6-Unit Apartment
For Sale
$750,000
Pending
1019 Northwest 5th Avenue Unit 16, Fort Lauderdale, FL 33311
Professionally managed multifamily property in Fort Lauderdale’s South Middle River neighborhood with convenient regional access.
Property Size3,625 SF
Days on Market2079
Property Features for 1019 Northwest 5th Avenue Unit 16
General Information
Standard status
Pending
Size
3,625 SF
Property subtype
Commercial/Industrial / Income/Multi Family
Occupancy
100%
Additional Details
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$11,670
Building Details
Year Built
1968
Listing Agency:
Native Realty Co.
Listed By:
Sara Dorfman · License #3339756
(954) 595-2999
Source:
Compass
Added: Feb 10, 2021
Changed: Oct 11
Last Checked: Oct 20 at 11:57PM
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 Native Realty Co.
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Investment Insights
Based on property information with market context.
This 6-unit apartment property contains 3,625 square feet and was built in 1968. The asset is professionally managed and reported at 100% occupancy, offering an established multifamily configuration in an urban Fort Lauderdale setting.
The property is in the South Middle River neighborhood, east of Powerline Road, north of Sunrise Boulevard, west of Andrews Avenue, and south of Wilton Manors. Residents have access to major roadways, downtown Fort Lauderdale, Wilton Manors, area beaches, Port Everglades, and Fort Lauderdale-Hollywood International Airport.
The property is in the South Middle River neighborhood, east of Powerline Road, north of Sunrise Boulevard, west of Andrews Avenue, and south of Wilton Manors. Residents have access to major roadways, downtown Fort Lauderdale, Wilton Manors, area beaches, Port Everglades, and Fort Lauderdale-Hollywood International Airport.
Key Highlights
- 6‑unit multifamily property
- 3,625 square feet of property size
- Built in 1968
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,434
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,088,680
$1.1M
Cap Rate 7%
$777,629
$777.6K
Cap Rate 9%
$604,822
$604.8K
Market Conditions
NOI Build-Up for 3,625 SF
Gross rent
$104.4K $28.80/SF
− Vacancy
−$5.4K −$1.50/SF
EGI
$99.0K $27.30/SF
− OpEx
−$44.5K −$12.29/SF
NOI
$54.4K $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%
$1,088,680
Cap Rate 7%
$777,629
Cap Rate 9%
$604,822
Alternative Uses
Best Use
Apartment 5plus
$777.6K
$680.4K – $907.2K
NOI $54,434 @ 7.0% cap · market cap 7.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.44M
$2.13M – $2.84M
NOI $170,520 @ 7.0% cap · market cap 22.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,600
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Professionally managed multifamily property in Fort Lauderdale’s South Middle River neighborhood with convenient regional access.
Where is this apartment building located?
The property is located at 1019 Northwest 5th Avenue Unit 16 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 6‑unit multifamily property; 3,625 square feet of property size; Built in 1968
