Residential Income
1417 NE 5th Ave Fort Lauderdale, FL 33304
1417 NE 5th Ave, Fort Lauderdale, FL, 33304
$920,000
For Sale
$920,000
For sale quadplex residential income property at 1417 NE 5th Ave.
Property Size2,571 SF
Price / SF$357.84
Days on Market28
Property Features for 1417 NE 5th Ave
General Information
- Standard status
- Active
- Size
- 2,571 SF
- Property subtype
- Quadruplex
Building Details
- Year Built
- 1965
Listing agency
e-Wing Realty, Inc
(954) 980-2722
Listed by
Jessica Wing · License #3085829
(954) 980-2722
Source
Riserealty
Added: Jun 24 Updated: Jul 21 at 6:17PM Checked: Jul 21 at 6:17PM
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 e-Wing Realty, Inc
Investment Insights
Based on property information with market context.
This for-sale residential income quadplex offers a four-unit multifamily structure designed for rental operations. The property is categorized as a quadplex and residential income asset, providing a straightforward multi-unit configuration for buyers seeking income-producing real estate.
The quadplex is located at 1417 NE 5th Ave in Fort Lauderdale, Florida. The listing is presented for sale at a stated asking price of $920,000, with the full property size provided in the listing materials.
The quadplex is located at 1417 NE 5th Ave in Fort Lauderdale, Florida. The listing is presented for sale at a stated asking price of $920,000, with the full property size provided in the listing materials.
Key Highlights
- Quadplex residential income property at 1417 NE 5th Ave.
- Built in 1965.
Local Financial Insights For Multifamily LT 5
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 | $64.8k | $25.20 |
| − Vacancy | −$3.6k | −$1.39 |
| EGI | $61.2k | $23.81 |
| − OpEx | −$18.4k | −$7.14 |
| NOI | $42.9k | $16.67 |
2,571 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$612.3K
$535.7K – $714.3K
NOI $42,858 @ 7.0% cap · market cap 4.66%
Second Best
Apartment 5plus
$551.5K
$482.6K – $643.5K
NOI $38,607 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$1.73M
$1.51M – $2.02M
NOI $120,940 @ 7.0% cap · market cap 13.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - For sale quadplex residential income property at 1417 NE 5th Ave.
Where is this quadplex located?
The property is located at 1417 NE 5th Ave Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $920,000.
What are key features of this property?
This property features: Quadplex residential income property at 1417 NE 5th Ave.; Built in 1965.
