Six-Unit Apartment
923 SE 2nd Ave # 6 Unit 1-6, Hallandale Beach, FL 33009
For Sale
$1,497,000
Two buildings contain a mix of one-bedroom apartments and efficiency units on a corner lot.
Property Size3,157 SF
Lot Size0.23 Acres
Price / SF$474.18
Days on Market334
Property Features for 923 SE 2nd Ave # 6 Unit 1-6
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Road Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Keter Estates LLC
Listed By:
Erica Mizrahi · License FL #3239938
(305) 761-1612
Source:
Maggirealty
Added: Dec 11, 2025
Changed: Nov 7
Last Checked: Nov 8 at 7:39PM
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 Keter Estates LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,157-square-foot apartment property comprises two buildings with six units in total. The unit mix includes four one-bedroom, one-bath apartments and two efficiency units. Built in 1970, the property occupies a 9,906-square-foot corner lot in Hallandale Beach.
The address is 923 SE 2nd Ave, Hallandale Beach, Florida. The corner parcel provides frontage, and the property is minutes from Gulfstream Park, major roadways, shopping, beaches, and employment centers.
The address is 923 SE 2nd Ave, Hallandale Beach, Florida. The corner parcel provides frontage, and the property is minutes from Gulfstream Park, major roadways, shopping, beaches, and employment centers.
Key Highlights
- Six apartments across two buildings
- Four one‑bedroom, one‑bath units and two efficiency units
- 3,157 square feet of building area on a 9,906‑square‑foot corner lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,241
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$964,820
$964.8K
Cap Rate 7%
$689,157
$689.2K
Cap Rate 9%
$536,011
$536.0K
Market Conditions
NOI Build-Up for 3,157 SF
Gross rent
$92.8K $29.40/SF
− Vacancy
−$5.1K −$1.62/SF
EGI
$87.7K $27.78/SF
− OpEx
−$39.5K −$12.50/SF
NOI
$48.2K $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%
$964,820
Cap Rate 7%
$689,157
Cap Rate 9%
$536,011
Alternative Uses
Best Use
Apartment 5plus
$689.2K
$603.0K – $804.0K
NOI $48,241 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $112,118 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
6
Residential units
Yes
Paved road access
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 Apartment buildings in Broward County, FL
Properties on Market for Apartment buildings in Broward County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Two buildings contain a mix of one-bedroom apartments and efficiency units on a corner lot.
Where is this apartment building located?
The property is located at 923 SE 2nd Ave # 6 Unit 1-6 Hallandale Beach, FL.
What is the asking price?
The asking price for this property is $1,497,000.
What are key features of this property?
This property features: Six apartments across two buildings; Four one‑bedroom, one‑bath units and two efficiency units; 3,157 square feet of building area on a 9,906‑square‑foot corner lot
