Fourplex with Two
1329 NE 5TH Avenue, Fort Lauderdale, FL 33304
For Sale
$975,000
Four rental units across two buildings, including a private cottage with fenced outdoor space.
Property Size1,790 SF
Price / SF$544.69
Days on Market77
Property Features for 1329 NE 5TH Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Premier Associates Realty LLC
(954) 540-9019
Listed By:
Francine Wishart · License #3024215
(954) 383-7940
Source:
Lehmannflorida
Added: Aug 25
Changed: Nov 8
Last Checked: Nov 8 at 6:40AM
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 Premier Associates Realty LLC
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Investment Insights
Based on property information with market context.
This Fort Lauderdale fourplex includes two separate buildings with four rental units in total. The main building contains two studio apartments on the first floor and a one-bedroom apartment upstairs. A separate one-bedroom cottage adds private front patio and lawn areas within a fully fenced setting. Both buildings have roofs reported as approximately three years old.
Built in 1958, the property is located at 1329 NE 5th Avenue in Fort Lauderdale. The address offers access to I-95 and is minutes from Wilton Manors, Las Olas Boulevard, downtown Fort Lauderdale, and Fort Lauderdale Beach, with shopping, dining, and nightlife nearby.
Built in 1958, the property is located at 1329 NE 5th Avenue in Fort Lauderdale. The address offers access to I-95 and is minutes from Wilton Manors, Las Olas Boulevard, downtown Fort Lauderdale, and Fort Lauderdale Beach, with shopping, dining, and nightlife nearby.
Key Highlights
- Four rental units arranged across two buildings
- 1,790 square feet of property size
- Unit mix includes two studios and two one‑bedroom units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,839
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,780
$596.8K
Cap Rate 7%
$426,271
$426.3K
Cap Rate 9%
$331,544
$331.5K
Market Conditions
NOI Build-Up for 1,790 SF
Gross rent
$45.1K $25.20/SF
− Vacancy
−$2.5K −$1.39/SF
EGI
$42.6K $23.81/SF
− OpEx
−$12.8K −$7.14/SF
NOI
$29.8K $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%
$596,780
Cap Rate 7%
$426,271
Cap Rate 9%
$331,544
Alternative Uses
Best Use
Multifamily LT 5
$426.3K
$373.0K – $497.3K
NOI $29,839 @ 7.0% cap · market cap 3.06%
Second Best
Apartment 5plus
$384.0K
$336.0K – $448.0K
NOI $26,879 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,202 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,920
Businesses Nearby
Explore this area
Business Placement
Demographics for 33304, FL
19,978
Population
12,367
Households
1.6
Avg Household Size
46
Median Age
51%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
6,445
Density / Sq Mi
$84,951
Median Household Income
$55,527
Median Earnings
$1,727
Median Rent
$556,400
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Fort Lauderdale, FL
Properties on Market for Quadplexes in Fort Lauderdale
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four rental units across two buildings, including a private cottage with fenced outdoor space.
Where is this quadplex located?
The property is located at 1329 NE 5TH Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Four rental units arranged across two buildings; 1,790 square feet of property size; Unit mix includes two studios and two one‑bedroom units
