Renovated Triplex with Private
For Sale
$630,000
685 SW 7th Terr, Dania Beach, FL 33004
Residential Income, Dania Beach, FL
Property Size1,722 SF
Price / SF$365.85
Days on Market44
Property Features for 685 SW 7th Terr
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
NBHD-MU
Bedrooms
5
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 4, Bathroom 3, Bedroom 5
Parking
3
Window features
Blinds
Patio and Porch features
Patio
Exterior features
Patio
Subdivision
COLLEGE TRACT FIRST ADD
Lot features
< 1/4 Acre
Standard status
Active
APN
514203350171
Size
1,722 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
COLLEGE TRACT FIRST ADD 22-10 B LOT 3 BLK 3
Tax Annual Amount
9316
Legal Description
COLLEGE TRACT FIRST ADD 22-10 B LOT 3 BLK 3
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric, Zoned
Water source
Public
Amenities
exterior laundry room
Building Details
Year built
1959
Floors in Building
1
Flooring type
Tile, Laminate
Building materials
Block
Roof type
Shingle
Listing Agency:
Green Lands Realty
(305) 503-4121
Listed By:
Laura Sanchez · License #3200886
(305) 503-4121
Added: Jul 18
Changed: Aug 26
Last Checked: Aug 30 at 2:06AM
MLS# A12027694
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 1,722-square-foot triplex contains three residences under annual leases: a 2BR/2BA unit, a 2BR/1BA unit, and a 1BR/1BA unit. Each has its own private entrance. Interior improvements include remodeled kitchens with newer appliances, renovated bathrooms, and laminate flooring in bright, neutral tones. Two units have mini-split HVAC systems. The property also includes an exterior laundry room with a newer full-size washer and dryer, a newer water heater, a patio, block construction, and a shingle roof. Built in 1959, the building has tile and laminate flooring, electric heating, zoned electric cooling, public water, public sewer, and cable availability.
Located in Dania Beach, the property offers access to the beach, I-595, I-95, and Fort Lauderdale Airport. Its address is 685 SW 7th Terr, Dania Beach, FL 33004.
Located in Dania Beach, the property offers access to the beach, I-595, I-95, and Fort Lauderdale Airport. Its address is 685 SW 7th Terr, Dania Beach, FL 33004.
Key Highlights
- Three‑unit property with 2BR/2BA, 2BR/1BA, and 1BR/1BA residences
- 1,722 square feet with private entrances for each unit
- Annual leases in place across all 3 units
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
$28,705
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
4.56%
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%
$574,100
$574.1K
Cap Rate 7%
$410,071
$410.1K
Cap Rate 9%
$318,944
$318.9K
Market Conditions
NOI Build-Up for 1,722 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
$43.4K $25.20/SF
− Vacancy
−$2.4K −$1.39/SF
EGI
$41.0K $23.81/SF
− OpEx
−$12.3K −$7.14/SF
NOI
$28.7K $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%
$574,100
Cap Rate 7%
$410,071
Cap Rate 9%
$318,944
Alternative Uses
Best Use
Multifamily LT 5
$410.1K
$358.8K – $478.4K
NOI $28,705 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$378.3K
$331.0K – $441.4K
NOI $26,483 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$873.6K
$764.4K – $1.02M
NOI $61,155 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,268
Businesses Nearby
Explore this area
Business Placement
Demographics for 33004, FL
16,162
Population
9,427
Households
1.7
Avg Household Size
45
Median Age
34%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
2,377
Density / Sq Mi
$50,783
Median Household Income
$41,540
Median Earnings
$1,616
Median Rent
$336,200
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?
Triplex - Three residences are leased annually and feature updated kitchens, renovated bathrooms, and durable laminate flooring.
Where is this triplex located?
The property is located at 685 SW 7th Terr Dania Beach, FL.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: Three‑unit property with 2BR/2BA, 2BR/1BA, and 1BR/1BA residences; 1,722 square feet with private entrances for each unit; Annual leases in place across all 3 units
