3-Unit Residential
For Sale
$769,900
1-3-353 Sw 19th Ave, Fort Lauderdale, FL 33312
All three residences have laundry rooms and separate water and electric meters.
Property Size2,450 SF
Price / SF$314.24
Days on Market21
Property Features for 1-3-353 Sw 19th Ave
General Information
Standard status
Active
Size
2,450 SF
Property subtype
Residential Income
Occupancy
100%
Site & Location
Neighborhood
Rpra
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/2BA, 1 x 2BR/1BA
Multifamily Units
3
Individually Metered Utilities
water, electricity
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$8,658
Listing Agency:
Charles Rutenberg Realty FTL
(954) 396-3001
Listed By:
Mary L Cardin · License #3216154
(954) 821-0009
Source:
Exprealty
Added: Oct 16
Changed: Nov 5
Last Checked: Nov 4 at 3:37PM
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 Charles Rutenberg Realty FTL
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 2,450-square-foot triplex contains three occupied residences. The two corner apartments each have two bedrooms and two bathrooms; the center apartment has two bedrooms and one bathroom. Every unit includes a laundry room and its own water and electric meters, with residents responsible for those utility services.
The property is in the Riverside Park neighborhood of Fort Lauderdale.
The property is in the Riverside Park neighborhood of Fort Lauderdale.
Key Highlights
- Three occupied apartments in a 2,450‑square‑foot building
- Two corner units each offer 2 bedrooms and 2 bathrooms
- Center unit has 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,841
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$816,820
$816.8K
Cap Rate 7%
$583,443
$583.4K
Cap Rate 9%
$453,789
$453.8K
Market Conditions
NOI Build-Up for 2,450 SF
Gross rent
$61.7K $25.20/SF
− Vacancy
−$3.4K −$1.39/SF
EGI
$58.3K $23.81/SF
− OpEx
−$17.5K −$7.14/SF
NOI
$40.8K $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%
$816,820
Cap Rate 7%
$583,443
Cap Rate 9%
$453,789
Alternative Uses
Best Use
Multifamily LT 5
$583.4K
$510.5K – $680.7K
NOI $40,841 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$525.6K
$459.9K – $613.2K
NOI $36,790 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,248 @ 7.0% cap · market cap 14.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,186
Businesses Nearby
Explore this area
Business Placement
Demographics for 33312, FL
51,570
Population
21,332
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
86%
High-School Grad
11.1 sq mi
ZIP Area
4,646
Density / Sq Mi
$77,644
Median Household Income
$39,333
Median Earnings
$1,566
Median Rent
$397,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - All three residences have laundry rooms and separate water and electric meters.
Where is this triplex located?
The property is located at 1-3-353 Sw 19th Ave Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $769,900.
What are key features of this property?
This property features: Three occupied apartments in a 2,450‑square‑foot building; Two corner units each offer 2 bedrooms and 2 bathrooms; Center unit has 2 bedrooms and 1 bathroom
