at 618 SW 4th Avenue Hallandale Beach, FL.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Six apartments across three single‑story duplex buildings; Each unit has 2 bedrooms, 1 bathroom, a private entrance, and its own laundry; 12 on‑site parking spaces, with 2 assigned to each unit
