Six-Unit Multifamily with Impact
2633 Middle River Drive Fort Lauderdale, FL
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
- Other
- Zoning
- RMM-25
- Parking
- 10
- Parking features
- Assigned
- Fencing
- Fenced
- 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
- 6
- Flooring type
- Tile
- Building materials
- CBS
- 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 10:06PM
MLS# B26010834
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 six-unit multifamily property features full impact glass and a unit mix of four 1-bedroom/1-bath apartments and two studio units. Two of the 1-bedroom units are exceptionally large. 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 in the Fort Lauderdale area, approximately 2.5 miles from the beach and east of Federal in the Coral Ridge area. It is zoned RMM-25.
For buyers evaluating an income-producing residential property, this asset combines an impact-glass exterior with a balanced mix of larger 1-bedroom layouts and studio units, supported by stable, long-term tenants as described in the listing remarks.
The property is located in the Fort Lauderdale area, approximately 2.5 miles from the beach and east of Federal in the Coral Ridge area. It is zoned RMM-25.
For buyers evaluating an income-producing residential property, this asset combines an impact-glass exterior with a balanced mix of larger 1-bedroom layouts and studio units, supported by stable, long-term tenants as described in the listing remarks.
Key Highlights
- 6‑unit multifamily property with four 1‑bedroom/1‑bath units and two studio units
- Currently generating $128,542 in gross income (below‑market rents per remarks)
- Concrete roof; CBS construction; tile flooring
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 multifamily with impact glass, offering four 1-bedroom units and two studio units.
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 four 1‑bedroom/1‑bath units and two studio units; Currently generating $128,542 in gross income (below‑market rents per remarks); Concrete roof; CBS construction; tile flooring
