Three-Unit Triplex with Updated
For Sale
Under Contract
$669,000
7870 SW 10th Ct, North Lauderdale, FL 33068
Residential Income, North Lauderdale, FL
Property Size2,880 SF
Price / SF$232.29
Days on Market48
Property Features for 7870 SW 10th Ct
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
RM-10
Bedrooms
6
Full bathrooms
6
Rooms
Bathroom 3, Bedroom 4, Bathroom 4, Bathroom 5, Bedroom 6, Bedroom 1, Bathroom 2, Bathroom 6, Bedroom 5, Bedroom 3, Bathroom 1, Bedroom 2
Parking
6
Subdivision
LAUDERDALE NORTH PARK SEC
Lot features
< 1/4 Acre
Standard status
Active Under Contract
APN
494102050500
Size
2,880 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
LAUDERDALE NORTH PARK SEC 3 A 73-18 B LOT 6 E 35,7 W 35 BLK 16
Tax Annual Amount
12862
Legal Description
LAUDERDALE NORTH PARK SEC 3 A 73-18 B LOT 6 E 35,7 W 35 BLK 16
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Ceiling Fan(s), Central Air
Water source
Public
Amenities
washer/dryer
Building Details
Year built
1973
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Flat
Listing Agency:
United Realty Group, Inc
(954) 450-2000
Listed By:
Raquel Medina · License #0536462
(954) 629-6149
Added: Jul 30
Changed: Sep 13
Last Checked: Sep 15 at 7:06AM
MLS# A12034248
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.
This 2,880-square-foot triplex contains three residential units, each configured with two bedrooms and two bathrooms. Every unit includes appliances and its own washer and dryer. The building was constructed in 1973 with block construction, tile flooring, central air, electric heating, and a flat roof. Air-conditioning units have been replaced within the last 6 years, and the flat roof was replaced in 2023.
All three units are occupied by long-term tenants, with each tenant responsible for their own electric service. The property is located at 7870 SW 10th Ct in North Lauderdale, Florida, and is designated as a Qualified Opportunity Zone. Public water and public sewer serve the property, with cable availability also noted.
All three units are occupied by long-term tenants, with each tenant responsible for their own electric service. The property is located at 7870 SW 10th Ct in North Lauderdale, Florida, and is designated as a Qualified Opportunity Zone. Public water and public sewer serve the property, with cable availability also noted.
Key Highlights
- Three units, each with 2 bedrooms and 2 bathrooms
- 2,880 square feet on a 0.066‑acre lot
- All units occupied by long‑term tenants
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
$48,009
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
7.18%
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%
$960,180
$960.2K
Cap Rate 7%
$685,843
$685.8K
Cap Rate 9%
$533,433
$533.4K
Market Conditions
NOI Build-Up for 2,880 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
$72.6K $25.20/SF
− Vacancy
−$4.0K −$1.39/SF
EGI
$68.6K $23.81/SF
− OpEx
−$20.6K −$7.14/SF
NOI
$48.0K $16.67/SF
Area
Broward County, 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%
$960,180
Cap Rate 7%
$685,843
Cap Rate 9%
$533,433
Alternative Uses
Best Use
Multifamily LT 5
$685.8K
$600.1K – $800.2K
NOI $48,009 @ 7.0% cap · market cap 7.18%
Second Best
Apartment 5plus
$632.7K
$553.7K – $738.2K
NOI $44,292 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,280 @ 7.0% cap · market cap 15.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
597
Businesses Nearby
Explore this area
Business Placement
Demographics for 33068, FL
53,137
Population
19,760
Households
2.7
Avg Household Size
35
Median Age
21%
College-Educated
83%
High-School Grad
6.4 sq mi
ZIP Area
8,303
Density / Sq Mi
$63,688
Median Household Income
$33,524
Median Earnings
$1,893
Median Rent
$288,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Occupied multifamily property with individually metered electric, in-unit laundry, and two-bedroom, two-bath layouts.
Where is this triplex located?
The property is located at 7870 SW 10th Ct North Lauderdale, FL.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: Three units, each with 2 bedrooms and 2 bathrooms; 2,880 square feet on a 0.066‑acre lot; All units occupied by long‑term tenants
