Quadplex with Coin
For Sale
$920,000
1417 NE 5th Ave, Fort Lauderdale, FL 33304
MULTI_FAMILY - Other - Fort Lauderdale, FL
Property Size2,571 SF
Price / SF$357.84
Days on Market28
Property Features for 1417 NE 5th Ave
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
RM-15
Bedrooms
5
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 2, Bathroom 1, Bathroom 4, Bedroom 5, Bedroom 4, Bedroom 1
Parking
6
Subdivision
PROGRESSO
Lot features
< 1/4 Acre
Standard status
Active
APN
494234020690
Size
2,571 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
PROGRESSO 2-18 D LOT 8 BLK 57
Tax Annual Amount
11692
Legal Description
PROGRESSO 2-18 D LOT 8 BLK 57
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Window Unit(s), Wall/Window Unit(s)
Building Details
Year built
1965
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
e-Wing Realty, Inc
(954) 345-1525
Listed By:
Jessica Wing · License #696588
(954) 980-2722
Added: Jul 18
Changed: Aug 1
Last Checked: Aug 14 at 4:06AM
MLS# A12042880
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This quadplex includes four residential units and is described as well maintained with all units currently leased. The property includes coin laundry, providing an additional on-site amenity. Construction is block, with ceramic tile flooring and a shingle roof. Heating is provided by wall furnaces, and cooling is provided by wall/window and window units.
The property is at 1417 NE 5th Ave in Fort Lauderdale, Florida (Broward County). Utilities include cable availability, and the sewer connection is to public sewer.
Built in 1965 and totaling 2,571 square feet, the configuration supports a four-unit rental setup intended for occupied, day-one income generation with potential for further improvements through rental changes.
The property is at 1417 NE 5th Ave in Fort Lauderdale, Florida (Broward County). Utilities include cable availability, and the sewer connection is to public sewer.
Built in 1965 and totaling 2,571 square feet, the configuration supports a four-unit rental setup intended for occupied, day-one income generation with potential for further improvements through rental changes.
Key Highlights
- All four units are currently leased
- Coin laundry on site
- 2,571 SF quadplex
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
$42,858
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
4.66%
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%
$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
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
$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 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%
$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 4.66%
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,287
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four units in a quadplex are currently leased, with coin laundry on site and wall/window HVAC.
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: All four units are currently leased; Coin laundry on site; 2,571 SF quadplex
