Renovated Four-Unit
For Sale
$1,050,000
1204 Northeast 5th Avenue, Fort Lauderdale, FL 33304
Fully rented residential asset with updated interiors in three units and access to downtown Fort Lauderdale amenities.
Property Size2,660 SF
Price / SF$394.74
Days on Market224
Property Features for 1204 Northeast 5th Avenue
General Information
Standard status
Active
Size
2,660 SF
Property subtype
Multi-Family Income / Fourplex
Taxes and HOA fees
Annual Taxes
$13,057
Amenities
Wall/Window Unit(s)
Separate Meters, None
1.0
Ceramic Tile
1
4
Block
Shingle
No
Multi Family
Building Details
Year Built
1965
Listing Agency:
Beachfront Realty Inc
Listed By:
Chaim Glik · License #3265723
(305) 405-0615
Source:
Compass
Added: Mar 13
Changed: Oct 19
Last Checked: Oct 20 at 11:54PM
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 Beachfront Realty Inc
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Investment Insights
Based on property information with market context.
This 2,660-square-foot quadplex, built in 1965, contains four residential units and is fully rented. Three units have been renovated with new kitchens, upgraded lighting, new cabinets, and ceramic tile flooring throughout, providing a mix of refreshed interior finishes within the property.
The building is located at 1204 Northeast 5th Avenue in Fort Lauderdale, near downtown, major plazas, and shopping centers. Its east Fort Lauderdale setting offers proximity to established commercial and urban amenities while retaining a residential income-property format.
The building is located at 1204 Northeast 5th Avenue in Fort Lauderdale, near downtown, major plazas, and shopping centers. Its east Fort Lauderdale setting offers proximity to established commercial and urban amenities while retaining a residential income-property format.
Key Highlights
- Four‑unit quadplex with 2,660 square feet
- Fully rented residential property
- Three renovated units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,342
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$886,840
$886.8K
Cap Rate 7%
$633,457
$633.5K
Cap Rate 9%
$492,689
$492.7K
Market Conditions
NOI Build-Up for 2,660 SF
Gross rent
$67.0K $25.20/SF
− Vacancy
−$3.7K −$1.39/SF
EGI
$63.3K $23.81/SF
− OpEx
−$19.0K −$7.14/SF
NOI
$44.3K $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%
$886,840
Cap Rate 7%
$633,457
Cap Rate 9%
$492,689
Alternative Uses
Best Use
Multifamily LT 5
$633.5K
$554.3K – $739.0K
NOI $44,342 @ 7.0% cap · market cap 4.22%
Second Best
Apartment 5plus
$570.6K
$499.3K – $665.7K
NOI $39,943 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$1.79M
$1.56M – $2.09M
NOI $125,126 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,904
Businesses Nearby
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Business Placement
Demographics for 33304, FL
19,978
Population
12,367
Households
1.6
Avg Household Size
46
Median Age
51%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
6,445
Density / Sq Mi
$84,951
Median Household Income
$55,527
Median Earnings
$1,727
Median Rent
$556,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully rented residential asset with updated interiors in three units and access to downtown Fort Lauderdale amenities.
Where is this quadplex located?
The property is located at 1204 Northeast 5th Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Four‑unit quadplex with 2,660 square feet; Fully rented residential property; Three renovated units
