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4204 N Ocean Dr Lauderdale by the Sea, FL 33308

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For Sale
$1,400,000

Well-maintained multifamily property near the beach in Lauderdale-By-The-Sea.

Type:Multifamily
Property size:
2,538 SF
Lot size:
0.13 Acres
Added:
Apr 1, 2026
Days on Market:
22
Last Refresh:
Apr 1 at 11:52 am

Property Features for 4204 N Ocean Dr

General Information

Standard status
Active
Size
2,538 SF
Lot size
0.13 Acres
Property subtype
Multifamily

Building Details

Year Built
1966

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Listing Contact
Alexander Gerdak

Listing agent Alexander Gerdak License #FL #SL3614788

Listing office

Listing date Apr 1, 2026

Source Franklinst

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 Alexander Gerdak


Overview

Turnkey Coastal Multifamily Asset

Located at 4204 N Ocean Dr, this well-maintained multifamily property presents an opportunity to acquire a turnkey asset in a desirable coastal market. Constructed in 1966 and significantly renovated in 2024, the 2,538 square foot building consists of four units. The property is zoned RM-25 and situated on a 0.13-acre lot. It is operated as short-term rentals in the Lauderdale-by-the-Sea beach market. The property has in-place income with average daily rates of approximately $150 per night for one-bedroom units and $200 per night for the two-bedroom unit. There is revenue upside with the ability to increase average daily rates by approximately 17% for one-bedroom units and 12.5% for the two-bedroom unit through optimized pricing and management. The property has favorable RMM-25 zoning, offering long-term flexibility and potential future redevelopment upside. Updated interiors feature modern appliances and contemporary finishes. Units 3 and 4 have been fully renovated. The property has been recently repainted and benefits from a new roof installed in 2024. The coastal location is steps from the beach and within walking distance to Anglin’s Fishing Pier, restaurants, cafes, and boutique retail. It has convenient access to Fort Lauderdale Beach, Las Olas Boulevard, Downtown Fort Lauderdale, US-1, I-95, and Fort Lauderdale–Hollywood International Airport.
Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Lauderdale by the Sea
County
Broward
State
Florida
Longitude
-80.0968136
Latitude
26.1860824

FAQs

What type of property is this?
Quadplex - Well-maintained multifamily property near the beach in Lauderdale-By-The-Sea.
Where is this quadplex located?
The property is located at 4204 N Ocean Dr Lauderdale by the Sea, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Irreplaceable coastal location steps from the beach, near Anglin’s Fishing Pier, restaurants, and retail.; Turnkey, well‑maintained multifamily asset with proven short‑term rental income.; **Significant renovations completed in 2024, including a new roof, updated interiors, and modern appliances.**
More about this property
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