Four-Unit Concrete Block
1111 NE 5th Terrace Fort Lauderdale, FL 33304
New
For Sale
$1,000,000
Single-story four-unit apartment building with on-site laundry, wall AC, and paved asphalt parking.
Property Size3,743 SF
Lot Size0.31 Acres
Price / SF$267.17
Days on Market2
Property Features for 1111 NE 5th Terrace
General Information
- Standard status
- Active
- Size
- 3,743 SF
- Lot size
- 0.31 Acres
- Property subtype
- Multifamily
Listing Agency:
Fort Lauderdale Office
(954) 245-3492
Listed By:
Joe Thomas · License #License(s): FL: SL3174354
(954) 245-3492
Source:
Marcusmillichap
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 25 at 6:34PM
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 Fort Lauderdale Office
Investment Insights
Based on property information with market context.
1111 Northeast 5th Terrace is a four-unit, single-story apartment building constructed in 1946. The property consists of concrete block construction with a painted stucco exterior and shingle roof, totaling 3,743 square feet of gross building area on a 13,503-square-foot lot. The unit mix includes two one-bedroom/one-bathroom units, one two-bedroom/one-bathroom unit, and one three-bedroom/two-bathroom unit. Amenities include on-site laundry facilities and wall air-conditioning units, along with paved asphalt parking. The property is zoned RMM-25.
Located in Fort Lauderdale, Florida, the building provides convenient access to Sunrise Boulevard, NE 4th Avenue, and Federal Highway (US-1). Residents are within walking distance to Home Depot, Flagler Village, and Holiday Park. Nearby retailers and services include Amped Fitness, Pet Supermarket, Walgreens, Aldi, Winn Dixie, and grocery options including Publix and The Fresh Market.
The surrounding area also includes major destinations within short drives, with access to Downtown Fort Lauderdale, Brightline Fort Lauderdale Station, Port Everglades, and Fort Lauderdale-Hollywood International Airport.
Located in Fort Lauderdale, Florida, the building provides convenient access to Sunrise Boulevard, NE 4th Avenue, and Federal Highway (US-1). Residents are within walking distance to Home Depot, Flagler Village, and Holiday Park. Nearby retailers and services include Amped Fitness, Pet Supermarket, Walgreens, Aldi, Winn Dixie, and grocery options including Publix and The Fresh Market.
The surrounding area also includes major destinations within short drives, with access to Downtown Fort Lauderdale, Brightline Fort Lauderdale Station, Port Everglades, and Fort Lauderdale-Hollywood International Airport.
Key Highlights
- 4‑unit apartment building in Fort Lauderdale built in 1946: 3,743 SF gross building area on 13,503 SF lot (0.31 acres)
- Unit mix includes two 1BD/1BA, one 2BD/1BA, and one 3BD/2BA
- On‑site laundry facilities plus wall air‑conditioning units
Financial Insights For Multifamily LT 5
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 | $94.3k | $25.20 |
| − Vacancy | −$5.2k | −$1.39 |
| EGI | $89.1k | $23.81 |
| − OpEx | −$26.7k | −$7.14 |
| NOI | $62.4k | $16.67 |
3,743 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$891.4K
$779.9K – $1.04M
NOI $62,395 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$802.9K
$702.6K – $936.8K
NOI $56,206 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$2.52M
$2.20M – $2.93M
NOI $176,071 @ 7.0% cap · market cap 17.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Single-story four-unit apartment building with on-site laundry, wall AC, and paved asphalt parking.
Where is this quadplex located?
The property is located at 1111 NE 5th Terrace Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 4‑unit apartment building in Fort Lauderdale built in 1946: 3,743 SF gross building area on 13,503 SF lot (0.31 acres); Unit mix includes two 1BD/1BA, one 2BD/1BA, and one 3BD/2BA; On‑site laundry facilities plus wall air‑conditioning units
