Renovated Fourplex with Flex
1305 SE 1st St Fort Lauderdale, FL 33301
1305 SE 1st St, Fort Lauderdale, FL, 33301
$2,499,000
For Sale
$2,499,000
Renovated fourplex with four 2BR/1BA units and on-site laundry, plus impact-resistant windows and doors.
Property Size4,219 SF
Price / SF$592.32
Days on Market87
Property Features for 1305 SE 1st St
General Information
- Standard status
- Active
- Size
- 4,219 SF
- Property subtype
- Multi-Unit (2-4)
Building Details
- Year Built
- 1980
Listing agency
Compass Florida, LLC
(954) 477-7332
Listed by
Agostina Mittone · License #3421497
(954) 477-7332
Source
Doyle-realty
Added: Apr 27 Updated: Jul 21 at 11:39AM Checked: Jul 22 at 5:13AM
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
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
Local 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 | $106.3k | $25.20 |
| − Vacancy | −$5.8k | −$1.39 |
| EGI | $100.5k | $23.81 |
| − OpEx | −$30.1k | −$7.14 |
| NOI | $70.3k | $16.67 |
4,219 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
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
