Five-Unit Apartment
For Sale
$1,358,760
1410 SW 44th Ave # 5 Unit 1-5, Fort Lauderdale, FL 33317
Multifamily property with a varied apartment mix and access to retail, employment centers, major roads, and public transportation.
Property Size4,381 SF
Days on Market239
Property Features for 1410 SW 44th Ave # 5 Unit 1-5
General Information
Standard status
Active
Size
4,381 SF
Property subtype
Income/MultiFamily
Units
Unit Mix
3 x 3BR/2BA, 2 x 1BR/1BA
Multifamily Units
5
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$15,791
Building Details
Building Size
4,381 SF
Year Built
1997
Listing Agency:
Keter Estates LLC
(305) 761-1612
Listed By:
Erica Mizrahi · License #3239938
Source:
Relinkre
Added: Dec 11, 2025
Changed: Aug 5
Last Checked: Aug 7 at 1:21AM
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
Investment Insights
Based on property information with market context.
This five-unit apartment building, completed in 1997, includes three 3-bedroom/2-bath apartments and two 1-bedroom/1-bath apartments. The property offers a mix of larger and smaller residences within a multifamily configuration suited to rental housing operations.
Located just west of 441 in Fort Lauderdale, the property provides access to major roadways, retail destinations, employment hubs, and public transportation. Its central Broward County setting places everyday services and transportation options within the surrounding area.
Located just west of 441 in Fort Lauderdale, the property provides access to major roadways, retail destinations, employment hubs, and public transportation. Its central Broward County setting places everyday services and transportation options within the surrounding area.
Key Highlights
- Five‑unit multifamily property built in 1997
- Unit mix includes three 3‑bedroom/2‑bath apartments
- Two 1‑bedroom/1‑bath apartments 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
$65,786
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
4.84%
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%
$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
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
$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 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%
$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.
Property Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,026
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with a varied apartment mix and access to retail, employment centers, major roads, and public transportation.
Where is this apartment building located?
The property is located at 1410 SW 44th Ave # 5 Unit 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 built in 1997; Unit mix includes three 3‑bedroom/2‑bath apartments; Two 1‑bedroom/1‑bath apartments included
