Triplex with Impact
For Sale
$685,000
1-3-304 Sw 16th Ct, Fort Lauderdale, FL 33305
Three tenant-occupied units share a laundry room and have separate electric meters.
Property Size1,584 SF
Price / SF$432.45
Days on Market9
Property Features for 1-3-304 Sw 16th Ct
General Information
Standard status
Active
Size
1,584 SF
Total Parking Spaces
6
Property subtype
Residential Income
Occupancy
100%
Site & Location
Neighborhood
Smlr
Utilities to Site
Yes
Units
Multifamily Units
3
Individually Metered Utilities
electricity
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$10,313
Amenities
central A/C
common laundry room
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Compass Florida, LLC
(954) 477-7332
Listed By:
Johnny Ramirez · License #3423639
(954) 830-5561
Source:
Exprealty
Added: Oct 16
Changed: Oct 23
Last Checked: Oct 23 at 4:51PM
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 Compass Florida, 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 Fort Lauderdale triplex contains 1,584 square feet across three units, all currently occupied. Each unit has central air conditioning and impact windows. A shared laundry room serves the building, and each unit has its own electric meter. The roof is described as newer, with 2026 indicated.
The property provides six parking spaces: four at the rear and two along the front swale. Two units are on month-to-month leases; the other lease terms are not specified. The address is 1-3-304 SW 16th Ct, with Downtown Fort Lauderdale, Las Olas Boulevard, shopping, dining, and major roadways described as minutes away.
The property provides six parking spaces: four at the rear and two along the front swale. Two units are on month-to-month leases; the other lease terms are not specified. The address is 1-3-304 SW 16th Ct, with Downtown Fort Lauderdale, Las Olas Boulevard, shopping, dining, and major roadways described as minutes away.
Key Highlights
- Three‑unit property with all units tenant‑occupied
- 1,584 square feet
- Impact windows throughout and central A/C in all three units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,405
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,100
$528.1K
Cap Rate 7%
$377,214
$377.2K
Cap Rate 9%
$293,389
$293.4K
Market Conditions
NOI Build-Up for 1,584 SF
Gross rent
$39.9K $25.20/SF
− Vacancy
−$2.2K −$1.39/SF
EGI
$37.7K $23.81/SF
− OpEx
−$11.3K −$7.14/SF
NOI
$26.4K $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%
$528,100
Cap Rate 7%
$377,214
Cap Rate 9%
$293,389
Alternative Uses
Best Use
Multifamily LT 5
$377.2K
$330.1K – $440.1K
NOI $26,405 @ 7.0% cap · market cap 3.85%
Second Best
Apartment 5plus
$339.8K
$297.3K – $396.4K
NOI $23,786 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$1.06M
$931.4K – $1.24M
NOI $74,511 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,539
Businesses Nearby
Explore this area
Business Placement
Demographics for 33305, FL
12,044
Population
8,285
Households
1.5
Avg Household Size
52
Median Age
54%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
5,475
Density / Sq Mi
$89,944
Median Household Income
$60,924
Median Earnings
$1,850
Median Rent
$558,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three tenant-occupied units share a laundry room and have separate electric meters.
Where is this triplex located?
The property is located at 1-3-304 Sw 16th Ct Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Three‑unit property with all units tenant‑occupied; 1,584 square feet; Impact windows throughout and central A/C in all three units
