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    623 NW 11Th Ave Fort Lauderdale, FL 33311

    For Sale
    $830,000

    MultiFamily

    Property size:
    2,833 SF
    Days on Market:
    165
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 623 NW 11Th Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RMM-25
    APN
    494234079020
    Parking
    5
    Size
    2,833 SF

    Utilities

    Cooling system
    Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1951
    Floors in Building
    1
    Flooring type
    Tile
    Building materials
    Block, Concrete
    Roof type
    Barrel, Flat
    Architectural style
    Other

    EXP REALTY LLC (941) 315-8557 [email protected]

    Listing agent Miguel Navarro (888) 883-8509 License #3282725

    Listing date Jun 24, 2025

    MLS# F10511605 Listing URL

    Copyright © 2025 BeachesMLS / Matrix. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fort Lauderdale Triplex Investment Opportunity

    This income-producing triplex is located in a rental zone near downtown Fort Lauderdale. The property features a main unit with 2 bedrooms and 1 bathroom, including a carport. Additionally, there are two 1-bedroom units located in the back. Recent renovations have updated the kitchens and bathrooms. Each unit has separate water and electric meters. Newer roofs have been installed on both buildings, and a fenced backyard is included. The property is located near the Brightline station and provides access to shopping and dining on Las Olas Boulevard, Riverwalk’s galleries and riverside parks, and beaches. The property has a size of 2833 square feet. The current rents are under market, with a potential gross annual income of approximately $74,400. The property's zoning is RMM-25.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kay’s Beauty Bar Hair Salon

    Suggested Use

    Restaurant Dental Office Spa & Massage Hair Salon Realty agency Nail Salon Clothing Store Daycare Center Building Supply Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1324291
    Latitude
    26.1306541

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    FAQs

    What type of property is this?
    Triplex - Income-producing triplex near downtown Fort Lauderdale with renovation updates.
    Where is this triplex located?
    The property is located at 623 NW 11Th Ave Fort Lauderdale, FL.
    What is the asking price?
    The asking price for this property is $830,000.
    What are key features of this property?
    This property features: - Income-producing triplex in a high-demand rental location near downtown Fort Lauderdale.; - Potential gross annual income of approximately $74,400 with rents currently below market value.; - Recent renovations include **updated kitchens and bathrooms**.
    (888) 883-8509
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    623 NW 11Th Ave Fort Lauderdale, FL 33311
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