Duplex with New
For Sale
$625,000
752 NW 3rd Ct, Hallandale Beach, FL 33009
MULTI_FAMILY - Hallandale Beach, FL
Property Size1,342 SF
Price / SF$465.72
Days on Market29
Property Features for 752 NW 3rd Ct
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RS-7
Bedrooms
4
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 1
Parking
4
Subdivision
WEST HARLEM FIRST ADD
Standard status
Active
APN
514221200441
Size
1,342 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
WEST HARLEM FIRST ADD 21-25 B LOT 17 BLK 2
Tax Annual Amount
5997
Legal Description
WEST HARLEM FIRST ADD 21-25 B LOT 17 BLK 2
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Building Details
Year built
1966
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Shingle
Listing Agency:
Beachfront Realty Inc
(305) 405-0615
Listed By:
Victoria Nemchinova · License #3174498
(305) 450-0008
Added: Jul 18
Changed: Aug 13
Last Checked: Aug 15 at 11:06PM
MLS# A11980208
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 duplex features block construction with tile flooring and central air conditioning serving two tenant-occupied units. The property includes a shingle roof replacement in 2026, plus additional HVAC updates described as a new AC duck and a new AC unit 1 as of 2026. Plumbing was replaced “a few years ago,” and the home is connected to public sewer. The unit setup includes two fireplaces (noted as “2 Fpl”) and two water meters.
The property provides four parking spaces. Two in-place leases are described as continuing until the beginning of 2027.
Additional utilities and infrastructure are noted for the duplex, including separate water metering for the two units, supporting straightforward tenant billing and operations.
The property provides four parking spaces. Two in-place leases are described as continuing until the beginning of 2027.
Additional utilities and infrastructure are noted for the duplex, including separate water metering for the two units, supporting straightforward tenant billing and operations.
Key Highlights
- Shingle roof replacement in 2026
- Two tenant‑occupied units with leases until beginning of 2027
- Central air plus HVAC updates: new AC duck and new AC unit 1 in 2026
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
$22,371
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
3.58%
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%
$447,420
$447.4K
Cap Rate 7%
$319,586
$319.6K
Cap Rate 9%
$248,567
$248.6K
Market Conditions
NOI Build-Up for 1,342 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
$33.8K $25.20/SF
− Vacancy
−$1.9K −$1.39/SF
EGI
$32.0K $23.81/SF
− OpEx
−$9.6K −$7.14/SF
NOI
$22.4K $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%
$447,420
Cap Rate 7%
$319,586
Cap Rate 9%
$248,567
Alternative Uses
Best Use
Multifamily LT 5
$319.6K
$279.6K – $372.9K
NOI $22,371 @ 7.0% cap · market cap 3.58%
Second Best
Apartment 5plus
$294.8K
$258.0K – $344.0K
NOI $20,639 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$680.9K
$595.8K – $794.3K
NOI $47,660 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,515
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
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 - Tenant-occupied duplex with central air, 4 parking spaces, and a shingle roof replaced in 2026.
Where is this duplex located?
The property is located at 752 NW 3rd Ct Hallandale Beach, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Shingle roof replacement in 2026; Two tenant‑occupied units with leases until beginning of 2027; Central air plus HVAC updates: new AC duck and new AC unit 1 in 2026
