Independent Triplex with Shared
New
For Sale
$769,000
123-125 SW 19th Ave 1-3, Fort Lauderdale, FL 33312
MULTI_FAMILY - Fort Lauderdale, FL
Property Size1,767 SF
Price / SF$430.81
Days on Market3
Property Features for 123-125 SW 19th Ave 1-3
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
RM-15
Parking
1
Subdivision
CYPRESS GARDENS
Lot features
< 1/4 Acre
Directions
Drive west on Himmarshee St. Left to Ave of the Arts. Right to Davie Bld/SR 736. Left to SW 17th Ave. Right to SW 13th Court. Left to SW 19th Ave. You have arrived at your destination.
Standard status
Active
APN
504209190061
Size
1,785 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
CYPRESS GARDENS 21-12 B LOT 7 S 10 OF E 70,8 E 70 BLK 1 AKA: E 70 OF S 100 OF BLK 1
Tax Annual Amount
7797
HOA Fee
$105 Monthly
Legal Description
CYPRESS GARDENS 21-12 B LOT 7 S 10 OF E 70,8 E 70 BLK 1 AKA: E 70 OF S 100 OF BLK 1
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Electric, Ceiling Fan(s), Central Air
Amenities
tropical pool
covered laundry area
Building Details
Year built
1964
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Shingle
Listing Agency:
Beycome of Florida LLC
(804) 656-5007
Listed By:
Steven Koleno · License #3469487
(804) 656-5007
Added: Aug 4
Last Checked: Aug 6 at 9:06AM
MLS# A12065061
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 independently owned triplex is designed as a three-unit multifamily asset, with the primary structure under direct ownership and control. The building was constructed in 1964 with block construction, tile flooring, central air, electric cooling, ceiling fans, and heat-pump heating. Public sewer service and a shingle roof are also in place.
The deed includes a 1/10th fractional interest in an adjacent .29-acre amenity parcel featuring a tropical pool and covered laundry area. The shared lot is maintained through a nominal HOA arrangement, while the triplex itself has no structural buildings subject to that shared parcel's oversight. The property is located near Downtown Fort Lauderdale and Las Olas, and the source information identifies it as suitable for investors, owner-occupants, and Airbnb or Vrbo rental strategies.
The deed includes a 1/10th fractional interest in an adjacent .29-acre amenity parcel featuring a tropical pool and covered laundry area. The shared lot is maintained through a nominal HOA arrangement, while the triplex itself has no structural buildings subject to that shared parcel's oversight. The property is located near Downtown Fort Lauderdale and Las Olas, and the source information identifies it as suitable for investors, owner-occupants, and Airbnb or Vrbo rental strategies.
Key Highlights
- Three‑unit multifamily property with independent ownership of the primary building
- 1/10th fractional interest in an adjacent .29‑acre lot
- Shared amenity parcel includes a tropical pool and covered laundry area
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.0k | $25.20 |
| − Vacancy | −$2.5k | −$1.39 |
| EGI | $42.5k | $23.81 |
| − OpEx | −$12.8k | −$7.14 |
| NOI | $29.8k | $16.67 |
1,785 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$425.1K
$372.0K – $495.9K
NOI $29,756 @ 7.0% cap · market cap 3.87%
Second Best
Apartment 5plus
$382.9K
$335.1K – $446.7K
NOI $26,804 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,966 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit multifamily property with individual building control and access to a shared pool and covered laundry area.
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: Three‑unit multifamily property with independent ownership of the primary building; 1/10th fractional interest in an adjacent .29‑acre lot; Shared amenity parcel includes a tropical pool and covered laundry area
