Furnished Triplex with Private
For Sale
Contact for pricing
1207 NE 12th Avenue, Fort Lauderdale, FL 33304
Triplex with separate entrances, off-street parking, and multiple private yards, offered fully furnished and equipped in Fort Lauderdale.
Property Size3,044 SF
Price / SF$328.19
Days on Market86
Property Features for 1207 NE 12th Avenue
General Information
Standard status
Active
Size
3,044 SF
Property subtype
Multifamily
Zoning
RM-15
Additional Details
Fenced Yard
Yes
Multifamily Units
3
Building Details
Year Built
1950
Tenancy
Multi
Listing Agency:
LoKation
(214) 529-7610
Listed By:
Kirsten Schneider · License #3197221
Source:
Crexi
Added: May 14
Changed: Jul 10
Last Checked: Aug 6 at 6:43AM
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 LoKation
Investment Insights
Based on property information with market context.
This furnished, equipped triplex is configured as three separate units: two 2-bedroom/2-bath units (2/2, 2/2) and two 1-bedroom/1-bath units (1/1, 1/1), creating a total of four bedrooms and four bathrooms. The property includes separate front and rear entrances for each unit, dedicated off-street parking for each unit, and three electric meters. Outdoor space is provided through three landscaped private yards (some fully fenced, some partially fenced). Unit #3 also features an additional flex-space large storage room, with the potential to be converted into additional living amenities as described in the offering materials.
Located at 1207 NE 12th Avenue in East Fort Lauderdale, the property is presented as being about 2 miles from Fort Lauderdale Beach. The triplex is zoned multi-family, with RM-15 referenced for future development options.
Offered AS-IS, this setup is designed for multiple occupancy strategies, including owner-use with rental income, renting all units, or operating it as short-term rentals as described. For buyers seeking a turn-key arrangement, the offering includes furnishings and household items such as appliances, linens, cookware/dinnerware, and BBQ grills. Updates and improvements noted include fresh exterior paint, landscaping, brand-new attic insulation, and outdoor storage.
Located at 1207 NE 12th Avenue in East Fort Lauderdale, the property is presented as being about 2 miles from Fort Lauderdale Beach. The triplex is zoned multi-family, with RM-15 referenced for future development options.
Offered AS-IS, this setup is designed for multiple occupancy strategies, including owner-use with rental income, renting all units, or operating it as short-term rentals as described. For buyers seeking a turn-key arrangement, the offering includes furnishings and household items such as appliances, linens, cookware/dinnerware, and BBQ grills. Updates and improvements noted include fresh exterior paint, landscaping, brand-new attic insulation, and outdoor storage.
Key Highlights
- Triplex built in 1950 with 3,044 SF under RM‑15 multi‑family zoning
- Unit mix: 2/2, 1/1, and 1/1, for a total of 4 bedrooms and 4 bathrooms
- Separate front and rear entrances for each unit plus dedicated off‑street parking for each unit
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
$50,743
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
5.08%
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%
$1,014,860
$1.0M
Cap Rate 7%
$724,900
$724.9K
Cap Rate 9%
$563,811
$563.8K
Market Conditions
NOI Build-Up for 3,044 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
$76.7K $25.20/SF
− Vacancy
−$4.2K −$1.39/SF
EGI
$72.5K $23.81/SF
− OpEx
−$21.7K −$7.14/SF
NOI
$50.7K $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%
$1,014,860
Cap Rate 7%
$724,900
Cap Rate 9%
$563,811
Alternative Uses
Best Use
Multifamily LT 5
$724.9K
$634.3K – $845.7K
NOI $50,743 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$653.0K
$571.4K – $761.8K
NOI $45,710 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$2.05M
$1.79M – $2.39M
NOI $143,190 @ 7.0% cap · market cap 14.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
4,856
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Triplex with separate entrances, off-street parking, and multiple private yards, offered fully furnished and equipped in Fort Lauderdale.
Where is this triplex located?
The property is located at 1207 NE 12th Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Triplex built in 1950 with 3,044 SF under RM‑15 multi‑family zoning; Unit mix: 2/2, 1/1, and 1/1, for a total of 4 bedrooms and 4 bathrooms; Separate front and rear entrances for each unit plus dedicated off‑street parking for each unit
