6-Unit Multifamily
2633 Middle River Drive Fort Lauderdale, FL 33306
For Sale
$1,349,000
MULTI_FAMILY - Fort Lauderdale, FL
Property Size4,854 SF
Lot Size0.23 Acres
Price / SF$277.92
Days on Market113
Property Features for 2633 Middle River Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- RMM-25
- Bedrooms
- 1
- Rooms
- Bedroom 1, Bathroom 3, Bathroom 2, Bathroom 1
- Pets allowed
- Yes, Cats OK, Dogs OK
- Exterior features
- Barbecue, Private Rooftop Terrace
- Standard status
- Active
- APN
- 494225045280
- Size
- 4,854 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- CORAL RIDGE GALT ADD NO 1 31-37 B LOT 19 BLK 66
- Tax Annual Amount
- 23753
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Cooling system
- Wall/Window Unit(s), Central Air, Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1957
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile - Ceramic
- Building materials
- Cement Siding, Concrete
- Roof type
- Concrete
Listing Agency:
RE/MAX Select Group
(954) 368-8000
Listed By:
Hector Vidaurre · License #654358
(954) 253-1943
Added: Apr 2
Changed: Jul 21
Last Checked: Jul 23 at 7:06PM
MLS# B26010851
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 well-maintained 6-unit multifamily property includes four 1-bedroom/1-bath apartments and two studio units. The building has full impact glass, and the layout includes two exceptionally large 1-bedroom units. According to the current information provided, four units have been tastefully updated, while the remaining two are in very clean condition. The property is currently generating $128,542 in gross income, with rents described as below-market.
The property is located at 2633 Middle River Drive in Fort Lauderdale, east of Federal and about 2.5 miles from the beach, within zoning RMM-25.
The asset sits on 0.23 acres and contains 4,854 square feet of property size as provided. The current offering notes stable, long-term tenants.
The property is located at 2633 Middle River Drive in Fort Lauderdale, east of Federal and about 2.5 miles from the beach, within zoning RMM-25.
The asset sits on 0.23 acres and contains 4,854 square feet of property size as provided. The current offering notes stable, long-term tenants.
Key Highlights
- 6‑unit multifamily property with two studio units and four 1‑bedroom/1‑bath units (two are exceptionally large)
- Full impact glass, with updated interiors in four units and the remaining two described as in very clean condition
- Currently generating $128,542 in gross income (per seller remarks) with below‑market rents
Financial Insights For Apartment 5plus
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 | $139.8k | $28.80 |
| − Vacancy | −$7.3k | −$1.50 |
| EGI | $132.5k | $27.30 |
| − OpEx | −$59.6k | −$12.29 |
| NOI | $72.9k | $15.02 |
4,854 SF · lease $28.80/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.04M
$911.1K – $1.21M
NOI $72,889 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.26M
$2.85M – $3.81M
NOI $228,332 @ 7.0% cap · market cap 16.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Well-maintained six-unit building features four 1-bedroom apartments, two studio units, and full impact glass.
Where is this apartment building located?
The property is located at 2633 Middle River Drive Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,349,000.
What are key features of this property?
This property features: 6‑unit multifamily property with two studio units and four 1‑bedroom/1‑bath units (two are exceptionally large); Full impact glass, with updated interiors in four units and the remaining two described as in very clean condition; Currently generating $128,542 in gross income (per seller remarks) with below‑market rents
