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Seven-Unit Apartment Community
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3031 NE 21st Ave, Fort Lauderdale, FL 33306

Seven-unit, one-story concrete block apartment property with central AC, private yards, and coin laundry.

Property Size4,987 SF
Lot Size0.28 Acres
Days on Market111

Property Features for 3031 NE 21st Ave

General Information

Standard status Active
Size 4,987 SF
Lot size 0.28 Acres
Property subtype Multifamily
Zoning RMM-25

Additional Details

Highway Access Yes
Multifamily Units 7

Amenities

central air conditioning
ceramic tile flooring
accordion storm shutters
private rear yard
private courtyard
security camera system
laundry room

Building Details

Year Built 1963
Stories 1
Construction concrete block
Listing Agency: Marcus & Millichap - Fort Lauderdale
Listed By: Austin Michels · License #FL SL3510497
Source: Crexi
Added: Apr 24 Changed: Aug 8 Last Checked: Jul 23 at 2:56PM

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 Marcus & Millichap - Fort Lauderdale

Investment Insights

Based on property information with market context.

Ocean Ridge Apartments is a seven-unit, one-story multifamily property built in 1963. The building is constructed of concrete block with a painted stucco exterior and includes six one-bedroom, one-bath units and one two-bedroom, two-bath unit. All apartments feature central air conditioning, ceramic tile flooring, and full kitchens, along with accordion storm shutters. Each unit has private rear yard space, and the property includes a private courtyard.

The offering is situated on 0.28 acres in the RMM-25 multifamily zoning district. The roof was replaced approximately seven years ago and was recently resealed with silicone. Additional improvements include updated electric panels and the installation of a security camera system. All units have separate electric meters, and five units have separate water meters.

Five of the seven units have been renovated with updated kitchens and bathrooms, upgraded cabinetry, and granite countertops. Two units include private in-unit washers and dryers, while the remaining units use a shared coin-operated laundry room with two washers and two dryers.

Key Highlights

  • Ocean Ridge Apartments: seven 1‑story units built in 1963 on 0.28 acres (4,987 adjusted SF) on a 12,000 SF lot
  • Unit mix: six 1BR/1BA and one 2BR/2BA; 5 of 7 units renovated with updated kitchens and bathrooms
  • Rooftop work: roof replaced ~7 years ago and recently resealed with silicone; updated electric panels and security camera system

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Daycare Center (Bike/Boat/Book/etc) Store Butcher Catering Service Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,958
Businesses Nearby

Demographics for 33306, FL

3,526
Population
2,109
Households
1.7
Avg Household Size
53
Median Age
44%
College-Educated
96%
High-School Grad
0.9 sq mi
ZIP Area
3,918
Density / Sq Mi
$82,375
Median Household Income
$77,118
Median Earnings
$1,369
Median Rent
$469,800
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Seven-unit, one-story concrete block apartment property with central AC, private yards, and coin laundry.
Where is this apartment building located?
The property is located at 3031 NE 21st Ave Fort Lauderdale, FL.
What are key features of this property?
This property features: Ocean Ridge Apartments: seven 1‑story units built in 1963 on 0.28 acres (4,987 adjusted SF) on a 12,000 SF lot; Unit mix: six 1BR/1BA and one 2BR/2BA; 5 of 7 units renovated with updated kitchens and bathrooms; Rooftop work: roof replaced ~7 years ago and recently resealed with silicone; updated electric panels and security camera system
More about this property
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