Triplex with Private
For Sale
$615,000
685 SW 7th Terr, Dania Beach, FL 33004
Residential Income, Dania Beach, FL
Property Size1,722 SF
Price / SF$357.14
Days on Market91
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 1, Bathroom 3, Bedroom 2, Bathroom 4, Bedroom 5, Bedroom 4, Bedroom 3, Bathroom 2
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
mini-split HVAC systems
Building Details
Year built
1959
Floors in Building
1
Flooring type
Tile, Laminate
Building materials
CBS (Concrete Block Structure), Block
Roof type
Shingle
Listing Agency:
Green Lands Realty
(305) 503-4121
Listed By:
Laura Sanchez · License #3200886
(305) 450-5005
Added: Jul 18
Changed: Oct 14
Last Checked: Oct 16 at 10:06AM
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.
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Investment Insights
Based on property information with market context.
This 1,722-square-foot triplex contains three residences, each with a private entrance and an annual lease. The unit mix includes a 2-bedroom, 2-bathroom apartment, a 2-bedroom, 1-bathroom apartment, and a 1-bedroom, 1-bathroom apartment. Kitchens have been remodeled with newer appliances, bathrooms renovated, and laminate flooring installed throughout. Two units have mini-split HVAC systems. The property also features a new roof and an exterior laundry room with a newer full-size washer and dryer, plus a newer water heater.
The property is near the beach, with access to I-595 and I-95 and proximity to Fort Lauderdale Airport. Additional features include a patio, tile flooring, public water, and public sewer.
The property is near the beach, with access to I-595 and I-95 and proximity to Fort Lauderdale Airport. Additional features include a patio, tile flooring, public water, and public sewer.
Key Highlights
- Three units totaling 1,722 square feet
- Unit mix: 2BR/2BA, 2BR/1BA, and 1BR/1BA
- Private entrance for each residence; all units have annual leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,705
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
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
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 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 4.67%
Second Best
Apartment 5plus
$378.3K
$331.0K – $441.4K
NOI $26,483 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$873.6K
$764.4K – $1.02M
NOI $61,155 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,268
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three leased residences offer distinct floor plans, refreshed interiors, and shared exterior laundry facilities.
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 $615,000.
What are key features of this property?
This property features: Three units totaling 1,722 square feet; Unit mix: 2BR/2BA, 2BR/1BA, and 1BR/1BA; Private entrance for each residence; all units have annual leases
