Four-Unit Multifamily
For Sale
$985,000
1225 NW 2nd St, Fort Lauderdale, FL 33311
MULTI_FAMILY - Other - Fort Lauderdale, FL
Property Size2,183 SF
Price / SF$451.21
Days on Market48
Property Features for 1225 NW 2nd St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
RMM-25
Parking
4
Subdivision
SEMINOLE FOREST
Lot features
< 1/4 Acre
Standard status
Active
APN
504204200360
Size
2,183 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
SEMINOLE FOREST 14-16 B LOT 6 BLK 3
Tax Annual Amount
11015
Legal Description
SEMINOLE FOREST 14-16 B LOT 6 BLK 3
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s)
Building Details
Year built
1960
Floors in Building
1
Building materials
Block
Architectural style
Other
Listing Agency:
Compass Florida, LLC
(305) 605-7465
Listed By:
Dan Avital · License #3601571
(786) 692-8144
Added: Jun 29
Changed: Aug 2
Last Checked: Aug 15 at 11:06PM
MLS# A11983486
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turnkey four-unit multifamily property features block construction and a total of 2,183 square feet. The unit mix includes two two-bedroom units and two one-bedroom units, with 3 of the 4 units fully renovated. Recent improvements include new stainless steel appliances, new water heaters, and a new flat roof completed in 2025. Each unit has assigned parking and separate water and electric meters, serviced by public sewer. Leases are in place, and the property is professionally managed.
The address is 1225 NW 2nd St in Fort Lauderdale, FL 33311. The location is minutes from I-95 and major retail including Walmart along W Broward Dr, supporting consistent tenant demand.
Current results are supported by a stabilized operations profile with a 6% cap rate. Water, sewer, and trash are $210/mo for all units. Showing arrangements are subject to an accepted offer, and tenants are not to be disturbed.
The address is 1225 NW 2nd St in Fort Lauderdale, FL 33311. The location is minutes from I-95 and major retail including Walmart along W Broward Dr, supporting consistent tenant demand.
Current results are supported by a stabilized operations profile with a 6% cap rate. Water, sewer, and trash are $210/mo for all units. Showing arrangements are subject to an accepted offer, and tenants are not to be disturbed.
Key Highlights
- Four‑unit layout with two two‑bedroom units and two one‑bedroom units
- 3 of 4 units fully renovated; includes new stainless steel appliances
- New flat roof (2025) plus new water heaters
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
$36,390
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
3.69%
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%
$727,800
$727.8K
Cap Rate 7%
$519,857
$519.9K
Cap Rate 9%
$404,333
$404.3K
Market Conditions
NOI Build-Up for 2,183 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
$55.0K $25.20/SF
− Vacancy
−$3.0K −$1.39/SF
EGI
$52.0K $23.81/SF
− OpEx
−$15.6K −$7.14/SF
NOI
$36.4K $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%
$727,800
Cap Rate 7%
$519,857
Cap Rate 9%
$404,333
Alternative Uses
Best Use
Multifamily LT 5
$519.9K
$454.9K – $606.5K
NOI $36,390 @ 7.0% cap · market cap 3.69%
Second Best
Apartment 5plus
$468.3K
$409.8K – $546.4K
NOI $32,781 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,688 @ 7.0% cap · market cap 10.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,181
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Block construction four-unit with separate utilities and assigned parking, with most units fully renovated.
Where is this quadplex located?
The property is located at 1225 NW 2nd St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: Four‑unit layout with two two‑bedroom units and two one‑bedroom units; 3 of 4 units fully renovated; includes new stainless steel appliances; New flat roof (2025) plus new water heaters
