Five-Unit Multifamily
For Sale
$1,358,760
1410 SW 44th Avenue #1-5, Fort Lauderdale, FL 33317
Five-unit apartment building featuring three 3-bedroom units and two 1-bedroom units near major roadways.
Property Size4,381 SF
Days on Market56
Property Features for 1410 SW 44th Avenue #1-5
General Information
Standard status
Active
Size
4,381 SF
Total Parking Spaces
8
Zoning
RM-15
Additional Details
Business Included
Yes
Highway Access
Yes
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$15,791
Building Details
Building Size
4,381 SF
Year Built
1997
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Keter Estates LLC
(305) 761-1612
Listed By:
Erica Mizrahi · License #3239938
(305) 761-1612
Source:
Laerrealty
Added: Jul 7
Changed: Aug 22
Last Checked: Aug 30 at 1:33PM
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 Keter Estates LLC
Investment Insights
Based on property information with market context.
This five-unit multifamily apartment building offers a straightforward income mix of three 3-bedroom, 2-bath units and two 1-bedroom, 1-bath units. The property is presented as an investment opportunity with efficient, practical layouts and an arrangement designed to support day-to-day rental operations.
Located centrally just west of 441 in Fort Lauderdale, the property is described as having immediate access to major roadways, along with proximity to retail, employment hubs, and public transportation. That combination can support tenant convenience and help simplify commuting and errands for residents.
The diversified unit mix makes the building workable for a range of renter profiles, from smaller households in the 1-bedroom units to larger households in the 3-bedroom units. For buyers seeking a compact multifamily asset, this offering provides five separate apartment units within a single ownership structure, suitable for investors or owner-operators evaluating a small-scale residential income purchase in a central Fort Lauderdale setting.
Located centrally just west of 441 in Fort Lauderdale, the property is described as having immediate access to major roadways, along with proximity to retail, employment hubs, and public transportation. That combination can support tenant convenience and help simplify commuting and errands for residents.
The diversified unit mix makes the building workable for a range of renter profiles, from smaller households in the 1-bedroom units to larger households in the 3-bedroom units. For buyers seeking a compact multifamily asset, this offering provides five separate apartment units within a single ownership structure, suitable for investors or owner-operators evaluating a small-scale residential income purchase in a central Fort Lauderdale setting.
Key Highlights
- Five‑unit multifamily building built in 1997.
- Unit mix includes three 3‑bedroom/2‑bath apartments and two 1‑bedroom/1‑bath units.
- Centrally located just west of 441 in Fort Lauderdale for convenient access to major roadways.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$65,786
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,315,720
$1.3M
Cap Rate 7%
$939,800
$939.8K
Cap Rate 9%
$730,956
$731.0K
Market Conditions
NOI Build-Up for 4,381 SF
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.
Gross rent
$126.2K $28.80/SF
− Vacancy
−$6.6K −$1.50/SF
EGI
$119.6K $27.30/SF
− OpEx
−$53.8K −$12.29/SF
NOI
$65.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,315,720
Cap Rate 7%
$939,800
Cap Rate 9%
$730,956
Alternative Uses
Best Use
Apartment 5plus
$939.8K
$822.3K – $1.10M
NOI $65,786 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.94M
$2.58M – $3.43M
NOI $206,082 @ 7.0% cap · market cap 15.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
781
Businesses Nearby
Explore this area
Business Placement
Demographics for 33317, FL
37,590
Population
13,625
Households
2.8
Avg Household Size
41
Median Age
36%
College-Educated
90%
High-School Grad
9.6 sq mi
ZIP Area
3,916
Density / Sq Mi
$84,239
Median Household Income
$43,317
Median Earnings
$1,986
Median Rent
$449,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit apartment building featuring three 3-bedroom units and two 1-bedroom units near major roadways.
Where is this apartment building located?
The property is located at 1410 SW 44th Avenue #1-5 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,358,760.
What are key features of this property?
This property features: Five‑unit multifamily building built in 1997.; Unit mix includes three 3‑bedroom/2‑bath apartments and two 1‑bedroom/1‑bath units.; Centrally located just west of 441 in Fort Lauderdale for convenient access to major roadways.
