Renovated Fourplex with Flex
For Sale
$2,499,000
1305 SE 1st St, Fort Lauderdale, FL 33301
Renovated fourplex with four 2BR/1BA units and on-site laundry, plus impact-resistant windows and doors.
Property Size4,219 SF
Days on Market181
Property Features for 1305 SE 1st St
General Information
Standard status
Active
Size
4,219 SF
Property subtype
Quadruplex
Site & Location
Neighborhood
Cehk
Taxes and HOA fees
Annual Taxes
$33,823
Building Details
Building Size
4,219 SF
Year Built
1980
Listing Agency:
Compass Florida, LLC
Listed By:
Agostina Mittone · License #3421497
(347) 228-1380
Source:
Relinkre
Added: Apr 27
Changed: Oct 16
Last Checked: Oct 23 at 2:23PM
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 Compass Florida, LLC
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Investment Insights
Based on property information with market context.
This renovated fourplex includes four 2-bedroom, 1-bath units. Two of the units feature additional flex rooms that can support extra sleeping space or a home office setup. One unit is furnished and set up for short-term rental use. Updates throughout the property include updated kitchens, bathrooms, and flooring, along with impact-resistant PGT windows and doors.
The property has on-site laundry with a washer/dryer set on each floor and includes ample on-site and street parking.
Recent building and mechanical improvements include a roof replacement in 2022, HVAC systems installed in 2021, a 10-year building safety certification completed in 2022, and a tankless water heater installed in 2025.
The property has on-site laundry with a washer/dryer set on each floor and includes ample on-site and street parking.
Recent building and mechanical improvements include a roof replacement in 2022, HVAC systems installed in 2021, a 10-year building safety certification completed in 2022, and a tankless water heater installed in 2025.
Key Highlights
- Renovated fourplex (built 1980) with four spacious 2BR/1BA units
- Two units feature additional flex rooms for extra sleeping space or a home office
- Impact‑resistant PGT windows and doors, plus updated kitchens, bathrooms, and flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,330
Cap Rate
2.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,406,600
$1.4M
Cap Rate 7%
$1,004,714
$1.0M
Cap Rate 9%
$781,444
$781.4K
Market Conditions
NOI Build-Up for 4,219 SF
Gross rent
$106.3K $25.20/SF
− Vacancy
−$5.8K −$1.39/SF
EGI
$100.5K $23.81/SF
− OpEx
−$30.1K −$7.14/SF
NOI
$70.3K $16.67/SF
Area
Fort Lauderdale, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,406,600
Cap Rate 7%
$1,004,714
Cap Rate 9%
$781,444
Alternative Uses
Best Use
Multifamily LT 5
$1.00M
$879.1K – $1.17M
NOI $70,330 @ 7.0% cap · market cap 2.81%
Second Best
Apartment 5plus
$905.1K
$791.9K – $1.06M
NOI $63,354 @ 7.0% cap · market cap 2.54%
Theoretical Best
Office A
$2.84M
$2.48M – $3.31M
NOI $198,462 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
5,583
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Renovated fourplex with four 2BR/1BA units and on-site laundry, plus impact-resistant windows and doors.
Where is this quadplex located?
The property is located at 1305 SE 1st St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: Renovated fourplex (built 1980) with four spacious 2BR/1BA units; Two units feature additional flex rooms for extra sleeping space or a home office; Impact‑resistant PGT windows and doors, plus updated kitchens, bathrooms, and flooring throughout
