Two-Building Triplex
For Sale
$692,890
1-3-1915 Sw 4th Ave, Fort Lauderdale, FL 33304
Two adjacent multifamily buildings combine six units with newer central air-conditioning systems and separately metered electric service.
Property Size2,082 SF
Price / SF$332.80
Days on Market75
Property Features for 1-3-1915 Sw 4th Ave
General Information
Standard status
Active
Size
2,082 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 2BR/1BA, 2 x studio
Multifamily Units
6
Additional Details
Gross Income
$115,200
Taxes and HOA fees
Annual Taxes
$10,616
Building Details
Buildings
2
Listing Agency:
Fidelity Real Estate Group LLC
(954) 345-9144
Listed By:
Carlos Montoya · License #0623048
(954) 326-4868
Source:
Exprealty
Added: Aug 6
Changed: Oct 13
Last Checked: Oct 16 at 9:14AM
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 Fidelity Real Estate Group LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering includes two adjoining triplex buildings that are being sold together. The combined configuration provides six residential units: four two-bedroom, one-bath apartments and two studio units. Each building is approximately 2,000+ square feet, with a reported property size of 2,082 square feet. Roofs are approximately 14+/- years old, while the central A/C systems are newer. Tenants are responsible for electric service.
The buildings are located on SW 4th Ave in Fort Lauderdale, near downtown, Las Olas, and Fort Lauderdale Beach. The six-unit layout provides a mix of larger apartments and studios within two neighboring structures. Current rents are identified as below market in the property information, with gross income estimates also provided there but excluded from this summary.
The buildings are located on SW 4th Ave in Fort Lauderdale, near downtown, Las Olas, and Fort Lauderdale Beach. The six-unit layout provides a mix of larger apartments and studios within two neighboring structures. Current rents are identified as below market in the property information, with gross income estimates also provided there but excluded from this summary.
Key Highlights
- Two adjacent triplex buildings offered together
- Six total units: four 2‑bedroom/1‑bath apartments and two studios
- Each building is approximately 2,000+ Sq. Ft.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,707
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,140
$694.1K
Cap Rate 7%
$495,814
$495.8K
Cap Rate 9%
$385,633
$385.6K
Market Conditions
NOI Build-Up for 2,082 SF
Gross rent
$52.5K $25.20/SF
− Vacancy
−$2.9K −$1.39/SF
EGI
$49.6K $23.81/SF
− OpEx
−$14.9K −$7.14/SF
NOI
$34.7K $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 Rate 5%
$694,140
Cap Rate 7%
$495,814
Cap Rate 9%
$385,633
Alternative Uses
Best Use
Multifamily LT 5
$495.8K
$433.8K – $578.5K
NOI $34,707 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$446.6K
$390.8K – $521.1K
NOI $31,264 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,937 @ 7.0% cap · market cap 14.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
7,743
Businesses Nearby
Explore this area
Business Placement
Demographics for 33304, FL
19,978
Population
12,367
Households
1.6
Avg Household Size
46
Median Age
51%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
6,445
Density / Sq Mi
$84,951
Median Household Income
$55,527
Median Earnings
$1,727
Median Rent
$556,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Two adjacent multifamily buildings combine six units with newer central air-conditioning systems and separately metered electric service.
Where is this triplex located?
The property is located at 1-3-1915 Sw 4th Ave Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $692,890.
What are key features of this property?
This property features: Two adjacent triplex buildings offered together; Six total units: four 2‑bedroom/1‑bath apartments and two studios; Each building is approximately 2,000+ Sq. Ft.
