Multi-Family Income
1026-1044 NW 7th Avenue Fort Lauderdale, FL 33311
For Sale
$2,050,000
MULTI_FAMILY - Fort Lauderdale, FL
Property Size6,024 SF
Lot Size0.93 Acres
Price / SF$340.31
Days on Market114
Property Features for 1026-1044 NW 7th Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- RD-15
- Bedrooms
- 15
- Rooms
- Bathroom 4, Bathroom 1, Bedroom 5, Bedroom 13, Bedroom 2, Bathroom 5, Bathroom 3, Bathroom 2, Bedroom 4, Bedroom 11, Bedroom 15, Bedroom 7, Bedroom 10, Bedroom 1, Bedroom 12, Bedroom 14, Bedroom 9, Bedroom 8, Bedroom 3, Bedroom 6
- Pets allowed
- Yes
- Standard status
- Active
- APN
- 494234050910
- Size
- 6,024 SF
- Lot size
- 0.93 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PROGRESSO 2-18 D LOT 37,38 BLK 193
- Tax Annual Amount
- 8097
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Window Unit(s), Electric, Ceiling Fan(s), Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1949
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- CBS
- Roof type
- Barrel
Listing Agency:
VantaSure Realty LLC
(954) 461-5734
Listed By:
Desare A Kohn-Laski PA · License #3187020
(954) 529-9203
Added: Apr 3
Changed: Jul 24
Last Checked: Jul 25 at 7:06PM
MLS# B26011035
Copyright © 2026 BeachesMLS. 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 multi-family income portfolio consists of five income-producing residential properties totaling approximately 0.93 acres at 1026–1044 NW 7th Avenue in Fort Lauderdale, FL 33311. All units are tenant-occupied with month-to-month leases, and each tenant has maintained occupancy for at least one year. The portfolio also includes an on-site management office.
The property is zoned RD-15. Public remarks also indicate future land use designated as CC-CMU, which would allow for higher-density development under the applicable future use designation.
Property information lists a combined property size of 6,024 square feet. The offering is presented as a versatile portfolio for investors, with renovation or redevelopment options noted in the remarks.
The property is zoned RD-15. Public remarks also indicate future land use designated as CC-CMU, which would allow for higher-density development under the applicable future use designation.
Property information lists a combined property size of 6,024 square feet. The offering is presented as a versatile portfolio for investors, with renovation or redevelopment options noted in the remarks.
Key Highlights
- Five income‑producing residential properties on approximately 0.93 acres in downtown Fort Lauderdale
- All units are tenant‑occupied with month‑to‑month leases; each tenant has maintained occupancy for at least one year
- On‑site management office on the property
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $151.8k | $25.20 |
| − Vacancy | −$8.3k | −$1.39 |
| EGI | $143.5k | $23.81 |
| − OpEx | −$43.0k | −$7.14 |
| NOI | $100.4k | $16.67 |
6,024 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.43M
$1.26M – $1.67M
NOI $100,419 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$1.29M
$1.13M – $1.51M
NOI $90,458 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$4.05M
$3.54M – $4.72M
NOI $283,369 @ 7.0% cap · market cap 13.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Five tenant-occupied residential properties offered with month-to-month leases and an on-site management office.
Where is this quadplex located?
The property is located at 1026-1044 NW 7th Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: Five income‑producing residential properties on approximately 0.93 acres in downtown Fort Lauderdale; All units are tenant‑occupied with month‑to‑month leases; each tenant has maintained occupancy for at least one year; On‑site management office on the property
