Garden-Style Multifamily
701 NE 13th Ct Fort Lauderdale, FL 33304
701 NE 13th Ct, Fort Lauderdale, FL, 33304
$2,508,000
For Sale
$2,508,000
Two-story, 12-unit garden-style apartment building centered on a landscaped courtyard with on-site parking.
Property Size8,275 SF
Lot Size0.34 Acres
Price / SF$303.08
Days on Market115
Property Features for 701 NE 13th Ct
General Information
- Standard status
- Active
- Size
- 8,275 SF
- Lot size
- 0.34 Acres
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1969
Listing agency
Native Realty
(954) 595-2999
Listed by
Jaime Sturgis · License #F10550164
Source
Commercialcafe
Added: Mar 30 Updated: Jul 21 at 6:48AM Checked: Jul 21 at 6:48AM
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
Investment Insights
Based on property information with market context.
This 12-unit multifamily property is a well-maintained, two-story garden-style apartment building totaling approximately 8,275 square feet on a 14,688 square foot lot. Units are arranged around a landscaped courtyard, creating a community-style outdoor setting. The tenant mix includes one studio/1-bath unit, one studio/1.5-bath unit, eight 1-bedroom/1.5-bath units, and two 2-bedroom/2-bath units. Many units have been updated with modern finishes such as tile flooring, refreshed kitchens, and renovated bathrooms.
On-site parking is available, and the layout provides efficient access to all units. The property is zoned CB (Community Business), offering flexibility for future redevelopment or alternative uses.
Positioned just north of Downtown Fort Lauderdale, the asset is also located near Flagler Village, Wilton Manors, and major transportation corridors, supporting a demand-driven rental area in an active South Florida market.
On-site parking is available, and the layout provides efficient access to all units. The property is zoned CB (Community Business), offering flexibility for future redevelopment or alternative uses.
Positioned just north of Downtown Fort Lauderdale, the asset is also located near Flagler Village, Wilton Manors, and major transportation corridors, supporting a demand-driven rental area in an active South Florida market.
Key Highlights
- 12‑unit multifamily property at 701 NE 13th Court, Fort Lauderdale (2‑story garden‑style building)
- Approx. 8,275 SF on a 14,688 SF lot with a landscaped, courtyard‑centered layout
- Unit mix: 1 studio/1BA, 1 studio/1.5BA, eight 1BR/1.5BA, and two 2BR/2BA
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 | $238.3k | $28.80 |
| − Vacancy | −$12.4k | −$1.50 |
| EGI | $225.9k | $27.30 |
| − OpEx | −$101.7k | −$12.29 |
| NOI | $124.3k | $15.02 |
8,275 SF · lease $28.80/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.78M
$1.55M – $2.07M
NOI $124,260 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.56M
$4.87M – $6.49M
NOI $389,256 @ 7.0% cap · market cap 15.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
CasaDeGrace
Coworking & Hybrid Office
Elesde12/18/1984 Llc.
Pharmacy
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Two-story, 12-unit garden-style apartment building centered on a landscaped courtyard with on-site parking.
Where is this apartment building located?
The property is located at 701 NE 13th Ct Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $2,508,000.
What are key features of this property?
This property features: 12‑unit multifamily property at 701 NE 13th Court, Fort Lauderdale (2‑story garden‑style building); Approx. 8,275 SF on a 14,688 SF lot with a landscaped, courtyard‑centered layout; Unit mix: 1 studio/1BA, 1 studio/1.5BA, eight 1BR/1.5BA, and two 2BR/2BA
