Residential Income
For Sale
$899,999
1417 NE 5th Avenue, Fort Lauderdale, FL 33304
For sale quadplex residential income property at 1417 NE 5th Ave.
Property Size2,571 SF
Price / SF$350.06
Days on Market95
Property Features for 1417 NE 5th Avenue
General Information
Standard status
Active
Size
2,571 SF
Total Parking Spaces
6
Property subtype
Residential Income
Zoning
RM-15
Taxes and HOA fees
Annual Taxes
$11,692
Building Details
Building Size
2,571 SF
Year Built
1965
Stories
1
Listing Agency:
e-Wing Realty, Inc
Listed By:
Jessica L Wing · License #696588
(954) 980-2722
Source:
Laerrealty
Added: Jul 20
Changed: Oct 11
Last Checked: Oct 20 at 5:51PM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,858
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$857,160
$857.2K
Cap Rate 7%
$612,257
$612.3K
Cap Rate 9%
$476,200
$476.2K
Market Conditions
NOI Build-Up for 2,571 SF
Gross rent
$64.8K $25.20/SF
− Vacancy
−$3.6K −$1.39/SF
EGI
$61.2K $23.81/SF
− OpEx
−$18.4K −$7.14/SF
NOI
$42.9K $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%
$857,160
Cap Rate 7%
$612,257
Cap Rate 9%
$476,200
Alternative Uses
Best Use
Multifamily LT 5
$612.3K
$535.7K – $714.3K
NOI $42,858 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$551.5K
$482.6K – $643.5K
NOI $38,607 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$1.73M
$1.51M – $2.02M
NOI $120,940 @ 7.0% cap · market cap 13.44%
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
1,920
Businesses Nearby
Explore this area
Business Placement
Demographics for 33304, FL
19,978
Population
12,367
Households
1.6
Avg Household Size
46
Median Age
51%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
6,445
Density / Sq Mi
$84,951
Median Household Income
$55,527
Median Earnings
$1,727
Median Rent
$556,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
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 Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Quadplex residential income property at 1417 NE 5th Ave.; Built in 1965.
