Renovated Triplex With Private
For Sale
$899,999
1750 NE 52nd Street, Fort Lauderdale, FL 33334
Vacant three-unit property with dedicated carports, in-unit laundry, and covered outdoor areas.
Property Size2,148 SF
Price / SF$418.99
Days on Market59
Property Features for 1750 NE 52nd Street
General Information
Standard status
Active
Size
2,148 SF
Total Parking Spaces
6
Property subtype
Residential Income
Zoning
RD-15
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$10,792
Amenities
washer/dryer
private covered patios
Building Details
Building Size
2,148 SF
Year Built
1964
Stories
1
Listing Agency:
United Realty Group Inc.
(754) 235-0518
Listed By:
Erik Bosch · License #3231088
(754) 235-0518
Source:
Laerrealty
Added: Jul 5
Changed: Aug 30
Last Checked: Aug 31 at 12:52PM
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 United Realty Group Inc.
Investment Insights
Based on property information with market context.
This vacant triplex offers 2,148 square feet and was built in 1964. Renovations include a replacement roof, refreshed kitchens and bathrooms, new appliances, waterproof laminate flooring, updated interior and exterior paint, and hurricane-impact windows and sliding doors. Each unit includes its own carport, washer and dryer, and private covered patio. A six-car circular driveway provides additional on-site parking.
The property is located at 1750 NE 52nd Street in Fort Lauderdale, near Fort Lauderdale Beach and US-1, also known as Federal Highway. RD-15 zoning is identified for the property.
The property is located at 1750 NE 52nd Street in Fort Lauderdale, near Fort Lauderdale Beach and US-1, also known as Federal Highway. RD-15 zoning is identified for the property.
Key Highlights
- 2,148 SF triplex built in 1964
- Renovated with new roof, kitchens, bathrooms, appliances, flooring, and paint
- Hurricane‑impact windows and sliding doors
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
$35,807
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
3.98%
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%
$716,140
$716.1K
Cap Rate 7%
$511,529
$511.5K
Cap Rate 9%
$397,856
$397.9K
Market Conditions
NOI Build-Up for 2,148 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
$54.1K $25.20/SF
− Vacancy
−$3.0K −$1.39/SF
EGI
$51.2K $23.81/SF
− OpEx
−$15.3K −$7.14/SF
NOI
$35.8K $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 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%
$716,140
Cap Rate 7%
$511,529
Cap Rate 9%
$397,856
Alternative Uses
Best Use
Multifamily LT 5
$511.5K
$447.6K – $596.8K
NOI $35,807 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$460.8K
$403.2K – $537.6K
NOI $32,255 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $101,042 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,899
Businesses Nearby
Explore this area
Business Placement
Demographics for 33334, FL
30,138
Population
14,314
Households
2.1
Avg Household Size
44
Median Age
33%
College-Educated
88%
High-School Grad
4.8 sq mi
ZIP Area
6,279
Density / Sq Mi
$69,512
Median Household Income
$36,895
Median Earnings
$1,615
Median Rent
$430,500
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?
Triplex - Vacant three-unit property with dedicated carports, in-unit laundry, and covered outdoor areas.
Where is this triplex located?
The property is located at 1750 NE 52nd Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: 2,148 SF triplex built in 1964; Renovated with new roof, kitchens, bathrooms, appliances, flooring, and paint; Hurricane‑impact windows and sliding doors
