Lakefront Triplex with En-Suite
For Sale
Contact for pricing
Pending
1236 NE 18th Ave, Fort Lauderdale, FL 33304
Flexible residential layout includes private outdoor space, a two-car garage, and updated pool equipment.
Property Size3,389 SF
Days on Market158
Property Features for 1236 NE 18th Ave
General Information
Standard status
Pending
Size
3,389 SF
Total Parking Spaces
2
Property subtype
Multifamily
Zoning
RC-15
Additional Details
Multifamily Units
3
Amenities
pool
Building Details
Year Built
1955
Buildings
1
Listing Agency:
Compass Commercial
Listed By:
Jessie Stier · License #3442064
(954) 649-7890
Source:
Crexi
Added: May 12
Changed: Oct 10
Last Checked: Oct 16 at 9:20AM
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 Compass Commercial
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Investment Insights
Based on property information with market context.
This lakefront triplex provides 3,389 SF of residential space in a flexible arrangement. The front residence contains two bedrooms and two bathrooms, while the rear residence is configured with three bedrooms and three bathrooms and connects internally to the front portion. Each of the five bedrooms has an en-suite bathroom, and the front residence includes a private patio.
The interior connection can be closed to establish a separate two-bedroom, two-bathroom residence and studio apartment. Property improvements include a two-car garage, new pool heater, low-maintenance turf grass, and impact windows and doors. Built in 1955, the property is zoned RC-15 and sits near Las Olas, downtown Fort Lauderdale, and the beach.
The interior connection can be closed to establish a separate two-bedroom, two-bathroom residence and studio apartment. Property improvements include a two-car garage, new pool heater, low-maintenance turf grass, and impact windows and doors. Built in 1955, the property is zoned RC-15 and sits near Las Olas, downtown Fort Lauderdale, and the beach.
Key Highlights
- Lakefront triplex with 3,389 SF of residential space
- Current layout includes a 2‑bedroom, 2‑bathroom residence and a 3‑bedroom, 3‑bathroom residence
- All five bedrooms feature en‑suite bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,494
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,129,880
$1.1M
Cap Rate 7%
$807,057
$807.1K
Cap Rate 9%
$627,711
$627.7K
Market Conditions
NOI Build-Up for 3,389 SF
Gross rent
$85.4K $25.20/SF
− Vacancy
−$4.7K −$1.39/SF
EGI
$80.7K $23.81/SF
− OpEx
−$24.2K −$7.14/SF
NOI
$56.5K $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%
$1,129,880
Cap Rate 7%
$807,057
Cap Rate 9%
$627,711
Alternative Uses
Best Use
Multifamily LT 5
$807.1K
$706.2K – $941.6K
NOI $56,494 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$727.0K
$636.1K – $848.2K
NOI $50,890 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$2.28M
$1.99M – $2.66M
NOI $159,419 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,768
Businesses Nearby
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Business Placement
Demographics for 33304, FL
19,978
Population
12,367
Households
1.6
Avg Household Size
46
Median Age
51%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
6,445
Density / Sq Mi
$84,951
Median Household Income
$55,527
Median Earnings
$1,727
Median Rent
$556,400
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 - Flexible residential layout includes private outdoor space, a two-car garage, and updated pool equipment.
Where is this triplex located?
The property is located at 1236 NE 18th Ave Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Lakefront triplex with 3,389 SF of residential space; Current layout includes a 2‑bedroom, 2‑bathroom residence and a 3‑bedroom, 3‑bathroom residence; All five bedrooms feature en‑suite bathrooms
