Fort Lauderdale Multifamily Investment
For Sale
Contact for pricing
1432 Northeast 5th Avenue, Fort Lauderdale, FL 33304
Value-add four-unit multifamily property in a high-demand Fort Lauderdale location.
Property Size2,317 SF
Price / SF$0.42
Days on Market259
Property Features for 1432 Northeast 5th Avenue
General Information
Standard status
Active
Size
2,317 SF
Property subtype
Residential Income / Fourplex
Taxes and HOA fees
Annual Taxes
$8,783
Building Details
Year Built
1965
Listing Agency:
Skye Louis Realty Inc
Listed By:
Desare A Kohn-Laski · License #3187020
(954) 642-6329
Source:
Compass
Added: Feb 2
Changed: Oct 13
Last Checked: Oct 19 at 9:11AM
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 Skye Louis Realty Inc
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Investment Insights
Based on property information with market context.
This four-unit multifamily property is located in a desirable and high-demand rental area of Fort Lauderdale, placing it near Wilton Manors, Flagler Village, Las Olas Boulevard, and Fort Lauderdale Beach. The location provides convenient access to Galleria Mall, Whole Foods, Publix, and various dining and nightlife options along Wilton Drive and Las Olas. Its proximity to I-95 and other major roadways facilitates connectivity throughout Broward County and into Miami. The property benefits from strong rental demand due to its location near employment centers, entertainment venues, and lifestyle amenities, making it suitable for both long-term tenants and seasonal residents. The surrounding area is experiencing ongoing development and consistent growth, offering potential for rental optimization and stabilization. The property's central location and proximity to key destinations support strong rental performance and long-term appreciation. This property is suitable for investors seeking to reposition, increase cash flow, or hold a multifamily asset in the South Florida rental market. The property size is 6762 square feet. Short-term rental potential may be explored subject to local regulations.
Key Highlights
- Prime location in a high‑demand Fort Lauderdale rental market
- Value‑add opportunity with potential for rental optimization and increased cash flow
- Proximity to Galleria Mall, Whole Foods, Publix, and popular dining/nightlife on Wilton Drive and Las Olas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,793
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,860
$695.9K
Cap Rate 7%
$497,043
$497.0K
Cap Rate 9%
$386,589
$386.6K
Market Conditions
NOI Build-Up for 2,317 SF
Gross rent
$66.7K $28.80/SF
− Vacancy
−$3.5K −$1.50/SF
EGI
$63.3K $27.30/SF
− OpEx
−$28.5K −$12.29/SF
NOI
$34.8K $15.02/SF
Area
Fort Lauderdale, FL
Vacancy
5.20%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,860
Cap Rate 7%
$497,043
Cap Rate 9%
$386,589
Alternative Uses
Best Use
Multifamily LT 5
$551.8K
$482.8K – $643.7K
NOI $38,624 @ 7.0% cap · market cap 3,961.44%
Second Best
Apartment 5plus
$497.0K
$434.9K – $579.9K
NOI $34,793 @ 7.0% cap · market cap 3,568.51%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $108,992 @ 7.0% cap · market cap 11,178.67%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,326
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Value-add four-unit multifamily property in a high-demand Fort Lauderdale location.
Where is this quadplex located?
The property is located at 1432 Northeast 5th Avenue Fort Lauderdale, FL.
What are key features of this property?
This property features: Prime location in a high‑demand Fort Lauderdale rental market; Value‑add opportunity with potential for rental optimization and increased cash flow; Proximity to Galleria Mall, Whole Foods, Publix, and popular dining/nightlife on Wilton Drive and Las Olas
