Fourplex with Private and Community
For Sale
$1,200,000
2225 NE 14th Avenue, Fort Lauderdale, FL 33305
MULTI_FAMILY - Fort Lauderdale, FL
Property Size2,775 SF
Price / SF$432.43
Days on Market196
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
Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 5, Bathroom 4, Bathroom 3
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
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
Window Unit(s), Wall/Window Unit(s)
Water source
Public
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: Jul 24
Last Checked: Aug 3 at 11:06AM
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 fourplex is configured with three units sharing a community pool, while unit #4 includes its own private pool. Each unit has a screened front porch, and the building has been updated with a new roof in 2020 and impact windows and doors added in 2021. The pool improvements include a double pool system added in 2014. Parking is available with seven spots, and the electric setup is individual per unit with each unit having its own electric meter. The building also has one water meter and a fifth electric meter dedicated to the heated pool.
The property is zoned RM-16 and located in East Wilton Manors. Public remarks note proximity to Colohatchee dog park and Stork’s cafe.
Units are currently furnished, making the property potentially workable for annual renters or vacation guests. Recent interior updates include new luxury vinyl flooring in unit #4 (Bedroom) and all-new luxury vinyl flooring in unit #1. Operationally, public remarks estimate water/trash/sewer at approximately $780 per month, and note the owner provides pool servicing. The heated pool’s FP&L cost associated with the fifth meter is approximately $170 per month.
The property is zoned RM-16 and located in East Wilton Manors. Public remarks note proximity to Colohatchee dog park and Stork’s cafe.
Units are currently furnished, making the property potentially workable for annual renters or vacation guests. Recent interior updates include new luxury vinyl flooring in unit #4 (Bedroom) and all-new luxury vinyl flooring in unit #1. Operationally, public remarks estimate water/trash/sewer at approximately $780 per month, and note the owner provides pool servicing. The heated pool’s FP&L cost associated with the fifth meter is approximately $170 per month.
Key Highlights
- Unique 4‑plex with community pool for 3 units and a private pool for unit #4
- Screened front porches for each unit plus 7 parking spots
- Roof replaced in 2020; impact windows and doors installed in 2021
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 | $69.9k | $25.20 |
| − Vacancy | −$3.8k | −$1.39 |
| EGI | $66.1k | $23.81 |
| − OpEx | −$19.8k | −$7.14 |
| NOI | $46.3k | $16.67 |
2,775 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
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
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,471
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
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 - Four-unit income property featuring screened porches, updated roof and impact windows, plus shared and private pool options.
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: Unique 4‑plex with community pool for 3 units and a private pool for unit #4; Screened front porches for each unit plus 7 parking spots; Roof replaced in 2020; impact windows and doors installed in 2021
