Independent Triplex with Pool
For Sale
$749,000
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 Size1,785 SF
Price / SF$423.88
Days on Market77
Property Features for 123-125 SW 19th Avenue 13
General Information
Standard status
Active
Size
1,785 SF
Property subtype
Triplex
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,797
Amenities
pool
covered laundry area
Building Details
Building Size
1,785 SF
Year Built
1964
Buildings
1
Listing Agency:
Beycome of Florida LLC
Listed By:
Steven Koleno · License #3469487
(804) 656-5007
Source:
Tylertuchow
Added: Aug 4
Changed: Oct 17
Last Checked: Oct 16 at 5:14PM
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
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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 / Yr
$29,456
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
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
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 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 3.93%
Second Best
Apartment 5plus
$379.1K
$331.7K – $442.2K
NOI $26,534 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,120 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
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 $749,000.
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
