Multifamily Triplex
For Sale
$895,000
1028 NE 10TH Avenue 1-4, Fort Lauderdale, FL 33334
Multifamily property configured as a triplex with documented long-term and short-term rental activity.
Property Size2,368 SF
Days on Market51
Property Features for 1028 NE 10TH Avenue 1-4
General Information
Standard status
Active
Size
2,368 SF
Property subtype
Triplex
Additional Details
Unit Mix
1 x 3BR/3BA, 1 x 2BR/2BA
Taxes and HOA fees
Annual Taxes
$15,943
Building Details
Building Size
2,368 SF
Year Built
1958
Listing Agency:
Preferred Florida Realty
Listed By:
Shir Levy · License #3435778
(954) 536-7964
Source:
Tylertuchow
Added: Aug 19
Changed: Oct 3
Last Checked: Oct 7 at 3:30PM
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
Investment Insights
Based on property information with market context.
This Fort Lauderdale multifamily property is configured as a triplex and was built in 1958. The available information describes a combination of long-term leasing and short-term rental activity, supporting multiple residential income approaches without relying on a single occupancy model.
Located at 1028 NE 10TH Ave 1-4, the property records a Walk Score of 73, a Bike Score of 69, and a Transit Score of 38. The address is in Fort Lauderdale, Florida 33334.
Located at 1028 NE 10TH Ave 1-4, the property records a Walk Score of 73, a Bike Score of 69, and a Transit Score of 38. The address is in Fort Lauderdale, Florida 33334.
Key Highlights
- Configured as a triplex
- Built in 1958
- Long‑term leasing and short‑term rental activity described
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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,331
Businesses Nearby
Explore this area
Business Placement
Demographics for 33334, FL
30,138
Population
14,314
Households
2.1
Avg Household Size
44
Median Age
33%
College-Educated
88%
High-School Grad
4.8 sq mi
ZIP Area
6,279
Density / Sq Mi
$69,512
Median Household Income
$36,895
Median Earnings
$1,615
Median Rent
$430,500
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 - Multifamily property configured as a triplex with documented long-term and short-term rental activity.
Where is this triplex located?
The property is located at 1028 NE 10TH Avenue 1-4 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; Built in 1958; Long‑term leasing and short‑term rental activity described
