Triplex with Separate
For Sale
$769,000
1000 NE 17TH Court, Fort Lauderdale, FL 33305
Residential Income, Fort Lauderdale, FL
Property Size1,707 SF
Lot Size0.16 Acres
Price / SF$450.50
Days on Market16
Property Features for 1000 NE 17TH Court
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RM-15
Bedrooms
2
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 3
Patio and Porch features
Patio
Pets allowed
No, Yes
Exterior features
Courtyard, Garden
Fencing
Fenced, Perimeter
Subdivision
LAUDERDALE PARK 6-33 1/2
Lot features
Room for Pool
Elementary school
Bennett
Middle school
Sunrise
High school
Fort Lauderdale
Standard status
Active
APN
494235040130
Size
1,707 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LAUDERDALE PARK 6-33 1/2 B LOT 26 E 12 1/2,27 BLK 1
Tax Annual Amount
9846
Legal Description
LAUDERDALE PARK 6-33 1/2 B LOT 26 E 12 1/2,27 BLK 1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Wall/Window Unit(s), Window Unit(s), Ceiling Fan(s)
Water source
Public
Amenities
large backyard
air conditioning
Building Details
Year built
1957
Floors in Building
1
Number of units
3
Flooring type
Laminate
Building materials
Block, CBS
Roof type
Shingle
Listing Agency:
United Realty Group, Inc
(561) 235-2127
Listed By:
Gerardo R Ulled · License #3039249
(954) 257-0558
Added: Aug 9
Changed: Aug 19
Last Checked: Aug 24 at 9:06PM
MLS# B26062098
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,707-square-foot triplex contains three units with independent entrances, laminate flooring, mini-split air-conditioning systems, wall units, updated toilets and vanities, and furnished interiors with linens and towels. A patio, courtyard, garden, and fenced perimeter provide defined outdoor areas, while block/CBS construction and a shingle roof complete the property’s physical profile.
Located at 1000 NE 17th Court in Fort Lauderdale’s Middle River area, the property occupies 0.16 acres. RM-15 zoning, public water and sewer, cable availability, and parking for three units are documented. The property was built in 1957.
Located at 1000 NE 17th Court in Fort Lauderdale’s Middle River area, the property occupies 0.16 acres. RM-15 zoning, public water and sewer, cable availability, and parking for three units are documented. The property was built in 1957.
Key Highlights
- 1,707 square feet on a 0.16‑acre parcel
- Three units with independent entrances
- RM‑15 zoning
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 - Three-unit property with independent access, outdoor space, parking, and documented interior upgrades.
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: 1,707 square feet on a 0.16‑acre parcel; Three units with independent entrances; RM‑15 zoning
