Three-Unit Multifamily
New
For Sale
$1,100,000
1237 NE 14th Ave, Fort Lauderdale, FL 33304
Residential Income, Fort Lauderdale, FL
Property Size2,759 SF
Price / SF$398.70
Days on Market3
Property Features for 1237 NE 14th Ave
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
RM-15
Bedrooms
2
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 1, Bathroom 3, Bathroom 2, Bathroom 1
Parking
3
Subdivision
PROGRESSO
Lot features
< 1/4 Acre
Standard status
Active
APN
494234029560
Size
2,759 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
PROGRESSO 2-18 D LOT 5,6 BLK 104
Tax Annual Amount
12386
Legal Description
PROGRESSO 2-18 D LOT 5,6 BLK 104
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Building Details
Year built
1957
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
CBS (Concrete Block Structure), Block
Listing Agency:
Best of Luxury Realty Corp.
(305) 407-1657
Listed By:
Tracey Schmitt · License #3136700
(305) 323-3269
Added: Oct 22
Last Checked: Oct 24 at 6:06AM
MLS# A12111237
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 2,759-square-foot, one-story multifamily property contains three separate units. The main residence has two bedrooms, one bathroom, a kitchen, ceramic tile flooring, and a carport; two additional efficiency units complete the configuration. Separate electric meters serve the units. The 1957 building has concrete block construction, central air conditioning, and central electric heating. The property is tenant occupied.
Key Highlights
- Three separate living units in a one‑story configuration
- 2,759 square feet of building area
- Main residence features two bedrooms, one bathroom, a kitchen, ceramic tile floors, and a carport
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,992
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$919,840
$919.8K
Cap Rate 7%
$657,029
$657.0K
Cap Rate 9%
$511,022
$511.0K
Market Conditions
NOI Build-Up for 2,759 SF
Gross rent
$69.5K $25.20/SF
− Vacancy
−$3.8K −$1.39/SF
EGI
$65.7K $23.81/SF
− OpEx
−$19.7K −$7.14/SF
NOI
$46.0K $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%
$919,840
Cap Rate 7%
$657,029
Cap Rate 9%
$511,022
Alternative Uses
Best Use
Multifamily LT 5
$657.0K
$574.9K – $766.5K
NOI $45,992 @ 7.0% cap · market cap 4.18%
Second Best
Apartment 5plus
$591.9K
$517.9K – $690.5K
NOI $41,430 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,783 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,646
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - The one-story layout combines a two-bedroom residence with two efficiency units, each served by a separate electric meter.
Where is this triplex located?
The property is located at 1237 NE 14th Ave Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Three separate living units in a one‑story configuration; 2,759 square feet of building area; Main residence features two bedrooms, one bathroom, a kitchen, ceramic tile floors, and a carport
