Triplex with Short-Term Rental
For Sale
$895,000
1-4-1028 Ne 10th Ave, Fort Lauderdale, FL 33301
Fort Lauderdale multifamily property with an existing short-term rental component and flexible occupancy options.
Property Size2,368 SF
Price / SF$377.96
Days on Market63
Property Features for 1-4-1028 Ne 10th Ave
General Information
Standard status
Active
Size
2,368 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$15,943
Building Details
Tenancy
Multi
Listing Agency:
Preferred Florida Realty
(954) 658-1114
Listed By:
Shir Levy · License #3435778
(954) 536-7964
Source:
Exprealty
Added: Aug 18
Changed: Oct 5
Last Checked: Oct 16 at 10:55AM
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 Preferred Florida Realty
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 2,368-square-foot triplex in Fort Lauderdale offers an income-oriented multifamily configuration with an existing short-term rental component. The property includes a three-bedroom, three-bathroom front unit and a two-bedroom, two-bathroom rear unit. Current use combines leased residential occupancy with short-term rental operations, providing flexibility for continued rental use or owner occupancy. The property is located at 1-4-1028 NE 10th Ave in Fort Lauderdale, Florida.
Key Highlights
- Configured as a triplex
- 2,368 SF property size
- Three‑bedroom, three‑bathroom front unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,474
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$789,480
$789.5K
Cap Rate 7%
$563,914
$563.9K
Cap Rate 9%
$438,600
$438.6K
Market Conditions
NOI Build-Up for 2,368 SF
Gross rent
$59.7K $25.20/SF
− Vacancy
−$3.3K −$1.39/SF
EGI
$56.4K $23.81/SF
− OpEx
−$16.9K −$7.14/SF
NOI
$39.5K $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%
$789,480
Cap Rate 7%
$563,914
Cap Rate 9%
$438,600
Alternative Uses
Best Use
Multifamily LT 5
$563.9K
$493.4K – $657.9K
NOI $39,474 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$508.0K
$444.5K – $592.7K
NOI $35,559 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,391 @ 7.0% cap · market cap 12.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
8,090
Businesses Nearby
Explore this area
Business Placement
Demographics for 33301, FL
19,109
Population
13,955
Households
1.4
Avg Household Size
42
Median Age
62%
College-Educated
96%
High-School Grad
2.5 sq mi
ZIP Area
7,644
Density / Sq Mi
$115,421
Median Household Income
$76,365
Median Earnings
$2,341
Median Rent
$751,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Fort Lauderdale multifamily property with an existing short-term rental component and flexible occupancy options.
Where is this triplex located?
The property is located at 1-4-1028 Ne 10th Ave Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Configured as a triplex; 2,368 SF property size; Three‑bedroom, three‑bathroom front unit
