4-Unit Multifamily
801 NE 7th Street #1-3, Hallandale Beach, FL 33009
For Sale
New
$775,000
The property occupies a corner lot and has long-term tenants in place.
Property Size1,870 SF
Price / SF$414.44
Days on Market7
Property Features for 801 NE 7th Street #1-3
General Information
Standard status
Size
Property subtype
Additional Details
Gross Income
Multifamily Units
Tenant in Place
Building Details
Year Built
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Yeniza Nunez · License FL #3448556
(954) 376-1679
Source:
Lehmannflorida
Added: Nov 8
Changed: Nov 12
Last Checked: Nov 12 at 8:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LoKation
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4-unit multifamily property contains 1,870 square feet and was built in 1952. It sits on a corner lot, with long-term tenants currently in place.
The property is in Hallandale Beach, minutes from the beach. Restaurants, a casino, and high-rise buildings are among the nearby area features.
The property is in Hallandale Beach, minutes from the beach. Restaurants, a casino, and high-rise buildings are among the nearby area features.
Key Highlights
- Four multifamily units
- 1,870 square feet
- Built in 1952
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,575
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$571,500
$571.5K
Cap Rate 7%
$408,214
$408.2K
Cap Rate 9%
$317,500
$317.5K
Market Conditions
NOI Build-Up for 1,870 SF
Gross rent
$55.0K $29.40/SF
− Vacancy
−$3.0K −$1.62/SF
EGI
$52.0K $27.78/SF
− OpEx
−$23.4K −$12.50/SF
NOI
$28.6K $15.28/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$571,500
Cap Rate 7%
$408,214
Cap Rate 9%
$317,500
Alternative Uses
Best Use
Apartment 5plus
$408.2K
$357.2K – $476.3K
NOI $28,575 @ 7.0% cap · market cap 3.69%
Second Best
Multifamily LT 5
$313.6K
$274.4K – $365.9K
NOI $21,955 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$948.7K
$830.1K – $1.11M
NOI $66,411 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,533
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
$248,300
Median Home Value
Market
Average Price Trend$/SF for Quadplexes in Broward County, FL
Properties on Market for Quadplexes in Broward County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - The property occupies a corner lot and has long-term tenants in place.
Where is this quadplex located?
The property is located at 801 NE 7th Street #1-3 Hallandale Beach, FL.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Four multifamily units; 1,870 square feet; Built in 1952
