Fort Lauderdale Quadplex Investment
840 NW 3rd Street Fort Lauderdale, FL 33311
840 NW 3rd Street, Fort Lauderdale, FL, 33311
$699,000
For Sale
$699,000
MULTI_FAMILY - Fort Lauderdale, FL
Property Size2,090 SF
Lot Size0.17 Acres
Price / SF$334.45
Days on Market54
Property Features for 840 NW 3rd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- RMM-25
- Bedrooms
- 8
- Rooms
- Bathroom 1, Bathroom 4, Bedroom 8, Bedroom 7, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 6, Bedroom 3, Bedroom 1, Bedroom 5
- Pets allowed
- No, Yes
- Exterior features
- Lighting
- Standard status
- Active
- APN
- 504210120860
- Size
- 2,090 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- FT LAUDERDALE LAND & DEV CO SUB BLK 6 FT LAUD 1-57 D LOT 17,18 BLK C
- Tax Annual Amount
- 11748
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1958
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Brick
- Roof type
- Shingle
Listing Agency
RE/MAX Preferred
(954) 396-5900
2765 E Oakland Park Blvd, Fort Lauderdale, FL
Listed by
Rachael A Barach · License #3095523
(954) 815-1418
Added: May 28 Updated: Jul 20 at 9:59 pm Checked: Jul 20 at 11:06 pm
MLS# B26034061
Listing URL
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 multifamily quadraplex is located in the Progresso Village neighborhood of Fort Lauderdale. The property contains four units, each featuring two bedrooms and one bathroom. The building has a total area of 2090 square feet and is situated on a 0.17-acre lot. The property is zoned RMM-25. Its location provides convenient access to Downtown Fort Lauderdale, FAT Village, Holiday Park, Las Olas Boulevard, Brightline, and Fort Lauderdale Beach. This property is positioned to benefit from continued growth and redevelopment in the area.
Key Highlights
- Four‑unit quadraplex with four 2‑bedroom, 1‑bathroom units
- Brick construction, shingle roof, and exterior lighting
- Built in 1958
Local Financial Insights For Multifamily LT 5
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 | $52.7k | $25.20 |
| − Vacancy | −$2.9k | −$1.39 |
| EGI | $49.8k | $23.81 |
| − OpEx | −$14.9k | −$7.14 |
| NOI | $34.8k | $16.67 |
2,090 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$497.7K
$435.5K – $580.7K
NOI $34,840 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$448.3K
$392.3K – $523.1K
NOI $31,384 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,314 @ 7.0% cap · market cap 14.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Quadplex - Four-unit property near Downtown Fort Lauderdale and Las Olas Boulevard.
Where is this quadplex located?
The property is located at 840 NW 3rd Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Four‑unit quadraplex with four 2‑bedroom, 1‑bathroom units; Brick construction, shingle roof, and exterior lighting; Built in 1958
