Fort Lauderdale Multifamily Investment
515 SE 9th St Fort Lauderdale, FL 33316
515 SE 9th St, Fort Lauderdale, FL, 33316
$2,785,000
For Sale
$2,785,000
Multifamily property with 11 units in Fort Lauderdale, Florida.
Property Size6,074 SF
Price / SF$458.51
Days on Market113
Property Features for 515 SE 9th St
General Information
- Standard status
- Active
- Size
- 6,074 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1966
Listing agency
(954) 312-1677
Listed by
Dan Dratch · License #FL #SL3341163
Source
Franklinst
Added: Apr 1 Updated: Jul 10 at 1:15PM Checked: Jul 10 at 1:15PM
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 Dan Dratch
Investment Insights
Based on property information with market context.
This multifamily property in Fort Lauderdale offers an investment opportunity in an established urban submarket. Constructed in 1966, the building has approximately 6,074 square feet and contains 11 residential units. The property's construction and unit mix are suited for renter demand for workforce and lifestyle-oriented housing near Downtown Fort Lauderdale and employment centers.
Key Highlights
- Multifamily property in Fort Lauderdale
- Stable, low‑rise / garden‑style asset
- Located in an established urban submarket
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $174.9k | $28.80 |
| − Vacancy | −$9.1k | −$1.50 |
| EGI | $165.8k | $27.30 |
| − OpEx | −$74.6k | −$12.29 |
| NOI | $91.2k | $15.02 |
6,074 SF · lease $28.80/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.30M
$1.14M – $1.52M
NOI $91,209 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.08M
$3.57M – $4.76M
NOI $285,721 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Multifamily property with 11 units in Fort Lauderdale, Florida.
Where is this apartment building located?
The property is located at 515 SE 9th St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $2,785,000.
What are key features of this property?
This property features: Multifamily property in Fort Lauderdale; Stable, low‑rise / garden‑style asset; Located in an established urban submarket
