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Three-Unit Residential Income Property

685 SW 7th Terr Dania Beach, FL 33004

New
685 SW 7th Terr, Dania Beach, FL, 33004
$630,000
For Sale
Claim this Listing
$630,000

MULTI_FAMILY - Dania Beach, FL

Property Size1,722 SF
Price / SF$365.85
AddedJul 15
Days on Market1
Last RefreshJul 15 at 5:06 pm

Property Features for 685 SW 7th Terr

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 5, Bathroom 4, Bedroom 3, Bedroom 4, Bathroom 3, Bathroom 2
Parking
3
Window features
Blinds
Patio and Porch features
Patio
Exterior features
Patio
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

Utilities

Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Zoned, Electric
Water source
Public

Building Details

Year built
1959
Floors in Building
1
Flooring type
Tile, Laminate
Building materials
Block
Roof type
Shingle

Listing agent Laura Sanchez License #3200886

Listing office Green Lands Realty 6175 NW 153 ST Ste 201, Miami Lakes, FL

Listing date Jul 15, 2026

MLS# A12027694 Listing URL

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 three-unit residential income property features separate private entrances for each unit, providing a straightforward setup for day-to-day tenant access. The current unit mix includes one 2BR/2BA, one 2BR/1BA, and one 1BR/1BA, all maintained under annual leases. Interiors have been updated with remodeled kitchens (including newer appliances), renovated bathrooms, and laminate flooring throughout in bright, neutral tones. Two units include mini-split HVAC systems.

Additional improvements include an exterior laundry room with newer full-size washer/dryer and a newer water heater. The roof has been identified as brand new in the current offering.

Located in Dania Beach, the property is described as offering quick access to 595, I-95, and Fort Lauderdale Airport.

Key Highlights

  • 3‑unit income property with private entrances, including 2BR/2BA, 2BR/1BA, and 1BR/1BA units on annual leases
  • Remodeled interiors with remodeled kitchens with newer appliances, renovated bathrooms, and laminate flooring throughout
  • Two units feature mini‑split HVAC systems; cooling includes zoned electric

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $43.4k $25.20
− Vacancy −$2.4k −$1.39
EGI $41.0k $23.81
− OpEx −$12.3k −$7.14
NOI $28.7k $16.67
1,722 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$410.1K
$358.8K – $478.4K (±1% cap)
NOI $28,705 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$378.3K
$331.0K – $441.4K (±1% cap)
NOI $26,483 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$873.6K
$764.4K – $1.02M (±1% cap)
NOI $61,155 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Daycare Center Butcher Catering Service Tanning Salon Pet Grooming Service (Bike/Boat/Book/etc) Store Acupuncture Restaurant Accounting Firm Fish Market

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Three residential units with private entrances are set up on annual leases, with updated interiors and roof replacement.
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: 3‑unit income property with private entrances, including 2BR/2BA, 2BR/1BA, and 1BR/1BA units on annual leases; Remodeled interiors with remodeled kitchens with newer appliances, renovated bathrooms, and laminate flooring throughout; Two units feature mini‑split HVAC systems; cooling includes zoned electric
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