Fort Lauderdale Multifamily Investment
For Sale
$1,358,760
1410 SW 44th Ave 1-5, Fort Lauderdale, FL 33317
Five-unit multifamily property near major roadways, retail, and transportation.
Property Size4,381 SF
Price / SF$310.15
Days on Market189
Property Features for 1410 SW 44th Ave 1-5
General Information
Standard status
Active
Size
4,381 SF
Building Details
Year Built
1997
Listing Agency:
Keter Estates LLC
Listed By:
Erica Mizrahi · License #3239938
(305) 761-1612
Source:
Chenoregroup
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 7 at 4:36PM
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 Keter Estates LLC
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Investment Insights
Based on property information with market context.
This five-unit multifamily property is located just west of 441 in Fort Lauderdale. The location provides access to major roadways, retail, employment hubs, and public transportation. The unit mix includes three 3-bedroom/2-bath apartments and two 1-bedroom/1-bath units. The property offers stable cash flow potential, efficient layouts, and consistent occupancy. The bike score is 61, indicating it is bikeable. The walk score is 62, indicating it is somewhat walkable. The transit score is 38, indicating some transit options are available.
Key Highlights
- Five‑unit multifamily property offering strong income potential.
- Mix of three 3‑bedroom/2‑bath and two 1‑bedroom/1‑bath units.
- Prime location west of 441 in Fort Lauderdale with immediate access to major roadways.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,786
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,315,720
$1.3M
Cap Rate 7%
$939,800
$939.8K
Cap Rate 9%
$730,956
$731.0K
Market Conditions
NOI Build-Up for 4,381 SF
Gross rent
$126.2K $28.80/SF
− Vacancy
−$6.6K −$1.50/SF
EGI
$119.6K $27.30/SF
− OpEx
−$53.8K −$12.29/SF
NOI
$65.8K $15.02/SF
Area
Fort Lauderdale, FL
Vacancy
5.20%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,315,720
Cap Rate 7%
$939,800
Cap Rate 9%
$730,956
Alternative Uses
Best Use
Apartment 5plus
$939.8K
$822.3K – $1.10M
NOI $65,786 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.94M
$2.58M – $3.43M
NOI $206,082 @ 7.0% cap · market cap 15.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
781
Businesses Nearby
Explore this area
Business Placement
Demographics for 33317, FL
37,590
Population
13,625
Households
2.8
Avg Household Size
41
Median Age
36%
College-Educated
90%
High-School Grad
9.6 sq mi
ZIP Area
3,916
Density / Sq Mi
$84,239
Median Household Income
$43,317
Median Earnings
$1,986
Median Rent
$449,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit multifamily property near major roadways, retail, and transportation.
Where is this apartment building located?
The property is located at 1410 SW 44th Ave 1-5 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,358,760.
What are key features of this property?
This property features: Five‑unit multifamily property offering strong income potential.; Mix of three 3‑bedroom/2‑bath and two 1‑bedroom/1‑bath units.; Prime location west of 441 in Fort Lauderdale with immediate access to major roadways.
