Triplex with Shared
For Sale
$749,000
123-125 SW 19th Ave 1-3, Fort Lauderdale, FL 33312
Residential Income, Fort Lauderdale, FL
Property Size1,785 SF
Lot Size0.16 Acres
Price / SF$419.61
Days on Market94
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
Flood Zone, < 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
Lot size
0.16 Acres
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
Central Air, Electric, Ceiling Fan(s)
Amenities
pool
laundry area
Building Details
Year built
1964
Floors in Building
1
Flooring type
Tile
Building materials
CBS (Concrete Block Structure), Block
Roof type
Shingle
Listing Agency:
Beycome of Florida LLC
Listed By:
Steven Koleno · License #3469487
(804) 656-5007
Added: Aug 4
Changed: Oct 26
Last Checked: Nov 5 at 9:06PM
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.
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Investment Insights
Based on property information with market context.
This 1,785-square-foot triplex contains three one-bedroom, one-bathroom units. The building dates to 1964 and has concrete block construction, tile flooring, central air conditioning, and a shingle roof; a replacement roof is pending. Parking accommodates eight cars.
The property is on a 7,000-square-foot corner lot in Riverside Park, near Downtown Fort Lauderdale, with access to I-95. The sale also includes a one-tenth interest in an adjacent 0.29-acre lot with a shared pool and covered laundry area. The fee for maintaining those shared amenities is $105 per month.
The property is on a 7,000-square-foot corner lot in Riverside Park, near Downtown Fort Lauderdale, with access to I-95. The sale also includes a one-tenth interest in an adjacent 0.29-acre lot with a shared pool and covered laundry area. The fee for maintaining those shared amenities is $105 per month.
Key Highlights
- Three 1‑bedroom, 1‑bathroom units in a 1,785‑square‑foot triplex
- 7,000‑square‑foot corner lot in Riverside Park
- Parking for 8 cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,756
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$595,120
$595.1K
Cap Rate 7%
$425,086
$425.1K
Cap Rate 9%
$330,622
$330.6K
Market Conditions
NOI Build-Up for 1,785 SF
Gross rent
$45.0K $25.20/SF
− Vacancy
−$2.5K −$1.39/SF
EGI
$42.5K $23.81/SF
− OpEx
−$12.8K −$7.14/SF
NOI
$29.8K $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%
$595,120
Cap Rate 7%
$425,086
Cap Rate 9%
$330,622
Alternative Uses
Best Use
Multifamily LT 5
$425.1K
$372.0K – $495.9K
NOI $29,756 @ 7.0% cap · market cap 3.97%
Second Best
Apartment 5plus
$382.9K
$335.1K – $446.7K
NOI $26,804 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,966 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,088
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with central air and access to shared pool and covered laundry amenities.
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 $749,000.
What are key features of this property?
This property features: Three 1‑bedroom, 1‑bathroom units in a 1,785‑square‑foot triplex; 7,000‑square‑foot corner lot in Riverside Park; Parking for 8 cars
