Fort Lauderdale Triplex
For Sale
$895,000
1028 NE 10TH Avenue # 4 Unit 1-4, Fort Lauderdale, FL 33334
Income property with established long-term and short-term rental operations.
Property Size2,368 SF
Days on Market70
Property Features for 1028 NE 10TH Avenue # 4 Unit 1-4
General Information
Standard status
Active
Size
2,368 SF
Property subtype
Triplex
Site & Location
Neighborhood
Trca
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:
Relinkre
Added: Aug 16
Changed: Oct 18
Last Checked: Oct 23 at 3:50PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Fort Lauderdale triplex is configured for residential income use and was built in 1958. Current operations combine a conventional lease with a short-term rental arrangement, providing two established rental formats within the property.
The property also offers flexibility for continued rental operations or owner occupancy, subject to applicable requirements. Its existing mix of long-term and short-term use may suit buyers seeking a residential income asset with multiple operating approaches.
The property also offers flexibility for continued rental operations or owner occupancy, subject to applicable requirements. Its existing mix of long-term and short-term use may suit buyers seeking a residential income asset with multiple operating approaches.
Key Highlights
- Triplex configuration for residential income use
- Built in 1958
- Combines long‑term leasing with short‑term rental operations
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.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
2,945
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
Frequently Asked Questions
What type of property is this?
Triplex - Income property with established long-term and short-term rental operations.
Where is this triplex located?
The property is located at 1028 NE 10TH Avenue # 4 Unit 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: Triplex configuration for residential income use; Built in 1958; Combines long‑term leasing with short‑term rental operations
