Studio City Multifamily
For Sale
$695,000
1238 NE 7th Ave Fort, Fort Lauderdale, FL 33304
Multifamily asset in the heart of Studio City.
Property Size1,477 SF
Days on Market232
Property Features for 1238 NE 7th Ave Fort
General Information
Standard status
Active
Size
1,477 SF
Property subtype
Multifamily
Site & Location
Neighborhood
Mrtn
Building Details
Building Size
1,477 SF
Listing Agency:
Native Realty Co.
Listed By:
Jaime Sturgis · License #3246270
(954) 595-2999
Source:
Nativerealty
Added: Mar 6
Changed: Oct 3
Last Checked: Oct 23 at 3:50AM
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 Native Realty Co.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding multifamily asset is located in the heart of Studio City on 13th Street. The property offers residents a local downtown feel, blending the eclectic arts scene of Flagler Village and the residential character of Middle River Terrace. The result is a lively and diverse community that balances urban sophistication with neighborhood charm. The property is located on NE 7th Ave.
Key Highlights
- Freestanding multifamily asset.
- Located in the heart of Studio City / 13th Street.
- Offers a unique blend of local culture and community charm.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,179
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$443,580
$443.6K
Cap Rate 7%
$316,843
$316.8K
Cap Rate 9%
$246,433
$246.4K
Market Conditions
NOI Build-Up for 1,477 SF
Gross rent
$42.5K $28.80/SF
− Vacancy
−$2.2K −$1.50/SF
EGI
$40.3K $27.30/SF
− OpEx
−$18.1K −$12.29/SF
NOI
$22.2K $15.02/SF
Area
Fort Lauderdale, FL
Vacancy
5.20%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$443,580
Cap Rate 7%
$316,843
Cap Rate 9%
$246,433
Alternative Uses
Best Use
Apartment 5plus
$316.8K
$277.2K – $369.7K
NOI $22,179 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$992.5K
$868.5K – $1.16M
NOI $69,478 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,964
Businesses Nearby
Explore this area
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?
Multifamily property - Multifamily asset in the heart of Studio City.
Where is this multifamily property located?
The property is located at 1238 NE 7th Ave Fort Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Freestanding multifamily asset.; Located in the heart of Studio City / 13th Street.; Offers a unique blend of local culture and community charm.
