Three-Unit Triplex on Corner
For Sale
$769,000
123-125 SW 19th Ave 1-3, Fort Lauderdale, FL 33312
Residential Income, Fort Lauderdale, FL
Property Size1,785 SF
Lot Size0.16 Acres
Price / SF$430.81
Days on Market25
Property Features for 123-125 SW 19th Ave 1-3
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
RM-15
Parking
1
Subdivision
CYPRESS GARDENS
Lot features
< 1/4 Acre
Directions
Drive west on Himmarshee St. Left to Ave of the Arts. Right to Davie Bld/SR 736. Left to SW 17th Ave. Right to SW 13th Court. Left to SW 19th Ave. You have arrived at your destination.
Standard status
Active
APN
504209190061
Size
1,785 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CYPRESS GARDENS 21-12 B LOT 7 S 10 OF E 70,8 E 70 BLK 1 AKA: E 70 OF S 100 OF BLK 1
Tax Annual Amount
7797
HOA Fee
$105 Monthly
Legal Description
CYPRESS GARDENS 21-12 B LOT 7 S 10 OF E 70,8 E 70 BLK 1 AKA: E 70 OF S 100 OF BLK 1
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Ceiling Fan(s), Central Air, Electric
Amenities
central ac
full lite hurricane doors
pool
covered laundry area
Building Details
Year built
1964
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Shingle
Listing Agency:
Beycome of Florida LLC
(804) 656-5007
Listed By:
Steven Koleno · License #3469487
(804) 656-5007
Added: Aug 4
Changed: Aug 26
Last Checked: Aug 28 at 5:06AM
MLS# A12065061
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 1,785-square-foot triplex contains three one-bedroom, one-bath units within a block-construction building completed in 1964. Interior features include tile flooring, central air conditioning, ceiling fans, electric cooling, and heat-pump heating. Full-lite hurricane doors and a shingle roof are also part of the improvements, with a new roof pending. Public sewer service supports the property, and on-site parking accommodates eight cars.
The property occupies a 7,000-square-foot corner lot at 123-125 SW 19th Ave in Fort Lauderdale’s 33312 postal area. The sale includes a 1/10 share of an adjacent 0.29-acre amenity parcel with a tropical pool and covered laundry area. The property is near Downtown and provides quick access to I-95.
The property occupies a 7,000-square-foot corner lot at 123-125 SW 19th Ave in Fort Lauderdale’s 33312 postal area. The sale includes a 1/10 share of an adjacent 0.29-acre amenity parcel with a tropical pool and covered laundry area. The property is near Downtown and provides quick access to I-95.
Key Highlights
- Three 1/1 units in a 1,785‑square‑foot triplex
- Set on a 7,000‑square‑foot corner lot
- Parking for 8 cars
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
$29,756
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
3.87%
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%
$595,120
$595.1K
Cap Rate 7%
$425,086
$425.1K
Cap Rate 9%
$330,622
$330.6K
Market Conditions
NOI Build-Up for 1,785 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
$45.0K $25.20/SF
− Vacancy
−$2.5K −$1.39/SF
EGI
$42.5K $23.81/SF
− OpEx
−$12.8K −$7.14/SF
NOI
$29.8K $16.67/SF
Area
Fort Lauderdale, 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%
$595,120
Cap Rate 7%
$425,086
Cap Rate 9%
$330,622
Alternative Uses
Best Use
Multifamily LT 5
$425.1K
$372.0K – $495.9K
NOI $29,756 @ 7.0% cap · market cap 3.87%
Second Best
Apartment 5plus
$382.9K
$335.1K – $446.7K
NOI $26,804 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,966 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,088
Businesses Nearby
Explore this area
Business Placement
Demographics for 33312, FL
51,570
Population
21,332
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
86%
High-School Grad
11.1 sq mi
ZIP Area
4,646
Density / Sq Mi
$77,644
Median Household Income
$39,333
Median Earnings
$1,566
Median Rent
$397,800
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?
Triplex - Well-maintained multifamily property with central air, hurricane-rated entry doors, and parking for eight vehicles.
Where is this triplex located?
The property is located at 123-125 SW 19th Ave 1-3 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $769,000.
What are key features of this property?
This property features: Three 1/1 units in a 1,785‑square‑foot triplex; Set on a 7,000‑square‑foot corner lot; Parking for 8 cars
