6-Unit Multifamily Corner
1414 NE 4th St Fort Lauderdale, FL 33301
1414 NE 4th St, Fort Lauderdale, FL, 33301
$1,380,000
For Sale
$1,380,000
Well-maintained 6-unit multifamily asset on a corner lot with on-site parking in RC-15 zoning.
Property Size3,595 SF
Lot Size0.17 Acres
Price / SF$383.87
Days on Market115
Property Features for 1414 NE 4th St
General Information
- Standard status
- Active
- Size
- 3,595 SF
- Lot size
- 0.17 Acres
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1950
Listing agency
Native Realty
(954) 595-2999
Listed by
Jaime Sturgis · License #F10550164
Source
Commercialcafe
Added: Mar 30 Updated: Jul 21 at 2:08PM Checked: Jul 21 at 2:08PM
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 Native Realty
Investment Insights
Based on property information with market context.
This 6-unit multifamily investment property includes approximately 3,595 square feet of improvements on a roughly 7,452 square foot corner lot. The building features a well-maintained layout with unit variety designed to support strong rental appeal. The property includes on-site parking and functional access to all units, with recent exterior upkeep and curb appeal contributing to its overall presentation.
Located at 1414 NE 4th Street in Fort Lauderdale, the property is described as being minutes from Downtown Fort Lauderdale, Flagler Village, and the beach. The surrounding area is characterized as a high-demand rental corridor, supported by ongoing development and population growth.
Zoned RC-15, the property allows for residential multifamily use, with potential for future redevelopment or density optimization. The offering is presented as a stabilized, income-producing asset with the opportunity for value through interior upgrades and operational efficiencies.
Located at 1414 NE 4th Street in Fort Lauderdale, the property is described as being minutes from Downtown Fort Lauderdale, Flagler Village, and the beach. The surrounding area is characterized as a high-demand rental corridor, supported by ongoing development and population growth.
Zoned RC-15, the property allows for residential multifamily use, with potential for future redevelopment or density optimization. The offering is presented as a stabilized, income-producing asset with the opportunity for value through interior upgrades and operational efficiencies.
Key Highlights
- 6‑unit multifamily property built in 1950 at 1414 NE 4th Street, Fort Lauderdale
- Approximately 3,595 SF of improvements on a 7,452 SF corner lot with on‑site parking
- RC‑15 zoning allows residential multifamily use
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $103.5k | $28.80 |
| − Vacancy | −$5.4k | −$1.50 |
| EGI | $98.2k | $27.30 |
| − OpEx | −$44.2k | −$12.29 |
| NOI | $54.0k | $15.02 |
3,595 SF · lease $28.80/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$771.2K
$674.8K – $899.7K
NOI $53,984 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.42M
$2.11M – $2.82M
NOI $169,109 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Well-maintained 6-unit multifamily asset on a corner lot with on-site parking in RC-15 zoning.
Where is this apartment building located?
The property is located at 1414 NE 4th St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,380,000.
What are key features of this property?
This property features: 6‑unit multifamily property built in 1950 at 1414 NE 4th Street, Fort Lauderdale; Approximately 3,595 SF of improvements on a 7,452 SF corner lot with on‑site parking; RC‑15 zoning allows residential multifamily use
