Triplex with Separate Electric
For Sale
$1,100,000
1237 NE 14th Avenue, Fort Lauderdale, FL 33304
A single-level layout pairs a two-bedroom residence with two efficiency units for three distinct living spaces.
Property Size2,759 SF
Price / SF$398.70
Days on Market8
Property Features for 1237 NE 14th Avenue
General Information
Standard status
Active
Size
2,759 SF
Property subtype
Triplex
Site & Location
Neighborhood
Lrra
Units
Unit Mix
1 x 2BR/1BA, 2 x efficiency
Multifamily Units
3
Individually Metered Utilities
electricity
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1957
Buildings
1
Stories
1
Listing Agency:
Best of Luxury Realty Corp.
(305) 407-1657
Listed By:
Tracey Schmitt · License #3136700
(305) 323-3269
Source:
Lehmannflorida
Added: Oct 29
Changed: Nov 5
Last Checked: Nov 4 at 4:14PM
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 Best of Luxury Realty Corp.
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Investment Insights
Based on property information with market context.
This 2,759-square-foot triplex in Fort Lauderdale has three living units within a single-story building constructed in 1957. The front residence includes two bedrooms, one bathroom, a kitchen, tile flooring, and a carport; two efficiency units complete the configuration. Each unit has a separate electric meter. The property is tenant occupied, and visits require an appointment.
The property is in the Lake Ridge area, near Fort Lauderdale Beach, Las Olas Boulevard, shopping, dining, entertainment, and major thoroughfares.
The property is in the Lake Ridge area, near Fort Lauderdale Beach, Las Olas Boulevard, shopping, dining, entertainment, and major thoroughfares.
Key Highlights
- Three units: one two‑bedroom, one‑bath residence and two efficiencies
- 2,759 square feet in a single‑story building
- Separate electric meters for each unit
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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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 - A single-level layout pairs a two-bedroom residence with two efficiency units for three distinct living spaces.
Where is this triplex located?
The property is located at 1237 NE 14th Avenue 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 units: one two‑bedroom, one‑bath residence and two efficiencies; 2,759 square feet in a single‑story building; Separate electric meters for each unit
