Triplex With Private
For Sale
Contact for pricing
123 SW 19th Ave, Fort Lauderdale, FL 33312
Three individually configured apartments combine private outdoor areas with shared pool, laundry, and landscaped common space.
Property Size1,767 SF
Price / SF$423.88
Days on Market146
Property Features for 123 SW 19th Ave
General Information
Standard status
Active
Size
1,767 SF
Total Parking Spaces
2
Property subtype
Multifamily
Zoning
RM-15
Units
Unit Mix
3 x 1BR/1BA
Multifamily Units
3
Additional Details
HOA Fee
$105
Amenities
pool
laundry facilities
Building Details
Year Built
1963
Listing Agency:
Beycome of Florida LLC
(804) 656-5007
Listed By:
Steven Koleno · License #3469487
Source:
Crexi
Added: Apr 8
Changed: Aug 30
Last Checked: Aug 30 at 3:42AM
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 1,767-square-foot triplex, built in 1963, contains three one-bedroom, one-bath apartments. Each unit includes a private rear patio, central AC, and newer appliances. The property also features a fenced front courtyard and an off-street parking lot, providing defined outdoor and parking areas for the building.
The primary property is independently owned and is associated with a shared amenity parcel that includes a pool, laundry facilities, and landscaping maintenance through an HOA. The property is located at 123 SW 19th Ave in Fort Lauderdale and carries RM-15 zoning. The combination of three residential units and shared facilities creates a compact multifamily configuration with established common-area improvements.
The primary property is independently owned and is associated with a shared amenity parcel that includes a pool, laundry facilities, and landscaping maintenance through an HOA. The property is located at 123 SW 19th Ave in Fort Lauderdale and carries RM-15 zoning. The combination of three residential units and shared facilities creates a compact multifamily configuration with established common-area improvements.
Key Highlights
- Three one‑bedroom, one‑bath units within a 1,767‑square‑foot triplex
- Private rear patio provided for each apartment
- Shared amenity parcel includes a pool and laundry facilities
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
3.93%
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 3.93%
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.
Property Analytics
Property Profile
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three individually configured apartments combine private outdoor areas with shared pool, laundry, and landscaped common space.
Where is this triplex located?
The property is located at 123 SW 19th Ave 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 one‑bedroom, one‑bath units within a 1,767‑square‑foot triplex; Private rear patio provided for each apartment; Shared amenity parcel includes a pool and laundry facilities
