9-Unit Multifamily Property with
New
For Sale
$2,250,000
1-9-4317 Ne 21st Ave, Fort Lauderdale, FL 33311
A varied apartment mix, impact-rated windows, and on-site parking serve the building’s residential layout.
Property Size6,057 SF
Lot Size0.30 Acres
Price / SF$371.47
Days on Market3
Property Features for 1-9-4317 Ne 21st Ave
General Information
Standard status
Active
Size
6,057 SF
Lot size
0.30 Acres
Site & Location
Neighborhood
Rlca
Highway Access
Yes
Units
Unit Mix
6 x 1BR/1BA, 2 x 2BR/2BA, 1 x studio
Multifamily Units
9
Additional Details
Gross Income
$194,100
Taxes and HOA fees
Annual Taxes
$30,955
Amenities
swimming pool
hurricane impact windows
tile flooring
kitchens with ample cabinet space
on-site parking
Listing Agency:
Fausto Commercial Realty Consultants Inc
(786) 748-7373
Listed By:
Elior Levi · License #3574869
(954) 743-7594
Source:
Exprealty
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 2:46PM
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 Fausto Commercial Realty Consultants Inc
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Investment Insights
Based on property information with market context.
This 9-unit apartment property contains six 1-bedroom/1-bath units, two 2-bedroom/2-bath units, and one studio. The building spans 6,057 SF on a 12,912 SF lot and includes a swimming pool, hurricane impact windows, tile flooring, and kitchens with ample cabinet space. On-site parking is also provided.
The property is located in Fort Lauderdale, near Downtown Fort Lauderdale, the beach, Fort Lauderdale-Hollywood International Airport, and I-95.
The property is located in Fort Lauderdale, near Downtown Fort Lauderdale, the beach, Fort Lauderdale-Hollywood International Airport, and I-95.
Key Highlights
- 9 units: six 1‑bedroom/1‑bath, two 2‑bedroom/2‑bath, and one studio
- 6,057 SF building on a 12,912 SF lot
- Swimming pool and on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,954
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,819,080
$1.8M
Cap Rate 7%
$1,299,343
$1.3M
Cap Rate 9%
$1,010,600
$1.0M
Market Conditions
NOI Build-Up for 6,057 SF
Gross rent
$174.4K $28.80/SF
− Vacancy
−$9.1K −$1.50/SF
EGI
$165.4K $27.30/SF
− OpEx
−$74.4K −$12.29/SF
NOI
$91.0K $15.02/SF
Area
Fort Lauderdale, FL
Vacancy
5.20%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,819,080
Cap Rate 7%
$1,299,343
Cap Rate 9%
$1,010,600
Alternative Uses
Best Use
Apartment 5plus
$1.30M
$1.14M – $1.52M
NOI $90,954 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.07M
$3.56M – $4.75M
NOI $284,921 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
9
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,099
Businesses Nearby
Explore this area
Business Placement
Demographics for 33311, FL
69,413
Population
27,330
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
10.4 sq mi
ZIP Area
6,674
Density / Sq Mi
$51,918
Median Household Income
$32,717
Median Earnings
$1,385
Median Rent
$276,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - A varied apartment mix, impact-rated windows, and on-site parking serve the building’s residential layout.
Where is this apartment building located?
The property is located at 1-9-4317 Ne 21st Ave Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 9 units: six 1‑bedroom/1‑bath, two 2‑bedroom/2‑bath, and one studio; 6,057 SF building on a 12,912 SF lot; Swimming pool and on‑site parking
