Two-Unit Duplex With Fenced
For Sale
$575,000
Pending
625 SW 3rd St, Hallandale Beach, FL 33009
Residential Income, Hallandale Beach, FL
Property Size1,624 SF
Days on Market81
Property Features for 625 SW 3rd St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RS-6
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 1
Parking
4
Subdivision
HALLANDALE GARDEN PARK
Lot features
< 1/4 Acre
Standard status
Pending
APN
514228260010
Size
1,624 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
HALLANDALE GARDEN PARK 40-46 B LOT 1 BLK 1
Tax Annual Amount
10014
Legal Description
HALLANDALE GARDEN PARK 40-46 B LOT 1 BLK 1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Central Air
Amenities
central AC
fenced back yard
Building Details
Year built
1959
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Shingle
Listing Agency:
Beachfront Realty Inc
(305) 405-0615
Listed By:
Chaim Glik · License #3265723
(786) 344-3207
Added: Jul 18
Changed: Sep 12
Last Checked: Oct 6 at 3:06AM
MLS# A12031017
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.
This block-construction duplex contains two residences, each arranged with two bedrooms and one bathroom. The 1,624-square-foot property was built in 1959 and features central air conditioning in both units, tile flooring throughout, a shingle roof, and public sewer service. The rear residence includes a large fenced yard.
Located on SW 3rd St in Hallandale Beach, the property is near schools, shopping centers, Aventura Mall, and major highways. Cable service is available at the property.
Located on SW 3rd St in Hallandale Beach, the property is near schools, shopping centers, Aventura Mall, and major highways. Cable service is available at the property.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,624 square feet on a 1959‑built property
- Central air conditioning in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,072
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$541,440
$541.4K
Cap Rate 7%
$386,743
$386.7K
Cap Rate 9%
$300,800
$300.8K
Market Conditions
NOI Build-Up for 1,624 SF
Gross rent
$40.9K $25.20/SF
− Vacancy
−$2.3K −$1.39/SF
EGI
$38.7K $23.81/SF
− OpEx
−$11.6K −$7.14/SF
NOI
$27.1K $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 Rate 5%
$541,440
Cap Rate 7%
$386,743
Cap Rate 9%
$300,800
Alternative Uses
Best Use
Multifamily LT 5
$386.7K
$338.4K – $451.2K
NOI $27,072 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$356.8K
$312.2K – $416.3K
NOI $24,976 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$823.9K
$720.9K – $961.3K
NOI $57,675 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,322
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
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer central air conditioning and tile flooring throughout, with a fenced rear yard serving the back unit.
Where is this duplex located?
The property is located at 625 SW 3rd St Hallandale Beach, FL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,624 square feet on a 1959‑built property; Central air conditioning in both units
