Triplex with Heated
For Sale
$1,250,000
1-3-1761 Ne 55th St, Fort Lauderdale, FL 33309
Active short-term rental with three residential units and a heated pool for guest use.
Property Size3,258 SF
Price / SF$383.67
Days on Market60
Property Features for 1-3-1761 Ne 55th St
General Information
Standard status
Active
Size
3,258 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$22,161
Amenities
heated pool
Listing Agency:
Keller Williams Realty Boca Raton
(917) 628-1252
Listed By:
Shlomo Dayan · License #3543407
(917) 628-1252
Source:
Exprealty
Added: Jun 9
Changed: Aug 2
Last Checked: Aug 2 at 4:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Boca Raton
Investment Insights
Based on property information with market context.
This 3,258-square-foot triplex is currently operated as an active short-term rental. The property includes three residential units and a heated pool, adding an outdoor amenity to the existing rental operation.
Located at 1-3-1761 NE 55th St in Fort Lauderdale, the property is minutes from the beach, airport, shopping, dining, and entertainment. Its current short-term rental use provides an established operating format for an owner seeking a multifamily property with an existing hospitality component.
Located at 1-3-1761 NE 55th St in Fort Lauderdale, the property is minutes from the beach, airport, shopping, dining, and entertainment. Its current short-term rental use provides an established operating format for an owner seeking a multifamily property with an existing hospitality component.
Key Highlights
- 3,258‑square‑foot triplex with three residential units
- Currently operating as an active short‑term rental
- Heated pool included on the property
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
$54,310
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
4.34%
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%
$1,086,200
$1.1M
Cap Rate 7%
$775,857
$775.9K
Cap Rate 9%
$603,444
$603.4K
Market Conditions
NOI Build-Up for 3,258 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
$82.1K $25.20/SF
− Vacancy
−$4.5K −$1.39/SF
EGI
$77.6K $23.81/SF
− OpEx
−$23.3K −$7.14/SF
NOI
$54.3K $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%
$1,086,200
Cap Rate 7%
$775,857
Cap Rate 9%
$603,444
Alternative Uses
Best Use
Multifamily LT 5
$775.9K
$678.9K – $905.2K
NOI $54,310 @ 7.0% cap · market cap 4.34%
Second Best
Apartment 5plus
$698.9K
$611.5K – $815.4K
NOI $48,923 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$2.19M
$1.92M – $2.55M
NOI $153,256 @ 7.0% cap · market cap 12.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,656
Businesses Nearby
Explore this area
Business Placement
Demographics for 33309, FL
37,642
Population
14,783
Households
2.5
Avg Household Size
39
Median Age
23%
College-Educated
85%
High-School Grad
9.7 sq mi
ZIP Area
3,881
Density / Sq Mi
$73,496
Median Household Income
$35,850
Median Earnings
$1,829
Median Rent
$309,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Active short-term rental with three residential units and a heated pool for guest use.
Where is this triplex located?
The property is located at 1-3-1761 Ne 55th St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 3,258‑square‑foot triplex with three residential units; Currently operating as an active short‑term rental; Heated pool included on the property
