Renovated Fourplex with Flex
1305 SE 1st St Fort Lauderdale, FL 33301
For Sale
$2,499,000
MULTI_FAMILY - Other - Fort Lauderdale, FL
Property Size4,219 SF
Price / SF$592.32
Days on Market93
Property Features for 1305 SE 1st St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Rooms
Bedroom 4, Bedroom 8, Bedroom 2, Bathroom 2, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 5, Bathroom 3, Bathroom 4, Bedroom 3, Bedroom 7
Parking
5
Window features
Blinds
Exterior features
Balcony, Barbecue, Fence, Lighting
Fencing
Fenced
Standard status
Active
APN
504211011411
Size
4,219 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
COLEE HAMMOCK 1-17 B LOT 10 BLK 30
Tax Annual Amount
33823
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1980
Floors in Building
2
Flooring type
Tile
Building materials
Block
Architectural style
Other
Listing Agency:
Compass Florida, LLC
(954) 477-7332
Listed By:
Agostina Mittone · License #3421497
(347) 228-1380
Added: Apr 29
Changed: Jul 29
Last Checked: Jul 30 at 7:06AM
MLS# A12007353
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This renovated fourplex offers four spacious 2BR/1BA units. Two of the units include additional flex rooms that can support alternate sleeping arrangements or a home office setup. One unit is furnished and described as Airbnb-ready, designed for short-term rental use. Updates throughout the building include updated kitchens, bathrooms, and flooring, along with impact-resistant PGT windows and doors. Building improvements include a roof installed in 2022, HVAC systems installed in 2021, a 10-year building safety certification completed in 2022, and a tankless water heater installed in 2025. On-site laundry includes washer and dryer sets on each floor, with ample on-site plus street parking.
The property is located in Colee Hammock, with Las Olas Blvd nearby and Fort Lauderdale Beach only minutes away. This setting supports a range of rental strategies, including seasonal and furnished mid-term stays.
With four rental-ready units and in-unit layout flexibility in half of the units, this property can fit buyers seeking a straightforward turnkey operation for long-term rentals as well as furnished short- or mid-term occupancy. The combination of recent system upgrades and impact-resistant exterior components supports day-to-day reliability for tenants and guests.
The property is located in Colee Hammock, with Las Olas Blvd nearby and Fort Lauderdale Beach only minutes away. This setting supports a range of rental strategies, including seasonal and furnished mid-term stays.
With four rental-ready units and in-unit layout flexibility in half of the units, this property can fit buyers seeking a straightforward turnkey operation for long-term rentals as well as furnished short- or mid-term occupancy. The combination of recent system upgrades and impact-resistant exterior components supports day-to-day reliability for tenants and guests.
Key Highlights
- Renovated 4‑plex with four 2BR/1BA units in Colee Hammock, just steps from Las Olas Blvd
- Two units include additional flex rooms for extra sleeping space or a home office
- Short‑term rental‑ready: one unit is furnished and Airbnb‑ready per listing remarks
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Turnkey fourplex with renovated 2BR/1BA units, flex rooms in two units, and on-site laundry for rental use.
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 4‑plex with four 2BR/1BA units in Colee Hammock, just steps from Las Olas Blvd; Two units include additional flex rooms for extra sleeping space or a home office; Short‑term rental‑ready: one unit is furnished and Airbnb‑ready per listing remarks
