Independent Triplex with Pool
New
For Sale
$769,000
123-125 SW 19th Avenue #13, Fort Lauderdale, FL 33312
RM-15 zoning accompanies shared access to an adjacent parcel with a pool and covered laundry area.
Property Size1,767 SF
Price / SF$430.81
Days on Market4
Property Features for 123-125 SW 19th Avenue #13
General Information
Standard status
Active
Size
1,767 SF
Total Parking Spaces
1
Property subtype
Residential Income
Zoning
RM-15
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,797
Amenities
pool
covered laundry area
Building Details
Building Size
1,767 SF
Year Built
1964
Buildings
1
Stories
1
Listing Agency:
Beycome of Florida LLC
(804) 656-5007
Listed By:
Steven Koleno · License #0779766
(804) 656-5007
Source:
Laerrealty
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 11 at 4:47AM
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 was built in 1964 and is located on SW 19th Avenue in Fort Lauderdale. The property is zoned RM-15 and includes a deeded 1/10th fractional interest in an adjacent .29-acre parcel. That shared amenity property includes a tropical pool and covered laundry area.
The address is near Downtown Fort Lauderdale and Las Olas, placing the triplex within a stated high-demand rental area. The primary building remains independently controlled, while the fractional interest provides access to the neighboring shared amenities. The property information identifies potential applications including investor ownership, owner occupancy, and Airbnb or Vrbo rental strategies.
The address is near Downtown Fort Lauderdale and Las Olas, placing the triplex within a stated high-demand rental area. The primary building remains independently controlled, while the fractional interest provides access to the neighboring shared amenities. The property information identifies potential applications including investor ownership, owner occupancy, and Airbnb or Vrbo rental strategies.
Key Highlights
- Triplex built in 1964
- RM‑15 zoning
- Deed includes a 1/10th fractional share of 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
$29,756
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
3.87%
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%
$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
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
$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 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%
$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 3.87%
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
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 - RM-15 zoning accompanies shared access to an adjacent parcel with a pool and covered laundry area.
Where is this triplex located?
The property is located at 123-125 SW 19th Avenue #13 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: Triplex built in 1964; RM‑15 zoning; Deed includes a 1/10th fractional share of an adjacent .29 acre lot
