Quadplex with Private
For Sale
Under Contract
$1,200,000
2225 NE 14th Avenue, Fort Lauderdale, FL 33305
Residential Income, Fort Lauderdale, FL
Property Size2,775 SF
Price / SF$432.43
Days on Market244
Property Features for 2225 NE 14th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RM-16
Bedrooms
5
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 4
Window features
Storm Window(s)
Patio and Porch features
Patio
Pool private
1
Exterior features
Lighting
Subdivision
Edgewater Estates 1st Add
Lot features
Corner Lot
Directions
From Fed Hwy turn West on NE 26 Street. Turn South on NE 15 Ave, turn West on NE 23 Street, go to the end of the street..... 4plex is on the corner of NE 14 Ave and NE 23 St.
Standard status
Active Under Contract
APN
494226300260
Size
2,775 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
EDGEWATER ESTATES 1ST ADD 45-2 B LOT 24
Tax Annual Amount
25623
Legal Description
EDGEWATER ESTATES 1ST ADD 45-2 B LOT 24
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
community pool
private pool
screened front porch
Building Details
Year built
1964
Floors in Building
1
Number of units
4
Flooring type
Tile, Vinyl
Building materials
CBS
Roof type
Shingle, Composition
Listing Agency:
Balistreri Real Estate Inc
(954) 489-3100
Listed By:
Adrienne M Foland · License #3063306
(954) 205-6594
Added: Jan 19
Changed: Sep 13
Last Checked: Sep 20 at 12:06PM
MLS# F10545962
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 2,775-square-foot quadplex contains four furnished units, each with a screened front porch. Three units share a community pool, while the fourth has a private pool. The building uses CBS construction, includes vinyl and tile flooring, and is served by wall/window and window-unit cooling. A composition shingle roof was installed in 2020, followed by impact windows and doors in 2021. Unit 1 has new luxury vinyl flooring throughout, and Unit 4 has new luxury vinyl flooring in the bedroom.
The property includes seven parking spaces, individual electric meters for each unit, a separate meter for the heated pool, public water, and public sewer. Built in 1964, it is located in East Wilton Manors in Fort Lauderdale, near Colohatchee Dog Park and Stork's Cafe. RM-16 zoning and cable availability are also reported.
The property includes seven parking spaces, individual electric meters for each unit, a separate meter for the heated pool, public water, and public sewer. Built in 1964, it is located in East Wilton Manors in Fort Lauderdale, near Colohatchee Dog Park and Stork's Cafe. RM-16 zoning and cable availability are also reported.
Key Highlights
- Four furnished units with screened front porches
- Three units share a community pool; Unit 4 has a private pool
- 2,775 square feet on a 1964‑built CBS structure
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
$46,259
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
3.85%
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%
$925,180
$925.2K
Cap Rate 7%
$660,843
$660.8K
Cap Rate 9%
$513,989
$514.0K
Market Conditions
NOI Build-Up for 2,775 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
$69.9K $25.20/SF
− Vacancy
−$3.8K −$1.39/SF
EGI
$66.1K $23.81/SF
− OpEx
−$19.8K −$7.14/SF
NOI
$46.3K $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%
$925,180
Cap Rate 7%
$660,843
Cap Rate 9%
$513,989
Alternative Uses
Best Use
Multifamily LT 5
$660.8K
$578.2K – $771.0K
NOI $46,259 @ 7.0% cap · market cap 3.85%
Second Best
Apartment 5plus
$595.3K
$520.9K – $694.5K
NOI $41,670 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$1.86M
$1.63M – $2.18M
NOI $130,536 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,988
Businesses Nearby
Explore this area
Business Placement
Demographics for 33305, FL
12,044
Population
8,285
Households
1.5
Avg Household Size
52
Median Age
54%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
5,475
Density / Sq Mi
$89,944
Median Household Income
$60,924
Median Earnings
$1,850
Median Rent
$558,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Furnished four-unit property with screened porches, separate electric metering, and RM-16 zoning in Fort Lauderdale.
Where is this quadplex located?
The property is located at 2225 NE 14th Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Four furnished units with screened front porches; Three units share a community pool; Unit 4 has a private pool; 2,775 square feet on a 1964‑built CBS structure
