Updated Quadplex with Impact
For Sale
$999,900
716 SE 14th Ct #1-4, Fort Lauderdale, FL 33316
MULTI_FAMILY - Other - Fort Lauderdale, FL
Property Size2,266 SF
Price / SF$441.26
Days on Market64
Property Features for 716 SE 14th Ct #1-4
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
RMM-25
Bedrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 4, Bedroom 2, Bathroom 1
Parking
5
Subdivision
EVERGLADE LAND SALES CO
Lot features
< 1/4 Acre
Standard status
Active
APN
504214031830
Size
2,266 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
EVERGLADE LAND SALES CO FIRST ADD LAUDERDALE CORR PL 2-15 D LOT 31 LESS W 2 BLK 10
Tax Annual Amount
12973
Legal Description
EVERGLADE LAND SALES CO FIRST ADD LAUDERDALE CORR PL 2-15 D LOT 31 LESS W 2 BLK 10
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Amenities
central A/C
tankless water heaters
permitted detached laundry room
bbq area
privacy fencing
Building Details
Year built
1956
Floors in Building
1
Flooring type
Laminate
Building materials
Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
Miles Goldstein Real Estate
(305) 336-6959
Listed By:
Branden Shaw · License #3355045
(954) 632-3324
Added: Jun 10
Changed: Aug 3
Last Checked: Aug 12 at 3:06AM
MLS# A11856841
Copyright © 2026 Miami REALTORS®. 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.
Updated quadplex in East Fort Lauderdale featuring four 1/1 units. The property includes impact windows and impact doors, central A/C, tankless water heaters, and updated electric, updated plumbing, and laminate flooring. Roof shingles were installed in 2014, and the building is block construction with public sewer service.
Additional on-site improvements include a permitted detached laundry room, a tenant BBQ area, and privacy fencing. The home was built in 1956, and it is presented as well maintained with no reported deferred maintenance.
With four residential units under one ownership structure, this quadplex provides an income-focused configuration with several capex items addressed, including the roof and key mechanical and utility systems.
Additional on-site improvements include a permitted detached laundry room, a tenant BBQ area, and privacy fencing. The home was built in 1956, and it is presented as well maintained with no reported deferred maintenance.
With four residential units under one ownership structure, this quadplex provides an income-focused configuration with several capex items addressed, including the roof and key mechanical and utility systems.
Key Highlights
- Four 1/1 units in a quadplex configuration
- Impact windows and impact doors throughout
- Central A/C plus tankless water heaters
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
$37,774
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
3.78%
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%
$755,480
$755.5K
Cap Rate 7%
$539,629
$539.6K
Cap Rate 9%
$419,711
$419.7K
Market Conditions
NOI Build-Up for 2,266 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
$57.1K $25.20/SF
− Vacancy
−$3.1K −$1.39/SF
EGI
$54.0K $23.81/SF
− OpEx
−$16.2K −$7.14/SF
NOI
$37.8K $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%
$755,480
Cap Rate 7%
$539,629
Cap Rate 9%
$419,711
Alternative Uses
Best Use
Multifamily LT 5
$539.6K
$472.2K – $629.6K
NOI $37,774 @ 7.0% cap · market cap 3.78%
Second Best
Apartment 5plus
$486.1K
$425.3K – $567.1K
NOI $34,027 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$1.52M
$1.33M – $1.78M
NOI $106,593 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,903
Businesses Nearby
Explore this area
Business Placement
Demographics for 33316, FL
12,669
Population
8,946
Households
1.4
Avg Household Size
50
Median Age
54%
College-Educated
95%
High-School Grad
4.1 sq mi
ZIP Area
3,090
Density / Sq Mi
$89,200
Median Household Income
$52,992
Median Earnings
$2,047
Median Rent
$793,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Updated quadplex with four 1/1 units, impact windows and doors, central A/C, and tankless water heaters.
Where is this quadplex located?
The property is located at 716 SE 14th Ct #1-4 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: Four 1/1 units in a quadplex configuration; Impact windows and impact doors throughout; Central A/C plus tankless water heaters
