Block Duplex with 2024
For Sale
$550,000
715 SW 6th St, Dania Beach, FL 33004
MULTI_FAMILY - Dania Beach, FL
Property Size1,541 SF
Price / SF$356.91
Days on Market29
Property Features for 715 SW 6th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
NBHD-RES
Bedrooms
4
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2
Parking
4
Subdivision
COLLEGE TRACT
Lot features
< 1/4 Acre
Standard status
Active
APN
514203340770
Size
1,541 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
COLLEGE TRACT 19-9 B LOT 9 BLK 6
Tax Annual Amount
8720
Legal Description
COLLEGE TRACT 19-9 B LOT 9 BLK 6
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Wall/Window Unit(s), Window Unit(s)
Building Details
Year built
1964
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Tile, Flat
Listing Agency:
Yaffe International Realty
(305) 741-0002
Listed By:
Federico Yaffe · License #3259017
(786) 267-1000
Added: Jul 18
Changed: Aug 3
Last Checked: Aug 15 at 4:06PM
MLS# A11996435
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 income-producing duplex offers two residential units with matching layouts, with each unit featuring two bedrooms and one bathroom. The building is constructed with block and has tile flooring throughout. Heating is provided by central systems, and cooling includes central air plus window and wall/window units. The property is served by public sewer.
Built in 1964, the duplex includes a flat tile roof. A new roof was installed in 2024, along with new electrical panels and electricity in 2024, completed with permits.
Located at 715 SW 6th St in Dania Beach, the property is set up for owner-occupants or investors looking for rental income from both units, with each side currently rented. This duplex is offered as a for-sale opportunity.
Built in 1964, the duplex includes a flat tile roof. A new roof was installed in 2024, along with new electrical panels and electricity in 2024, completed with permits.
Located at 715 SW 6th St in Dania Beach, the property is set up for owner-occupants or investors looking for rental income from both units, with each side currently rented. This duplex is offered as a for-sale opportunity.
Key Highlights
- Duplex with two residential units, each with 2 bedrooms and 1 bathroom
- New roof installed in 2024; new electrical panels and electricity added in 2024 (with permits)
- Block construction; flat tile roof
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
$25,688
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
4.67%
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%
$513,760
$513.8K
Cap Rate 7%
$366,971
$367.0K
Cap Rate 9%
$285,422
$285.4K
Market Conditions
NOI Build-Up for 1,541 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
$38.8K $25.20/SF
− Vacancy
−$2.1K −$1.39/SF
EGI
$36.7K $23.81/SF
− OpEx
−$11.0K −$7.14/SF
NOI
$25.7K $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%
$513,760
Cap Rate 7%
$366,971
Cap Rate 9%
$285,422
Alternative Uses
Best Use
Multifamily LT 5
$367.0K
$321.1K – $428.1K
NOI $25,688 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$338.6K
$296.3K – $395.0K
NOI $23,700 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$781.8K
$684.1K – $912.1K
NOI $54,727 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,375
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?
Duplex - Income-producing duplex with a roof replaced in 2024, block construction, and central HVAC.
Where is this duplex located?
The property is located at 715 SW 6th St Dania Beach, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Duplex with two residential units, each with 2 bedrooms and 1 bathroom; New roof installed in 2024; new electrical panels and electricity added in 2024 (with permits); Block construction; flat tile roof
