Updated Triplex With Three
For Sale
$769,000
1000 NE 17TH Court, Fort Lauderdale, FL 33305
Independent entrances serve the three-unit residential income property.
Property Size1,707 SF
Price / SF$450.50
Days on Market16
Property Features for 1000 NE 17TH Court
General Information
Standard status
Active
Size
1,707 SF
Property subtype
Triplex
Units
Unit Mix
2 x 1BR/1BA, 1 x efficiency
Multifamily Units
3
Additional Details
Furnished
Yes
Building Details
Year Built
1957
Listing Agency:
United Realty Group, Inc
(954) 257-0558
Listed By:
Gerardo R Ulled · License #R11165434
(954) 257-0558
Source:
Lehmannflorida
Added: Aug 9
Changed: Aug 24
Last Checked: Aug 24 at 5:26AM
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 United Realty Group, Inc
Investment Insights
Based on property information with market context.
This 1,707-square-foot triplex, built in 1957, offers three separate residential units with independent entrances. The property has received multiple updates, including laminate flooring, mini-split air-conditioning systems, newer wall units, toilets, and vanities. Furniture and quality towels and linens are also present within the property.
Exterior amenities include a large backyard and parking for all three units. The property is located at 1000 NE 17th Court in Fort Lauderdale, Florida, within the Middle River area. Its configuration supports use as a whole property or an owner-occupied arrangement with other units rented separately, as described in the property information.
Exterior amenities include a large backyard and parking for all three units. The property is located at 1000 NE 17th Court in Fort Lauderdale, Florida, within the Middle River area. Its configuration supports use as a whole property or an owner-occupied arrangement with other units rented separately, as described in the property information.
Key Highlights
- Three‑unit triplex with independent entrances
- 1,707 SF property built in 1957
- Large backyard with parking for three units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,455
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$569,100
$569.1K
Cap Rate 7%
$406,500
$406.5K
Cap Rate 9%
$316,167
$316.2K
Market Conditions
NOI Build-Up for 1,707 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$43.0K $25.20/SF
− Vacancy
−$2.4K −$1.39/SF
EGI
$40.7K $23.81/SF
− OpEx
−$12.2K −$7.14/SF
NOI
$28.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$569,100
Cap Rate 7%
$406,500
Cap Rate 9%
$316,167
Alternative Uses
Best Use
Multifamily LT 5
$406.5K
$355.7K – $474.3K
NOI $28,455 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$366.2K
$320.4K – $427.2K
NOI $25,633 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,297 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,636
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Independent entrances serve the three-unit residential income property.
Where is this triplex located?
The property is located at 1000 NE 17TH Court Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $769,000.
What are key features of this property?
This property features: Three‑unit triplex with independent entrances; 1,707 SF property built in 1957; Large backyard with parking for three units
