Triplex with
For Sale
$1,029,000
1681 NE 56th Street, Fort Lauderdale, FL 33334
All three residences have month-to-month tenancies, allowing flexibility in lease planning.
Property Size2,681 SF
Price / SF$383.81
Days on Market177
Property Features for 1681 NE 56th Street
General Information
Standard status
Active
Size
2,681 SF
Property subtype
Triplex
Site & Location
Neighborhood
Cria
Additional Details
Multifamily Units
3
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$15,520
Amenities
pool
Building Details
Building Size
2,681 SF
Year Built
1964
Listing Agency:
Mari Juliette Real Estate
Listed By:
Marissa J Albertine · License #3394122
(954) 326-4476
Source:
Brosdaandbentley
Added: May 6
Changed: Oct 26
Last Checked: Oct 26 at 3:16PM
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 Mari Juliette Real Estate
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Investment Insights
Based on property information with market context.
Built in 1964, this three-unit property contains 2,681 square feet and includes a pool area. Each residence is occupied by a month-to-month tenant, providing flexibility in how the leases are managed.
The property is located in Fort Lauderdale, with beaches and dining described as nearby. The three-unit configuration and outdoor pool are the primary physical features.
The property is located in Fort Lauderdale, with beaches and dining described as nearby. The three-unit configuration and outdoor pool are the primary physical features.
Key Highlights
- Three‑unit property with 2,681 square feet
- Pool area on site
- Month‑to‑month tenancies in all 3 units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,692
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$893,840
$893.8K
Cap Rate 7%
$638,457
$638.5K
Cap Rate 9%
$496,578
$496.6K
Market Conditions
NOI Build-Up for 2,681 SF
Gross rent
$67.6K $25.20/SF
− Vacancy
−$3.7K −$1.39/SF
EGI
$63.8K $23.81/SF
− OpEx
−$19.2K −$7.14/SF
NOI
$44.7K $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%
$893,840
Cap Rate 7%
$638,457
Cap Rate 9%
$496,578
Alternative Uses
Best Use
Multifamily LT 5
$638.5K
$558.7K – $744.9K
NOI $44,692 @ 7.0% cap · market cap 4.34%
Second Best
Apartment 5plus
$575.1K
$503.2K – $671.0K
NOI $40,259 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,114 @ 7.0% cap · market cap 12.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,016
Businesses Nearby
Explore this area
Business Placement
Demographics for 33334, FL
30,138
Population
14,314
Households
2.1
Avg Household Size
44
Median Age
33%
College-Educated
88%
High-School Grad
4.8 sq mi
ZIP Area
6,279
Density / Sq Mi
$69,512
Median Household Income
$36,895
Median Earnings
$1,615
Median Rent
$430,500
Median Home Value
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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?
Triplex - All three residences have month-to-month tenancies, allowing flexibility in lease planning.
Where is this triplex located?
The property is located at 1681 NE 56th Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,029,000.
What are key features of this property?
This property features: Three‑unit property with 2,681 square feet; Pool area on site; Month‑to‑month tenancies in all 3 units
