Independent Triplex With Pool
New
For Sale
Contact for pricing
123-125 SW 19th Ave 1-3, Fort Lauderdale, FL 33312
Freestanding multifamily property with shared pool and covered laundry amenities through an adjacent fractional lot interest.
Property Size1,767 SF
Lot Size0.19 Acres
Price / SF$435.20
Days on Market7
Property Features for 123-125 SW 19th Ave 1-3
General Information
Standard status
Active
Size
1,767 SF
Total Parking Spaces
1
Lot size
0.19 Acres
Property subtype
Multifamily
Zoning
RM-15
Additional Details
Multifamily Units
3
Amenities
pool
covered laundry area
Building Details
Year Built
1964
Buildings
1
Listing Agency:
Beycome of Florida LLC
(804) 656-5007
Listed By:
Steven Koleno · License #3469487
Source:
Crexi
Added: Aug 5
Changed: Aug 9
Last Checked: Aug 11 at 8:41AM
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 Beycome of Florida LLC
Investment Insights
Based on property information with market context.
This independently owned triplex includes 1,767sf of building area and was constructed in 1964. The property is zoned RM-15 and operates without HOA oversight of the primary building, giving ownership direct control over the triplex itself. The address is 123-125 SW 19th Ave 1-3 in Fort Lauderdale, Florida.
The deed also conveys a 1/10th fractional interest in an adjoining .29-acre amenity parcel. That shared lot includes a pool, garden areas, and a covered laundry facility. The property information identifies potential use for traditional multifamily ownership, owner occupancy, and Airbnb or Vrbo rental strategies. Its location is near Downtown Fort Lauderdale and Las Olas.
The deed also conveys a 1/10th fractional interest in an adjoining .29-acre amenity parcel. That shared lot includes a pool, garden areas, and a covered laundry facility. The property information identifies potential use for traditional multifamily ownership, owner occupancy, and Airbnb or Vrbo rental strategies. Its location is near Downtown Fort Lauderdale and Las Olas.
Key Highlights
- 1,767sf triplex building constructed in 1964
- RM‑15 zoning
- 1/10th fractional interest in an adjacent .29‑acre lot
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
$29,456
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
3.83%
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%
$589,120
$589.1K
Cap Rate 7%
$420,800
$420.8K
Cap Rate 9%
$327,289
$327.3K
Market Conditions
NOI Build-Up for 1,767 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
$44.5K $25.20/SF
− Vacancy
−$2.4K −$1.39/SF
EGI
$42.1K $23.81/SF
− OpEx
−$12.6K −$7.14/SF
NOI
$29.5K $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 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%
$589,120
Cap Rate 7%
$420,800
Cap Rate 9%
$327,289
Alternative Uses
Best Use
Multifamily LT 5
$420.8K
$368.2K – $490.9K
NOI $29,456 @ 7.0% cap · market cap 3.83%
Second Best
Apartment 5plus
$379.1K
$331.7K – $442.2K
NOI $26,534 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,120 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,088
Businesses Nearby
Explore this area
Business Placement
Demographics for 33312, FL
51,570
Population
21,332
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
86%
High-School Grad
11.1 sq mi
ZIP Area
4,646
Density / Sq Mi
$77,644
Median Household Income
$39,333
Median Earnings
$1,566
Median Rent
$397,800
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 - Freestanding multifamily property with shared pool and covered laundry amenities through an adjacent fractional lot interest.
Where is this triplex located?
The property is located at 123-125 SW 19th Ave 1-3 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $769,000.
What are key features of this property?
This property features: 1,767sf triplex building constructed in 1964; RM‑15 zoning; 1/10th fractional interest in an adjacent .29‑acre lot
