6-Unit Multifamily Corner
For Sale
$1,380,000
1414 NE 4th St, Fort Lauderdale, FL 33301
Well-maintained 6-unit multifamily asset on a corner lot with on-site parking in RC-15 zoning.
Property Size3,595 SF
Lot Size0.17 Acres
Price / SF$383.87
Days on Market160
Property Features for 1414 NE 4th St
General Information
Standard status
Active
Size
3,595 SF
Class
C
Lot size
0.17 Acres
Property subtype
Multi-Family
Zoning
RC-15
Additional Details
Multifamily Units
6
Building Details
Building Size
3,595 SF
Year Built
1950
Units
6
Listing Agency:
Native Realty
Listed By:
Jaime Sturgis · License #3246270
(954) 595-2999
Source:
Commercialcafe
Added: Mar 30
Changed: Aug 28
Last Checked: Sep 4 at 2:40AM
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 6-unit multifamily investment property includes approximately 3,595 square feet of improvements on a roughly 7,452 square foot corner lot. The building features a well-maintained layout with unit variety designed to support strong rental appeal. The property includes on-site parking and functional access to all units, with recent exterior upkeep and curb appeal contributing to its overall presentation.
Located at 1414 NE 4th Street in Fort Lauderdale, the property is described as being minutes from Downtown Fort Lauderdale, Flagler Village, and the beach. The surrounding area is characterized as a high-demand rental corridor, supported by ongoing development and population growth.
Zoned RC-15, the property allows for residential multifamily use, with potential for future redevelopment or density optimization. The offering is presented as a stabilized, income-producing asset with the opportunity for value through interior upgrades and operational efficiencies.
Located at 1414 NE 4th Street in Fort Lauderdale, the property is described as being minutes from Downtown Fort Lauderdale, Flagler Village, and the beach. The surrounding area is characterized as a high-demand rental corridor, supported by ongoing development and population growth.
Zoned RC-15, the property allows for residential multifamily use, with potential for future redevelopment or density optimization. The offering is presented as a stabilized, income-producing asset with the opportunity for value through interior upgrades and operational efficiencies.
Key Highlights
- 6‑unit multifamily property built in 1950 at 1414 NE 4th Street, Fort Lauderdale
- Approximately 3,595 SF of improvements on a 7,452 SF corner lot with on‑site parking
- RC‑15 zoning allows residential multifamily use
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
$53,984
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
3.91%
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%
$1,079,680
$1.1M
Cap Rate 7%
$771,200
$771.2K
Cap Rate 9%
$599,822
$599.8K
Market Conditions
NOI Build-Up for 3,595 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
$103.5K $28.80/SF
− Vacancy
−$5.4K −$1.50/SF
EGI
$98.2K $27.30/SF
− OpEx
−$44.2K −$12.29/SF
NOI
$54.0K $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%
$1,079,680
Cap Rate 7%
$771,200
Cap Rate 9%
$599,822
Alternative Uses
Best Use
Apartment 5plus
$771.2K
$674.8K – $899.7K
NOI $53,984 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.42M
$2.11M – $2.82M
NOI $169,109 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
5,695
Businesses Nearby
Explore this area
Business Placement
Demographics for 33301, FL
19,109
Population
13,955
Households
1.4
Avg Household Size
42
Median Age
62%
College-Educated
96%
High-School Grad
2.5 sq mi
ZIP Area
7,644
Density / Sq Mi
$115,421
Median Household Income
$76,365
Median Earnings
$2,341
Median Rent
$751,600
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 - Well-maintained 6-unit multifamily asset on a corner lot with on-site parking in RC-15 zoning.
Where is this apartment building located?
The property is located at 1414 NE 4th St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,380,000.
What are key features of this property?
This property features: 6‑unit multifamily property built in 1950 at 1414 NE 4th Street, Fort Lauderdale; Approximately 3,595 SF of improvements on a 7,452 SF corner lot with on‑site parking; RC‑15 zoning allows residential multifamily use
