Triplex in Fort
New
For Sale
$695,000
1415 SW 3rd Avenue, Fort Lauderdale, FL 33315
RM-15 zoning and established long-term tenancy characterize this three-unit residential income property.
Property Size1,820 SF
Price / SF$368.90
Days on Market6
Property Features for 1415 SW 3rd Avenue
General Information
Standard status
Active
Size
1,820 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
RM-15
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$9,568
Building Details
Building Size
1,820 SF
Year Built
1968
Stories
1
Listing Agency:
Northgate Realty LLC
Listed By:
Tony F Angella · License #657283
(954) 612-0365
Source:
Laerrealty
Added: Oct 7
Changed: Oct 8
Last Checked: Oct 11 at 3:18AM
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 Northgate Realty LLC
Investment Insights
Based on property information with market context.
This 1968 triplex contains 1,884 square feet and is located in Fort Lauderdale. The property has long-term tenants and is zoned RM-15.
The property is at 1415 SW 3rd Avenue in Fort Lauderdale, Florida.
The property is at 1415 SW 3rd Avenue in Fort Lauderdale, Florida.
Key Highlights
- Three‑unit residential property
- 1,884 square feet
- Built in 1968
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,406
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,120
$628.1K
Cap Rate 7%
$448,657
$448.7K
Cap Rate 9%
$348,956
$349.0K
Market Conditions
NOI Build-Up for 1,884 SF
Gross rent
$47.5K $25.20/SF
− Vacancy
−$2.6K −$1.39/SF
EGI
$44.9K $23.81/SF
− OpEx
−$13.5K −$7.14/SF
NOI
$31.4K $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%
$628,120
Cap Rate 7%
$448,657
Cap Rate 9%
$348,956
Alternative Uses
Best Use
Multifamily LT 5
$448.7K
$392.6K – $523.4K
NOI $31,406 @ 7.0% cap · market cap 4.52%
Second Best
Apartment 5plus
$404.2K
$353.6K – $471.5K
NOI $28,291 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,623 @ 7.0% cap · market cap 12.75%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,584
Businesses Nearby
Explore this area
Business Placement
Demographics for 33315, FL
13,555
Population
6,991
Households
1.9
Avg Household Size
43
Median Age
35%
College-Educated
94%
High-School Grad
5.3 sq mi
ZIP Area
2,558
Density / Sq Mi
$90,760
Median Household Income
$43,815
Median Earnings
$1,789
Median Rent
$492,400
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
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Frequently Asked Questions
What type of property is this?
Triplex - RM-15 zoning and established long-term tenancy characterize this three-unit residential income property.
Where is this triplex located?
The property is located at 1415 SW 3rd Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Three‑unit residential property; 1,884 square feet; Built in 1968
