Updated Multifamily
New
For Sale
$830,000
1925 NE 26th Street, Wilton Manors, FL 33305
Remodeled kitchens, updated bathrooms, in-unit laundry, central A/C, and private outdoor space support modern residential functionality.
Property Size1,700 SF
Days on Market2
Property Features for 1925 NE 26th Street
General Information
Standard status
Active
Size
1,700 SF
Zoning
ROSC-2
Taxes and HOA fees
Annual Taxes
$9,614
Amenities
in-unit laundry
central A/C
private outdoor space
Building Details
Building Size
1,700 SF
Year Built
1954
Listing Agency:
NRH Real Estate
(786) 444-4519
Listed By:
Muriel Attilus
(786) 444-4519
Source:
Laerrealty
Added: Aug 10
Changed: Aug 11
Last Checked: Aug 11 at 4:47AM
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 NRH Real Estate
Investment Insights
Based on property information with market context.
This multifamily property in Wilton Manors was built in 1954 and includes updated residential interiors. Improvements include remodeled kitchens with quartz countertops, refreshed bathrooms, in-unit laundry, central A/C, and private outdoor space. The combination of these features provides a practical residential configuration for occupants.
Located at 1925 NE 26th Street, the property is just minutes from the beach, Downtown Fort Lauderdale, and FLL Airport. The site carries ROSC-2 zoning, and the property information identifies it as a multifamily asset suited to residential occupancy.
Located at 1925 NE 26th Street, the property is just minutes from the beach, Downtown Fort Lauderdale, and FLL Airport. The site carries ROSC-2 zoning, and the property information identifies it as a multifamily asset suited to residential occupancy.
Key Highlights
- Remodeled kitchens feature quartz countertops
- Updated bathrooms, in‑unit laundry, and central A/C
- Private outdoor space included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,145
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$522,900
$522.9K
Cap Rate 7%
$373,500
$373.5K
Cap Rate 9%
$290,500
$290.5K
Market Conditions
NOI Build-Up for 1,700 SF
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.
Gross rent
$49.8K $29.28/SF
− Vacancy
−$2.2K −$1.32/SF
EGI
$47.5K $27.96/SF
− OpEx
−$21.4K −$12.58/SF
NOI
$26.1K $15.38/SF
Area
Broward County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$522,900
Cap Rate 7%
$373,500
Cap Rate 9%
$290,500
Alternative Uses
Best Use
Apartment 5plus
$373.5K
$326.8K – $435.8K
NOI $26,145 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$862.5K
$754.7K – $1.01M
NOI $60,374 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,971
Businesses Nearby
Explore this area
Business Placement
Demographics for 33305, FL
12,044
Population
8,285
Households
1.5
Avg Household Size
52
Median Age
54%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
5,475
Density / Sq Mi
$89,944
Median Household Income
$60,924
Median Earnings
$1,850
Median Rent
$558,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Remodeled kitchens, updated bathrooms, in-unit laundry, central A/C, and private outdoor space support modern residential functionality.
Where is this multifamily property located?
The property is located at 1925 NE 26th Street Wilton Manors, FL.
What is the asking price?
The asking price for this property is $830,000.
What are key features of this property?
This property features: Remodeled kitchens feature quartz countertops; Updated bathrooms, in‑unit laundry, and central A/C; Private outdoor space included
